dubai purge saudi arabia political business elites briefly drag kingdom stock market sunday price recover close high investors bet crackdown could bolster reform long run size purge 11 princes four minister tens former minister detain newly create anti-corruption committee head crown prince mohammed bin salman raise question stability predictability saudi government foreigners major shock detention flamboyant billionaire prince alwaleed bin talal big investor top western company citigroup c.n know international face saudi business local investors meanwhile worry whether sustain investigation corruption could turn scandals kingdom opaque business world force people implicate sell equity hold many bankers analysts saw purge replace head national guard power grab prince mohammed design remove remain obstacles authority assure eventual succession throne say could help economy make easy prince mohammed pursue radical reform include slash state budget deficit put women employment lift ban women drive sell 300 billion state assets late act concentration power saudi say hasnain malik global head equity research emerge market investment bank exotix unprecedented controversial may centralization might also necessary condition push austerity transformation agenda benefit investors price initially tumble much 2.2 percent sunday saudi stock index .tasi rebound close slightly high share relate detain people prince alwaleed kingdom hold 4280.se sink bank rise sign economic optimism purge may increase prince mohammed grassroots support tackle corruption problem long plague economy populist move make sense lot princes businessmen bureaucrats corrupt take kickbacks involve kinds shady deal say bernard haykel professor near east study princeton university danger financial market however prince mohammed shake business practice tie last decades move could backfire trigger exodus money wealthy individuals country fact country lead business people arrest scare private sector might even capital flight bureaucrats terrify perhaps justifiably haykel say many corporate executives expect prince mohammed persuade pressure rich saudis repatriate billions dollars believe transfer overseas safe-keeping could help kick-start development project plan corruption crackdown may initial step effort decree create committee give right pending result investigations seize assets home abroad transfer state treasury jam dorsey senior fellow singapore s. rajaratnam school international study write prince mohammed appear react grow opposition within royal family military reform riyadh military intervention yemen raise question reform process increasingly base unilateral rather consensual rewrite kingdom social contract many people however unilateral approach see best chance push reform chief economist big regional bank say prince mohammed main motive act frustration reform move fast enough privatization program example include plan sale percent national oil giant saudi aramco discuss many months little action program may pick message send foreign investors unwise bet mbs say sam blatteis chief executive regional advisory firm mena catalysts use common abbreviation prince mohammed name want get things do prove consolidation power acceleration wheel policy-making move fast saudi purge worry investors may speed reform