Aside from being one of the largest shareholders in Citigroup, Saudi billionaire Prince Alwaleed bin Talal-led Kingdom Holding owns stakes in Rupert Murdoch’s News Corp and microblogging site Twitter. The official, who declined to be identified under briefing rules, said billionaire Prince Alwaleed bin Talal, who owns investment firm Kingdom Holding, and former finance minister Ibrahim al-Assaf had been detained. Aside from being one of the largest shareholders in Citigroup, Kingdom owns stakes in Rupert Murdoch’s News Corp and microblogging site Twitter. Saudi King Salman announced late on Saturday the creation of a new anti-corruption committee chaired by his son Crown Prince Mohammed bin Salman. Prince Miteb, the preferred son of the late King Abdullah, was once thought to be a leading contender for the throne before the unexpected rise of Prince Mohammed two years ago.

Source: Mint November 05, 2017 07:07 UTC