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| Saudi stock market drops after holding businessmen and princes |
Baghdad
Saudi stock market fell "trading" at the beginning of trading on Sunday, after the detention of a number of business man and the princes in the kingdom Sunday night on charges of corruption and money laundering.
The Saudi authorities arrested 11 emir, four current ministers, dozens of former ministers and businessmen, including Prince Alwaleed bin Talal .
On Saturday, King Salman bin Abdul Aziz issued a royal decree to form a supreme committee headed by Crown Prince Mohammed bin Salman to fight corruption in the kingdom.
Saudi Arabia: Investigation of al-Walid bin Talal and Ibrahim al-Assaf on the background of corruption cases- List of the most prominent princes, ministers and businessmen arrested in Saudi Arabia
Saudi Arabia's index fell 1.5% after eight minutes of trading. Kingdom Holding , owned by billionaire Prince Alwaleed bin Talal, fell 9.9%, Reuters reported.
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