Naguib Sawiris plans to launch a new investment vehicle to acquire gold mining assets across the world, the Financial Times reports. The new company will fall under Sawiris’ La Mancha Group, which holds majority stakes in Canadian mining firm Endeavor and Australia’s Evolution Mining. The move comes as listed gold miners have underperformed the gold price this decade, leading to calls from investors for new management and better allocation of capital, the salmon-colored paper said.

In other news from the Sawiris Batcave, the bn’aire also had harsh words to say about Saudi Arabian Crown Prince Mohammed bin Salman’s ongoing anti-corruption drive. On Friday, Sawiris denounced the probe, saying the purge had undermined the rule of law in the Kingdom and would deter investment, Reuters reports. He reserved his most scathing remarks for MBS, whom he referred to as “this young man” and called on influential figures to stand up to the Crown Prince. “I know I am done-for in Saudi Arabia. No more business (there). Ok, I don’t care,” Sawiris said.

Sawiris’ statements come as Talaat Moustafa Group once again disavowed any relationship with arrested Prince Alwaleed Bin Talal’s Kingdom Holdings over Four Seasons developments. A source from TMG told Al Masry Al Youm that the Kingdom Holdings had merely explored a potential partnership between both countries over Four Seasons expansions in Sharm El Sheikh.