Its not officially announced yet but a source very close to the company who implemented the camera systems in riyadh told me that there is a good news and a bad news.
The good news is, Saudi gov has decided to be very lenient for over speeding because there was too much pressure from different communities and ministries. The gov has already changed the speed limits from 70 to 80km/hr at the most roads and still there is a leniency of 10km+ on 80. They have decreased the numbers of moving cameras which will gradually decrease more with the time. No wonder, we don't see much vehicles with cameras now a days. However the cameras at the signals will remain effective but will flash only once someone crosses the red light and not on the yellow light.
The bad news is, saudi gov is in the process of implementing a new system in which every driving license holder will have a certain limit of 'flashes' or 'tickets' per year. For example, if he gets flashed 10 times in a year or gets 10 traffic tickets, he will get his driving license suspended for a certain period of time. Developments are still in process for this system and details will come out soon.
Off topic, but the gov is also seriously thinking to allow only one driving vehicle for one family in the capital city. Metro train system is also going to be implemented in very near future. And, bullet train tracks are under construction from Riyadh to jeddah at this very moment. Traveling at 500 KM/hr from riyadh to jeddah, does this idea enthralls anyone?