Alwaleed is among 11 princes and 38 current or former senior Saudi officials who have reportedly been detained as part of an alleged anti-corruption purge.
Kingdom Holding's chief executive, listed on its website as Talal Ibrahim al-Maiman, has received the support of the government, and would continue to operate "business as usual", the investment firm said in a stock market statement.
"As a leader who is set to remain in power for decades, Mohammed bin Salman is remaking the kingdom in his own image and signalling a potentially significant move away from the consensual balancing of competing interests that characterised Saudi rule in the past", Mr Ulrichsen said.
Prince Alwaleed's father was the kingdom's finance minister during the 1960s.
Shortly before the arrests, King Salman had ousted Prince Miteb bin Abdullah from his post as head of the National Guard in a series of high-profile sackings that sent shock waves through the oil-rich Gulf country. The 62-year-old is one of the largest shareholders in Citigroup and also owns stakes in News Corp and Twitter.
Saudi Crown Prince and Defense Minister Mohammed bin Salman in Moscow's Kremlin, Russia, May 30, 2017. Phone lines to the hotel have been cut off since Sunday morning.
Saudi officials described Saturday's arrests as the result of an investigation by a newly created anti-corruption committee.
The committee is also trying to find out how the state agencies handled the Middle East Respiratory Syndrome (MERS) virus which has claimed hundreds of lives in the past few years.
Al-Arabiya said that the anti-corruption committee had the right to investigate, arrest, ban from travel or freeze the assets of anyone it deemed corrupt.
Meanwhile, the kingdom's top council of clerics issued a statement saying it is an Islamic duty to fight corruption - essentially giving religious backing to the high-level arrests being reported.
He said the Saudi Arabian leadership is "keen to protect public money and eradicate corruption, which hampers the economy and society", adding the decree was a "clear message" that no one can escape justice if they are proven to be involved in corruption.
Abbott's communications director tweeted that the governor is headed to Sutherland Springs for a briefing and media availability. A neighbour said the shooting happened just before noon local time at a time when there were about 50 people at the service.
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The victim, identified by police as Sauvignon Watkins, 28, of Chatham, ran into the Starbucks at Lawrence and Broadway. A 12-year-old boy suffered a gunshot wound to the groin and was being treated at Ann & Robert H.
Bush , also had some harsh words for his Republican successor: "This guy doesn't know what it means to be president". Bush's parents were clearly disturbed by the influence of Vice President Dick Cheney and neoconservative advisers.
Klopp said: "I decided after just one training session to bring Sadio in from the beginning". "It's a very hard situation for me". The other promoted team, Newcastle, conceded a last-minute goal to Bournemouth in a 1-0 loss.
The battle has been ferocious, with heavy Russian air strikes and Syrian artillery fire leaving much of the city in ruins. The commander added that Iraqi forces have also established control over the nearby Al-Qaim border crossing.
From there, Atlanta struggled to stay in the game, while Carolina pushed the Falcons around for most of the third quarter. McCaffrey scored his first rushing touchdown of his career on a pitch from Newton to cut Atlanta's lead to 10-7.
Ardern acknowledged the two Tasman neighbors faced different immigration problems but said the offer remained open. So far, about 50 refugees have been settled under the deal. "We r dying", he said on Twitter.
According to the Warren County Regional Jail's website, Boucher remained in jail as of Saturday afternoon with a bond of $5,000. Rand Paul suffered a minor injury Friday when he was " blindsided " and assaulted outside his home, police said.
Delhi has a unique position under the Indian Constitution, with its own state assembly and an administrator in the form of an L-G. It asked the petitioners to file interlocutory pleas in the pending petition which will be taken up by Constitution bench.
The U.S. government is recalling nearly 40 million fire extinguishers, for fear that the products may not work in an emergency. Consumer Product Safety Commission has recalled 37.8 million fire extinguishers because they might not work in an emergency.
Jaguars deactivate RB Fournette for violating team rule
Ivory has 209 yards and one touchdown on 57 carries, backing up Fournette in six games and starting against the Colts. Jaguars Running Back Leonard Frenette has been taken out of Sunday's lineup against the Cincinnati Bengals .
Fresh sexual abuse allegations emerge against Kevin Spacey
In London , The Old Vic has been accused of covering up allegations of groping and inappropriate sexual behaviour by Spacey . He said that he once saw a grip bend over to pick something up and Spacey remarked that he had a "nice ass".
U.S. air strikes target Islamic State militants in Somalia
America has previously carried out more than a dozen drone strikes against the al Qaeda-linked al Shabaab group in Somalia. At least six missiles hit Buqa, a mountainous village in the northern state of Puntland, a Somali security official said.
BlizzCon 2017: Who's Moira, Overwatch's New Hero?
There were three huge announcements given for Overwatch at BlizzCon , Blizzard Entertainment's yearly conference, this year. The new hero, Moira, will be a support hero with the ability to switch and synergize between healing and dealing damage.