Alwaleed Promises More Details on Settlement to Calm Investors - Bloomberg:
Prince Alwaleed bin Talal Al Saud, the Saudi billionaire whose wealth has more than halved since 2014, promised more transparency on his settlement with the government over alleged corruption in the hope the move would calm investors.
The prince, who was detained in November 2017 in what the government called a corruption crackdown, said he may reveal more details on the terms of his release in the “coming weeks or months” so shareholders in Kingdom Holding Co., his publicly-traded investment firm, “will be more comfortable."
“Maybe the market still wants more transparency," Alwaleed said in a rare interview with his television channel, Rotana Khalijia. "I admit there’s some confusion for them now.”
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