TORONTO: Canada said on Thursday that 13 of its citizens have been detained in China since Huawei Technologies Co. Chief Financial Officer Meng Wanzhou was arrested last month in Vancouver at the request of the United States.
“At least” eight of those 13 had since been released, the Canadian government said in a statement, without disclosing what charges if any have been laid.
Prior to Thursday’s statement, detention of only three Canadian citizens had been publicly disclosed. Diplomatic tension between Canada and China has intensified since Meng’s arrest on Dec. 1.
The Canadian government has said several times it sees no explicit link between the arrest of Meng, the daughter of Huawei’s founder, and the detentions of Canadian citizens.
But Beijing-based Western diplomats and former Canadian diplomats have said they believe the detentions were a “tit-for-tat” reprisal by China.
Meng was released on a C$10 million ($7.4 million) bail on Dec. 11 and is living in one of her two multi-million-dollar Vancouver homes as she fights extradition to the United States. The 46-year-old executive must wear an ankle monitor and stay at home from 11pm to 6am
The 13 Canadians detained include Michael Kovrig, Michael Spavor and Sarah McIver, a Canadian government official who declined to be identified, said on Thursday.
McIver, a teacher, has since been released and returned to Canada. Kovrig and Spavor remain in custody. Canadian consular officials saw them once each in mid-December.
Overall, there are about 200 Canadians who have been detained in China for a variety of alleged infractions who continue to face on-going legal proceedings. “This number has remained relatively stable,” the official said.
In comparison, there are almost 900 Canadians in a similar situation in the United States, the official added.
Chinese Foreign Ministry spokesman Lu Kang did not provide details about the other detained Canadians at a news briefing in Beijing on Friday, but said that China was ruled by law and it protected the legal rights of foreigners.
The Chinese government has not drawn a direct link between the detention of any Canadian and Meng’s arrest. It has demanded that Canada free Meng and threatened unspecified consequences if it does not.
Canada: 13 citizens detained in China since Huawei CFO arrest
Canada: 13 citizens detained in China since Huawei CFO arrest
- Diplomatic tension between Canada and China has intensified since Meng Wanzhou’s arrest on December 1.
Closing Bell: Saudi stocks slip as Tadawul falls 1% amid broad market weakness
RIYADH: Saudi stocks fell sharply on Tuesday, with the Tadawul All Share Index closing down 108.14 points, or 1.03 percent, at 10,381.51.
The broader decline was reflected across major indices. The MSCI Tadawul 30 Index slipped 0.78 percent to 1,378.00, while Nomu, the parallel market index, fell 1 percent to 23,040.79.
Market breadth was strongly negative on the main board, with 237 stocks falling compared to just 24 gainers. Trading activity remained robust, with 164.7 million shares changing hands and a total traded value of SR3.19 billion ($850.6 million).
Among the gainers, SEDCO Capital REIT Fund led, rising 2.73 percent to SR6.77, followed by Chubb Arabia Cooperative Insurance Co., which gained 2.69 percent to SR20.20.
National Medical Care Co. added 1.72 percent to close at SR141.60, while Alyamamah Steel Industries Co. and Thimar Advertising, Public Relations and Marketing Co. advanced 1.57 percent and 1.13 percent, respectively.
Losses were led by Al Masar Al Shamil Education Co., which tumbled 8.36 percent to SR24.65. Raoom Trading Co.fell 6.75 percent to SR64.20, while Alkhaleej Training and Education Co. dropped 6.60 percent to SR18.12 and Naqi Water Co. declined 5.51 percent to SR54.00. Gulf General Cooperative Insurance Co. closed 5.44 percent lower at SR3.65.
On the announcement front, Chubb Arabia Cooperative Insurance Co. signed a multiyear insurance agreement with Saudi Electricity Co. to provide various coverages, expected to positively impact its financial results over the 2025–2026 period. The deal will run for three years and two months and is within the company’s normal course of business.
Meanwhile, Bupa Arabia for Cooperative Insurance Co. announced a one-year health insurance contract with Saudi National Bank, valued at SR330.2 million, covering the bank’s employees and their families from January 2026. Despite the sizable contract, Bupa Arabia shares fell 0.8 percent to close at SR137, weighed down by the broader market weakness.
In contrast, United Cooperative Assurance Co. revealed an extension of its engineering insurance agreement with Saudi Binladin Group for the Grand Mosque expansion in Makkah. The contract value exceeds 20 percent of the company’s gross written premiums based on its latest audited financials and is expected to support results through 2026. However, the stock came under selling pressure, ending the session down 4.51 percent at SR3.39.
