Saudi Deputy Crown Prince Mohammed bin Salman has been appointed as the country's crown prince, a royal decree carried by the Saudi Press Agency (SPA) said on Wednesday. King Salman appointed his son to be next in line for the throne, replacing the King's nephew and the new Crown Prince's cousin Prince Mohammed bin Nayef.
The newly announced Crown Prince Mohammed bin Salman also serves as defense minister and oversees a vast economic portfolio as chairman of the Council for Economic and Development Affairs. He had previously been second in line to the throne.
The newly announced Crown Prince Mohammed bin Salman also serves as defense minister and oversees a vast economic portfolio as chairman of the Council for Economic and Development Affairs. He had previously been second in line to the throne.
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| Al Saud Line of Succession (Photo Credit: Saudi Press Agency / Reuters) |
The SPA report said Mohammed bin Salman was chosen as crown prince by 31 out of 34 members of the Allegiance Council during a meeting at Al-Safa Palace in Makkah in the early hours of Wednesday.
Saudi Arabia’s Council of Senior Scholars has welcomed King Salman’s choice of Mohammed bin Salman as crown prince on Wednesday. The highest religious body pledged allegiance to the newly appointed Crown Prince in a series of tweets hailing the leadership’s wise choice.
Prince Mohammed bin Naif, former crown prince, pledged allegiance to the newly-appointed Crown Prince Mohammed bin Salman at Al-Safa Palace Wednesday.
The Saudi stock market on Wednesday jumped by over 4 percent after news that King Salman has placed his 31-year-old son next in line to the throne.
source: ArabNews
The Saudi stock market on Wednesday jumped by over 4 percent after news that King Salman has placed his 31-year-old son next in line to the throne.
source: ArabNews
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