The Israeli news site Ynet reports that the chairman of Arab Bank, Palestinian-born billionaire businessman Sabih al-Masri has been detained in Saudi Arabia while on a business trip to Riyadh.

Arab political sources said that "this may be a Saudi attempt to decrease pressure on President Trump over Jerusalem."

Al-Masri, who is one of Jordan's most prominent businessman, founded the Palestine Securities Exchange, and has managed investment companies and financial economic institutions in the Middle East and elsewhere. He is also related to billionaire Munib al-Masri, one of the wealthiest people in Judea and Samaria.

Saudi Arabia has seen a wave of arrests recently in an attempt to purge corruption in the country and Al-Masri's arrest is apparently to obtain "information related to corruption, according to Saudi news sources.