Breaking News: Palestinian billionaire Sabih al-Masri detained in Saudi Arabia

Palestinian billionaire and chairman of Arab Bank Sabih al-Masri has been detained in Saudi Arabia for questioning.

Family members have claimed he was detained after a business trip to Riyadh.

The 80-year-old founder of Zara Investment Holding and chairman of Arab Bank was held in the Saudi capital for questioning last week about "information related to corruption", according to Rai al-Youm.

The Arab news website reported on Saturday that no formal charges were made against al-Masri, who reportedly also holds Saudi and Jordanian citizenship.