Trump Closes Companies Tied To Saudi Arabia

President-elect of the United States of America Donald Trump has shut down at least nine of his companies since the November 8 election, including four that were allegedly connected to a business venture in Saudi Arabia.
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The New York businessman closed the companies days after winning the US presidential elections, The Associated Press reported on Friday.

In the run-up to the election, Trump had registered eight companies with Jeddah, the name of a Saudi city, in their name, according to the report.

Half of those were closed within months and the rest were dissolved a week after the election.

Alan Garten, the Trump Organization’s general counsel, said the closures were part of a routine “housecleaning” and the Republican president-elect had no more business activities in Saudi Arabia.

Trump, a billionaire real estate magnate, has been under pressure to prove that his business interests would not interfere with his new job as America’s 45th president.

He had previously announced that he would hand over his businesses “in total” to his children, who remain close advisers to him.

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