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The arrest of Saudi billionaire Prince Alwaleed bin Talal, one of the world's wealthiest men, negatively impacts investor sentiment. Shares of Kingdom Holding, his investment firm, continue to decline following his detention in an anti-corruption crackdown initiated by Saudi Crown Prince Mohammad bin Salman. The arrest of 11 princes and numerous businessmen aims to consolidate power and address corruption within the kingdom.
Sunday, 5 November, 2017