LOC01:04
22:04 GMT
RIYADH, Nov 7 (KUNA) -- The Saudi Economic Affairs and Development Council stressed commitment to safeguard the economic and financial rights of national and foreign investors and corporates in the Kingdom.
In a meeting chaired by Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Deputy Premier and Chairman of the Council for Economic Affairs and Development, on Tuesday, the council reviewed the recent Royal Decree to establish a supreme committee for the investigation of public corruption, reported the Saudi Press Agency (SPA).
During the meeting, the Council Chairman, Crown Prince Mohammad bin Salman instructed the relevant ministers to ensure that national and multinational companies operating inside and outside the Kingdom, including those wholly or partly owned by individuals under investigation, were not disrupted while investigations into corruption were underway.
The council recognized the importance of these companies for the national economy, and the importance of ensuring that investors could operate with confidence in Saudi Arabia.
It stressed that the Saudi government was fully committed to protecting the rights of individuals under investigation and would ensure their fair treatment by the justice system.
The council emphasized that the countering corruption by legal means and preventing the squandering of public funds was crucial for the sustainable growth of the national economy. (end)
od.ibi