Kingdom Holding increases its Citigroup shares 

RIYADH: Saudi Arabia’s Prince Alwaleed bin Talal’s Kingdom Holding Co. has raised its ownership in Citigroup from 1.63 percent to 2.2 percent after acquiring about $450 million from the billionaire’s stake in the bank. 

According to a statement on Tadawul, published on Nov. 29, the firm purchased the Citigroup shares owned by the company’s chairman with a total value of over SR1.68 (more than $449 million) to support its strategic plans, and with the transaction execution date set for Nov. 28. 

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