Prince Al Waleed was held in November along with other princes, officials and businessmen by a new anti-corruption body headed by the Saudi crown prince Mohammed bin Salman, who tries to consolidate his power grab.
Al Waleed was detained in the Ritz Carlton Hotel in Riyadh in an anti-corruption purge with the National Guard minister and senior member of the Royal family Mutaib bin Abdullah who was arrested as well as his brother Turki.
Prince Alwaleed is the most high-profile detainee to have been released so far. Speaking to Reuters Saturday before his release, he said that no charges had been laid against him and expressed support for Crown Prince Mohammed bin Salman.
He told Reuters he expected to be released soon.
“There are no charges. There are just some discussions between me and the government,” he said in the interview, conducted shortly after midnight. “I believe we are on the verge of finishing everything within days.
“I told the government I’d stay as much as they want because I want the truth to come out on all my dealings and on all things that are around me.”
Few hours later, Prince Alwaleed was released.