Consolidating business

Mutaib was considered a potential rival for the Saudi throne, although he never entered the line of succession.Prince Miteb, Lacroix said, "was important because he was the only prince who remained inside the government who could potentially oppose MBS," using a common nickname for Prince Mohammed.

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"Mohammed bin Salman wants to destroy the game of checks and balances that had characterized Saudi Arabia over the past few decades," Stéphane Lacroix, an expert on Saudi Arabia and a professor of political science at France's Sciences Po, told The Washington Post.The cumulative assets from the business, as well as any revenue or expenses, are recorded on the balance sheet of the parent company.This information is also reported on the income statement of the parent company.Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news.Any time you’re involved in a modernization project, vendor consolidation, or M&A effort, your application portfolio is in a constant state of flux.

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