Prince Saud Al-Faisal, the Foreign Minister, has categorically denied existence of a Saudi initiative for the settlement of the Syrian-Lebanese dispute. Meanwhile, Prince Saud, who is leading the Saudi delegation to the meetings of the 123rd session of the Arab League's Council, which is currently in progress here, said, in a press statement, that he had no idea about the reports which said that arrangements were underway to hold a tripartite summit, with the participation of the Kingdom of Saudi Arabia, Egypt and Syria.