Kingdom Holding buys Prince Alwaleed’s shares in Citigroup for SAR 1.7B

29/11/2023 Argaam

Kingdom Holding buys Prince Alwaleed’s shares in Citigroup for SAR 1.7B

Logo of Kingdom Holding Co. (KHC) 

Kingdom Holding Co. (KHC) acquired the shares owned by Chairman Prince Alwaleed bin Talal in Citigroup for SAR 1.69 billion ($449.57 million). 

 

Accordingly, KHC raised its stake in Citigroup to 2.2% from 1.63%, the company said in a statement to Tadawul, adding that the deal will be self-financed.  

 

The deal was closed in line with the company’s strategic plan and normal business.

 

Prince Alwaleed bin Talal is a related party, KHC added.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read