Alwaleed bin Talal
The company would receive SAR 565 million in cash, as well as the acquisition of convertible bonds at Uber for SAR 685 million.
Saudi Arabia's Prince Talal bin Abdulaziz, father of billionaire investor Alwaleed bin Talal.
A Saudi official said on Tuesday all detainees were released from Riyadh's Ritz-Carlton hotel, where they were held as part of an anti-corruption campaign.
Terms of the release have not so far been disclosed. A senior Saudi official told Reuters the prince was freed after a financial settlement over “violations” to which he had admitted.
Saudi Arabian billionaire Prince Alwaleed bin Talal, one of the kingdom's top international businessmen, was released from detention on Saturday,.
Prince Alwaleed expected to be cleared of any wrongdoing and released from custody within days, with his vast assets intact.
Prince Alwaleed bin Talal is negotiating a possible settlement with authorities but so far has not agreed on terms, a senior Saudi official said.
Saudi Arabian investment firm Kingdom Holding plans to sell its stakes in the Moevenpick Hotel and Four Seasons Hotel in Beirut.
A Lebanese commercial bank has been commissioned to find buyers for the posh Four Seasons Hotel Beirut and Movenpick Hotel Beirut.
Saudi authorities have previously confirmed that almost all the 19 have been detained in a sweeping corruption investigation.
Oil prices largely held on to gains on Tuesday after posting the biggest rise in six weeks a day earlier.
Bribery, embezzlement, money laundering and abuse of power are among the accusations leveled against dozens of Saudi princes.
Strong oil prices and buying interest in banking shares look set to support the Saudi Arabian stock market on Monday.
The Saudi equities index .TASI was down 1.0 percent after 25 minutes of trade as declining stocks overwhelmed advancers by 155 to 15.
Saudi-owned Al Arabiya television said the body had detained 11 princes, four current ministers and tens of former ministers.
Business Today highlighted the Saudi Tycoon Alwaleed Bin Talal's new investments in Egypt through an interview published in the Magazine's August Issue.
Sahar Nasr agreed on Sunday with Saudi businessman Prince Alwaleed bin Talal to invest more than USD 800 million in Egypt.
The first group of residences in the Sotra project has been handed over in cooperation with Masr Elkheir foundation, Saudi Prince Alwaleed bin Tallal announced in a tweet on his Twitter account Tuesday.
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