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Source: Reuters
BAGHDAD (Reuters) – The bin Laden family of Saudi Arabia has been reduced by a document seen by Reuters as part of a restructuring following a crackdown on corruption in Riyadh, according to a document seen by Reuters .
Saudi businessman Khalid Nahhas has been named president of the newly formed bin Laden Holding group, which will be owned by Al-Sadiqah Holding, a subsidiary of the Ministry of Finance, with a 36.22 percent stake, up to 63 percent. 78%.
The paper, published by the Saudi Ministry of Commerce and Investment, reveals that only two family members, Saad and Abdullah bin Laden, are represented in the new nine-member board of directors, out of the family's exclusive control over his former bin Laden group.
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