Saudi Prince Alwaleed bin Talal said he is among investors helping Citigroup Inc, which posted its first quarterly loss since its creation in 1998, to raise $12.5 billion in convertible preferred securities.
The investment is a “continuation of his strong support of Citigroup, and belief in its long-term success and profitability”, the prince said in a [...]

Bookmark This:

Prince Alwaleed bin Talal, the Citigroup shareholder that came to the bank’s rescue during the credit crisis of the early 1990s, might do so again now, the Wall Street Journal reported on its Web site Friday, citing people familiar with the matter.
The billionaire from Saudi Arabia, along with China Development Bank, is expected to invest [...]

Bookmark This:

A private equity fund whose biggest investor is Saudi billionaire Prince Alwaleed bin Talal is raising funds to invest $500 million throughout Africa.The fund — Pan-African Investment Partners II — aims to ride on the back of strong economic growth on a continent where private equity has made much fewer inroads than in Europe and [...]

Bookmark This:

Prince Alwaleed bin Talal, the Saudi billionaire who is Citigroup Inc.’s biggest individual investor, agreed to buy a $319 million Airbus SAS A380 superjumbo, becoming the first private customer for the world’s biggest aircraft.The purchase was announced by Toulouse, France-based Airbus at the Dubai Air Show today. Alwaleed, ranked the world’s 13th-richest person by Forbes [...]

Bookmark This:

Citigroup Inc’s <C.N> largest individual shareholder, billionaire Saudi Prince Alwaleed bin Talal, regards the bank’s share price as ridiculously low and is not selling any shares, a magazine quoted him as saying.
“I will sell nothing. We are selling nothing,” Alwaleed was quoted in Fortune magazine as saying of the largest U.S. bank, whose shares have [...]

Bookmark This:

Citigroup Inc’s largest individual shareholder, billionaire Saudi Prince Alwaleed, will not comment on the crisis rocking the U.S. largest bank until the “picture gets clearer”, a spokeswoman said on Monday.  is not commenting on Citigroup until media speculation goes away and the picture becomes clearer,” Kingdom Holding’s spokeswoman Heba Fatani told Reuters.   Alwaleed controls 95 [...]

Bookmark This:

Saudi billionaire Prince Alwaleed bin Talal, the company’s largest individual shareholder, said today in an interview with the Wall Street Journal that he supports the current CEO.
“No financial institution is immune from the financial turmoil in global markets,” Alwaleed said.
 while analysts are calling for resignation of Chuck Prince
Citi’s problems have spanned several businesses,” Mayo wrote. [...]

Bookmark This:

Forbes publisheds a list of The middle east richest.  Check it out here
http://www.forbes.com/2007/09/27/billionaires-oil-banking-biz-cz_dp_0927middleeastbillies_slide_3.html?thisSpeed=15000
.No. 1  is Prince Alwaleed Bin Talal Alsaud  from Saudi Arabia with neth worth of  $20.3 billion
Bookmark This:

Bookmark This:

Billionaire Prince Al-Waleed bin Talal of Saudi Arabia visited Costa Rica this past weekend and stayed here until Tuesday, when he left for Guatemala after personally checking out and coordinating his investments in Costa Rica, as he is the largest shareholder of the chain Four Seasons — which has a five-star hotel in Guanacaste’s Gulf [...]

Bookmark This:

Shares of Saudi billionaire Prince Alwaleed bin Talal’s Kingdom Holding Co. rose as much as 41 percent in their trading debut, making the company the fourth- largest publicly traded firm in Saudi Arabia.The shares rose as high as 14.5 riyals on the Saudi stock exchange and closed at 12.25 riyals in Riyadh. That values Kingdom [...]

Bookmark This: