WRT DOPEY['s new post?]
“We are very pleased to welcome back (His Royal Highness) Prince Alwaleed to continue his important work as Chairman of Kingdom Holding Company,” Chief Executive Talal Almaimansaid said.
The firm’s strategy is aligned with the Vision 2030 reform agenda “to create strong investor appeal and a business environment in which KHC and our partners can flourish”, he added.
https:// www. reuters.com/article/us-saudi-arrests-alwaleed/saudi-billionaire-prince-alwaleed-back-at-work-after-detention-company-says-idUSKBN1FL5GR
In the first few days after his detention, Kingdom Holding’s share price plunged 23 percent, erasing $2.2 billion of his personal fortune on paper.
After a jump this week, the stock has regained almost all that it lost, but during his detention the overall stock market rose 10 percent. Kingdom shares do not reflect that gain, suggesting investors are still discounting the stock.