Investors have been uneasy since a number of high-level Saudi figures were detained for alleged corruption.
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Three months after Saudi Arabia detained scores of people in a crackdown on corruption, its rulers are trying to reassure investors that the kingdom remains open for business.However, top officials, including Prince Mohammad, met with senior local businessmen last month to reassure them that the crackdown was mostly over and that it was safe to do business, according to five Saudi and Western sources who spoke with people who attended the meetings.Another message was that the Saudi authorities define corruption relatively narrowly. While they want to improve Saudi business practices, the officials told business leaders, they will not try to change that culture so radically that normal business ties are damaged, the sources said. One banker who spoke to Saudi officials and attendees at one of the meetings said that some of those released from detention had been told they may be asked to help fund certain projects.
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