(Bloomberg) -- 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.
To contact the reporter on this story: Luke Kawa in New York at lkawa@bloomberg.net.
To contact the editor responsible for this story: Jeremy Herron at jherron8@bloomberg.net.
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