Marcus Chenevix, an analyst at investment research firm TS Lombard in London, says the crackdown will reduce corruption and move the country “away from a confusing system of multiple and competing power centers to one powerful center. ”But Mr. Chenevix also says money managers he advises have been pulling money from Saudi assets, concerned by what they see as the opaqueness and volatility of local politics. “There won’t be a rapid return in confidence in Saudi Arabia,” he said.
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