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Prince Al Waleed Bin Talal of Saudi Arabia

He each invested up to $200 million the development of infrastructure and economic activity in Africa Prince Alwaleed’s investment operation, Kingdom Holding Co., has stakes in companies across a range of sectors, including hotels, media and real estate

Who is the largest individual shareholder of Citigroup? CEO Sanford Weill will tell you “I’ve never had an individual shareholder who is as big as he is.” The man Weill is referring to is Prince al-Waleed Bin Talal of Saudi Arabia, the Warren Buffet of Saudi Arabia

He consequently got the contract and invested the entire proceeds in Citigroup at $9 a share His giant stake in Citigroup alone totals a cool $10 billion. (+/- 33%). Like most Saudi Arabians, I myself am a practicing, traditional Muslim, and yet I have liberal views.

I believe that women should of course be allowed to drive cars, and that they should generally have all rights that men have. If you visit the hotel I own in Paris, you’ll find two verses of the Koran displayed in the lobby, right next to the bar, where we serve alcohol. I am the biggest shareholder in Citigroup, the world’s largest bank. Who do you think is the president of Citigroup? He’s a Jew. Many of my friends and business associates are Christians and Jews. Traditionalism and liberalism are not mutually exclusive. But we must be cautious and show respect for all religions.

The purchase of large share of what was considered a conservative station by a Saudi Prince:

Prince Al Waleed Bin Talal, CEO of Saudi Arabia’s Kingdom Holding Company, has purchased 5% of Kuwait Invest Holding Company

Kuwait Invest Holding is part of the Jassim Al-Bahar Group of Companies. Prince Al Waleed invested 5% in IFA’s capital in September 2003. IFA is now worth over US $1 billion

We welcome and are proud of Prince Al Waleed’s investment in Kuwait Invest Holding. This is the second investment in the Kuwait Stock Market by His Highness within a year and it will further strengthen the Kuwait Stock Market.

His interests range from his own construction, hotel and oil firms to the stocks of troubled brand-name firms, including Compaq, Disney and Kodak

He is an entrepreneur and international investor with a net worth estimated in 2006 at $20 billion, and he is ranked as the eighth richest person in the world by Forbes
his holdings in Citigroup now comprises half of his wealth worth US$10 billion.[1] He has also made large investments in AOL, Apple Inc., Worldcom, Motorola, News Corporation Ltd and other technology and media companies

His first big win in 1991: $790 million of depressed Citicorp stock that has grown to an $8 billion stake in what is now Citigroup. And he’s looking for similar opportunities in today’s market.

January 21, 2009 - Posted by | General Articles

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