Saudi Arabia's Prince Alwaleed bin Talal has been arrested as part of an anti-corruption sweep in the kingdom. The billionaire businessman was among at least 17 Saudi princes and top officials detained on Saturday, according to a list obtained by CNN and cited by a senior royal court official. Shares in the prince's Kingdom Holding company fell as much as 9.9%, before closing down 7.6% in Riyadh. Prince Alwaleed owns 95% of Kingdom Holding, which holds stakes in global companies, including Citigroup, (C) Twitter, (TWTR, Tech30) Apple (AAPL, Tech30) and New York's Plaza Hotel. On Saturday, Saudi Arabia announced the formation of an anti-corruption committee by King Salman bin Abudlaziz Al-Saud.

Source: CNN November 05, 2017 13:30 UTC