Buildings are seen in Riyadh, Saudi Arabia, March 1, 2017. (REUTERS/Faisal Al Nasser/File Photo)
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Saudi Arabia's oldest contracting firm denied Saturday it had become fully state-owned after its chairman was detained in an anti-graft crackdown, but said some shares may have been transferred to the government.International media this week reported the government had taken over the Saudi Binladin Group after chairman Bakr bin Laden was detained.Bakr was among dozens of princes and elite businessmen and officials arrested two months ago in a crackdown on corruption ordered by Crown Prince Mohammed bin Salman.Saudi authorities have said they were negotiating financial settlements with those detained that could earn state coffers about $100 billion.
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