Posted on 11/20/2008 5:31:21 AM PST by Kozman
Prince Alwaleed bin Talal's Kingdom Holding said Alwaleed will increase his Citigroup stake, his largest holding, to 5 percent. His holdings in Citi are currently less than 4%.
Alwaleed and his companies are buying Citigroup shares because the prince believes they are “dramatically undervalued,”...
(Excerpt) Read more at stockmarketnewsdaily.com ...
It must be nice to be rich...
Good money after bad. So, how much has the Prince made on his investment since 1999?
He’s lost $13 billion this year.
I believe this article is in error. He held five percent and increased that stake slightly in the nineties. The sheikh, who has taken a huge bath in C (Citi) (whose shaare are numbered in the billions) is trying to re-coup his losses. He is no longer one of the five or so richest persons on the planet.
Boo f’ing hoo.
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