Israeli newspaper Haaretz carries this piece quoting an ‘anonymous Saudi source’. That, unfortunately, is not very helpful in determining whether this is an official Saudi position or one being promoted by the source, the problem with all anonymous sources.

Saudi source: No talks before Israel accepts Arab peace plan
Yoav Stern and The Associated Press

Saudi Arabia said Tuesday that Israel must first accept the Arab peace initiative before it would agree to any direct talks with Prime Minister Ehud Olmert.

Olmert has called for a summit with the Saudis in order to discuss the peace process, following an Arab League decision to re-launch a 2002 peace initiative that calls for an Israeli withdrawal to the pre-1967 boundaries and a just and agreed solution to the refugee problem.

A Saudi source told The Associated Press that Israel must accept the proposal “before any meeting is considered.”

The source’s comments, given on condition of anonymity, were the first Saudi response to the prime minister’s offer.

… It has been previously reported that Saudi Arabia is holding secret contacts with Israeli officials, but is refusing public talks.

The foreign ministers of 10 Arab states will meet in Cairo in two weeks to call on Israel to accept the peace initiative approved at the Arab League summit in Riyadh last week, Arab League Secretary General Amr Moussa announced on Tuesday.

The foreign ministers “will call on the government of Israel and on all Israelis to accept the Arab peace initiative and use the existing opportunity to renew the direct negotiations on all tracks,” Moussa was quoted as saying….