A Saudi billionaire has withdrawn massive investments from Qatar amid the deepening crisis, according to Jazirah newspaper.
Businessman Ali bin Saud bin Salama Al Qahtani withdrew upto SR1.2 billion in investments in Qatar.
He announced the move in compliance with the decision of Riyadh to sever diplomatic and consular ties with Qatar.
The Saudi tycoon’s investments include real estate properties, oil tankers and other joint ventures with Qatari businessmen.