Saudi crackdown draws to a close leaving battered image:
"Shares in Kingdom Holding Company soared on Sunday after Prince Alwaleed bin Talal, its billionaire owner, returned to his palace in Riyadh almost three months since his arrest and detention over corruption allegations. Investor optimism swiftly lifted shares in Prince Alwaleed’s investment vehicle, by 10 per cent, the daily upper limit. But insiders warned that the future for KHC, alongside the businesses of other magnates released over the weekend from the Ritz-Carlton hotel in the Saudi capital, remains far from clear. No detail has been provided on any settlements that may have been reached."
'via Blog this'
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