VOL. XLV

No 30

29-July-2002

SAUDI ARABIA

Prince al-WalidRaises Citigroup Stake $500Mn to Over $10Bn

Saudi entrepreneur Prince al-Walid ibn Talal ibn'Abd al-'Aziz has increasedhis stake in US banking company Citigroup by $500mn to over $10bn, according toa 18 July statement from Kingdom Holding which manages his worldwide investments.This latest purchase follows a similar move in March, when the prince, who isthe largest Citigroup shareholder, also bought $500mn worth of Citigroupshares. On 29...