May 13, 2021 3:55 PM
It was unclear whether the release of Bakr, a tycoon in his 70s once seen as a major powerbroker, was provisional as his movements are still curtailed, one of the sources said.His family is “overjoyed”, the second source said, adding they hoped his release was not a temporary goodwill gesture by the government towards the end of the Muslim holy month of Ramadan.
But their fortunes tanked following the ascent of Crown Prince Mohammed bin Salman, who has sought to remake the oil-reliant economy and dismantle top-down patronage networks that enriched a handful of elite families. Most detainees, including Saad and Saleh, were subsequently released after opaque financial “settlements” with the government.
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