Saudi billionaire Prince Talal 'released' from detention-Here's what his daughter tweets


Saudi Arabian authorities have released all remaining detainees from Riyadh's opulent Ritz-Carlton Hotel, where they were held as part of an anti-corruption campaign.

They included billionaire prince Al-Waleed bin Talal who was freed on Saturday after agreeing a settlement. Kingdom Holdings has shares in many companies including Twitter, Lyft and Citigroup amongst others. He is chairman of Kingdom Holding Company, which closed 9.97 percent higher on the opening day of this week's trading on the Saudi Tadawul stock exchange.

Last week, the media reported that the Ritz-Carlton hotel in Riyadh will start receiving guests again next month.

Authorities are now winding down the probe that began on November 4 when authorities arrested dozens of royals, government officials and prominent businessmen.

Detained for almost three months, he was released on Saturday after striking an undisclosed financial agreement with the authorities, a government source said.

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Despite repeated statements that the purge is almost over, investors remain concerned about doing business in Saudi Arabia, where key business partners and firms could still be targeted. It was not immediately known what kind of settlement Prince Alwaleed had agreed to.

While he was never seen as politically influential, the prince's penchant for fame and his holdings in Western firms made him one of the most talked about Saudi royals overseas.

Over week earlier, Saudi Arabia's former Finance Minister Ibrahim al-Assaf was reportedly also released from the Ritz-Carlton and was cleared from all charges, which allows him to retain his positions as both a minister and king's adviser.

The announcement appeared to represent a political victory for Crown Prince Mohammed bin Salman, who launched the purge last November and predicted at the time that it would net about $100-billion in settlements.