By and  on November 6, 2017

LONDON — Kingdom Holding Co., whose chairman is the international superinvestor Prince Alwaleed bin Talal bin Abdul-Aziz Alsaud, has moved quickly to reassure the markets that business is moving ahead as usual despite a massive corruption crackdown by Saudi Arabia’s Crown Prince Mohammed bin Salman.

The multibillionaire bin Talal, whose investment portfolio includes Citigroup, Apple, Time Warner, Twitter, Lyft, Four Seasons Hotels, Eurodisney and eBay, was one of 11 princes, four government ministers and dozens of former government officials who were detained in Riyadh over the weekend. Kingdom Holding no longer has a stake in Saks Fifth Avenue.

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