Prince Alwaleed's High-Profile Holdings Lag Peers After His Arrest

What Message Is the Saudi Crackdown Sending?

Shares of Citigroup Inc. and Twitter Inc. are underperforming their peer groups Monday after billionaire Saudi Prince Alwaleed bin Talal was among those detained this weekend in a vast purge of the kingdom’s leadership. Alwaleed’s investment vehicle, Kingdom Holding Co., holds a “substantial” position in the micro-blogging platform and counts the U.S. bank as a “core investment.” The arrest may acutely affect Citigroup’s business prospects in the kingdom, according to strategists.

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