Saudi millionaire Prince Al-Waleed Bin Talal, Chairman of the Board of the Kingdom Holding Group, recently bought one billion dollars worth of additional stocks in the Citigroup, AOL Time Warner and Priceline.com. Companies, reported Al-Watan . The execution of this deal lasted six months. As a result, the Saudi Prince’s total investments in Citigroup increased to $10 billion, and thus, he became the largest investor in the company. $500 million of the new investments were directed to Citigroup, $450 million to AOL Time Warner and $50 million to Priceline.com. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
