×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: APFN | ML | Saudi | Corruption Arrests | Stocks

Freed Saudi Prince's Kingdom Holding Firm Climbs 10 Percent

Freed Saudi Prince's Kingdom Holding Firm Climbs 10 Percent

Sunday, 28 January 2018 05:39 AM EST

RIYADH, Saudi Arabia (AP) — Stocks in Saudi Prince Alwaleed bin Talal's investment firm have surged a day after he was released from detention in connection with an anti-corruption campaign.

The billionaire prince is one of the world's wealthiest people, with investments in several major firms, including Citigroup, Lyft, Twitter and international hotel chains. He is chairman of Kingdom Holding Company, which was trading 9.97 percent higher Sunday on the Saudi Tadawul stock exchange.

The prince's associates say he was freed Saturday after more than 80 days in detention at the luxurious Ritz-Carlton in Riyadh. Dozens of high-profile detainees were held there in connection with the anti-corruption sweep that began in early November.

Most detainees have since been released after agreeing to hand over substantial financial assets to the government.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


MiddleEast
Stocks in Saudi Prince Alwaleed bin Talal's investment firm have surged a day after he was released from detention in connection with an anti-corruption campaign.The billionaire prince is one of the world's wealthiest people, with investments in several major firms,...
APFN,ML,Saudi,Corruption Arrests,Stocks
129
2018-39-28
Sunday, 28 January 2018 05:39 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved