You are here

Prince Alwaleed's release likely to reassure investors

Kingdom Holding chairman returns home after reaching a settlement with Saudi Arabian authorities; he will remain at the helm of his company, says a government official

BT_20180129_SMFREE_3284280.jpg
Prince Alwaleed told Reuters in the final hours of his captivity at the Ritz-Carlton in Riyadh that he maintained his innocence of any wrongdoing, and did not expect to have to hand over assets to the state.

LondonĀ 

KINGDOM Holding Co surged after its chairman, Prince Alwaleed bin Talal, was released from the Ritz-Carlton in Riyadh, which served as a prison for billionaires and princes since the nation started its anti-corruption campaign in November. The shares gained 10 per cent, the most

sentifi.com

Market voices on:

Powered by GET.comGetCom