Saudi Prince Invests $500M in Citigroup
Prince Alwaleed Bin Talal, nephew of Saudi Arabia's King Fahd, has invested an additional $500 million in Citigroup Inc., the prince said yesterday.
Alwaleed, Citigroup's largest shareholder since 1991, said after the Sept. 11 terrorist attacks that he would invest about $1 billion in slumping U.S. and European shares.
Alwaleed's latest investment brings his total investment in Citigroup to more than $10 billion, or about 4 percent of the company.
- Dow Jones