Friday 2 February 2018

Saudis Raise Allowances for Some Royals After Purge - Bloomberg

Saudis Raise Allowances for Some Royals After Purge - Bloomberg:

"Saudi Arabia increased its payments to some members of the royal family just as officials were wrapping up a controversial anti-corruption campaign that targeted some of the kingdom’s richest men and most prominent princes, according to three people with knowledge of the matter.

The most recent monthly stipend -- paid after the government had stopped covering electricity and water bills for royalty -- was raised by as much as 50 percent, two of the people said. A Saudi government official said the report was “absolutely not true.”

It’s not clear whether the payment was a one-time bonus or will continue each month, or how widely the money was distributed. One of the people said it extended beyond the descendants of King Abdulaziz, Saudi Arabia’s founder, to include more distant branches of the family. Another person said the payment was only given to adults who had reached a particular age. The three spoke on condition of anonymity because of the sensitivity of the issue."



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