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Alwaleed transfers $597mln Citi shares to KHC

Posted on 06 January 2010

From Tradearabia.com: Saudi billionaire Prince Alwaleed bin Talal has transferred his shares in Citigroup worth SR2.24 billion ($597.3 million) to Kingdom Holding Company (KHC), in which he holds a 95-per cent stake, the company said on Tuesday.

‘(Kingdom) announces that it received on Tuesday a donation from Prince Alwaleed in the form of 180 million shares in Citigroup of which the value stands at SR2.24 billion as of end-2009,’ the KHC said in a statement…………………………………….Full Article: Source

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