Would anyone have info on what proportion of Prince Alwaleed's Citigroup shares have been sold since he first invested in the company in 1991?
Just from his comments in this Nov 10, 2007 report, perhaps he has kept most of them?
http://www.reuters.com/article/businessNews/idUSL1039978820071110
Citigroup Inc's largest individual shareholder, billionaire Saudi Prince Alwaleed bin Talal, regards the bank's share price as ridiculously low and is not selling any shares, a magazine quoted him as saying.
"I will sell nothing. We are selling nothing," Alwaleed was quoted in Fortune magazine as saying of the largest U.S. bank, whose shares have slumped after failing to assure investors that a potential $11 billion write-down for subprime mortgages would not grow.
"I want to make it clear that I fully support the leadership of Citigroup and think it is a very strong company with a good future," he said, according to excerpts of the interview dated November 9 and emailed to Reuters on Saturday.
Just from his comments in this Nov 10, 2007 report, perhaps he has kept most of them?
http://www.reuters.com/article/businessNews/idUSL1039978820071110
Citigroup Inc's largest individual shareholder, billionaire Saudi Prince Alwaleed bin Talal, regards the bank's share price as ridiculously low and is not selling any shares, a magazine quoted him as saying.
"I will sell nothing. We are selling nothing," Alwaleed was quoted in Fortune magazine as saying of the largest U.S. bank, whose shares have slumped after failing to assure investors that a potential $11 billion write-down for subprime mortgages would not grow.
"I want to make it clear that I fully support the leadership of Citigroup and think it is a very strong company with a good future," he said, according to excerpts of the interview dated November 9 and emailed to Reuters on Saturday.