Deals
Kingdom Holding Buys $450 Million Citigroup Stake From Alwaleed
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Kingdom Holding Co., the investment company of Prince Alwaleed Bin Talal, has raised its stake in Citigroup Inc. to 2.2% after buying a $450 million stake from the Saudi billionaire.
Kingdom previously owned a 1.63% holding in the Wall Street firm, according to a Saudi stock market filing on Wednesday, which didn’t give further details.