Monday, 25 April 2022 (YJC)_ An American newspaper reports that Saudi princes have been forced to sell their property in the United States and Europe due to cuts in windfall revenues.
The American newspaper "Wall Street Journal" wrote in a report:
Members of the Saudi royal family have been forced to sell more than $ 600 million worth of property, boats and works of art in the United States and Europe following Saudi Crown Prince Mohammed bin Salman cuts Saudi Arabia's income.
The following is the report:
These deals represent fundamental changes in the fate of key Saudi princes, who previously made windfall wealth from oil growth in the 1970s and 1980s in some of the world's most monopoly markets and spent such wealth on unnecessary assets, some of which were royal. They spent $ 30 million a month on luxury living.
According to the report, people close to the Saudi princes who have been forced to sell their assets abroad say that now with the new policy of Muhammad bin Salman to cut the financial resources of the Saudi princes who were spending a lot of money, they are forced to sell their assets in Europe and They have become American so that they can provide cash for themselves.
According to the report, Saudi princes need cash to pay their regular bills, including property maintenance, taxes, attendance and parking fees for their planes and boats.
Informed sources say that in some cases, Saudi princes are trying to sell their lavish possessions in order to avoid attracting the attention of Muhammad ibn Salman, because Muhammad ibn Salman has had privileges and access since his father came to the throne. Has limited the government budget in the Al Saud family.
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