VOL. XXXIV
NO. 21
25-FEBRUARY-1991
Financial and Banking News
Regional Banking
Saudi Prince Raises Stake in Citicorp to 14.9%
Prince Walid ibn Talal ibn 'Abd al-'Aziz al-Sa'ud, the chairman and principleshareholder of Riyadh-based United Saudi Commercial Bank (USCB), is to raise hisstake in Citicorp to 14.9% from its present 4.9%. Citicorp announced on 22February that the Prince will pay $590mn for the convertible preferred stock andwill become the largest single shareholder. It was not immediately...
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