Dozens of high-profile figures, including princes, businessmen and officials, who were called in for questioning have agreed to a 'settlement', Saudi attorney general Sheikh Saud al-Mojeb said on Wednesday.
"The necessary arrangements are being finalized to conclude such agreements," Mojeb said in a statement.
The attorney general had previously said he estimates at least $100 billion has been lost in embezzlement or corruption over several decades.
His latest statement comes after Prince Miteb bin Abdullah, the former National Guard chief, was released last week following a settlement reportedly exceeding $1 billion.
The attorney general said the bank accounts of 376 people have been frozen, all of whom are detained or linked to corruption allegations.
Saudi forces grounded private jets at airports, possibly to prevent high-profile figures from leaving the country, a source told AFP.
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The purge has triggered uncertainty among businesses that could lead to capital flight or derail reforms, experts say, at a time when the kingdom is seeking to attract badly needed investments to offset a protracted oil slump.
Other high-profile targets of the crackdown include billionaire Prince Alwaleed bin Talal, dubbed the 'Warren Buffett of Saudi Arabia'. The government has not commented on his current status.
