Palestinian Billionaire Released in Saudi Arabia Says He 'Was Given All Respect'

Palestinian Billionaire Released in Saudi Arabia Says He 'Was Given All Respect'

Al-Masri is chairman of the Arab Bank and has other business holdings in Jordan, the West Bank and Saudi Arabia.

"All is well and am happy [to be released] and I was given all respect by everyone here", al-Masri was quoted as saying.

The Palestinian billionaire Sabih al-Masri, returned to his home in Riydah after being detained by Saudi authorities and is expected to be allowed to leave the country soon, sources close to the family said on Sunday.

Al-Masri was detained in Saudi Arabia on Wednesday for questioning after a business trip to the kingdom, but the sources said he was set free on Sunday.

His arrest follows the biggest purge of the Saudi Kingdom's elite which sent shockwaves through business circles in Jordan and the Palestinian territories, where the billionaire has major investments.

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The Saudi authorities did not respond to requests for comment, while Masri could not be reached for comment.

"Masri was heading to the airport and they told him to stay where you are, and they picked him up", a source, who opted not disclose their identity, told Reuters. King Abdullah, who holds the title of custodian of Muslim holy sites in Jerusalem, has previously slammed Trump for his decision on Jerusalem.

The arrest of the businessman who also founded the Palestine Securities Exchange, and has managed investment companies and financial economic institutions across the Middle East has also been confirmed by his family.

Masri, who originally comes from a prominent merchant family from Nablus in the Israeli-occupied West Bank, amassed a fortune from partnering with influential Saudis in a major catering business to supply troops during the USA -led military operation to retake Kuwait from Iraq in the 1991 Gulf War.

Saudi Arabia, whose relations with the United States have warmed with Trump taking a harder line against its arch-rival Iran than his predecessor, appears to have taken a softer line on the decision on Jerusalem than in the past, according to analysts. Saudi was represented at the summit by a junior minister of Islamic affairs.

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