Date:21/11/2008 URL: http://www.thehindu.com/2008/11/21/stories/2008112157871800.htm

Business

Saudi Prince to raise stake in Citigroup

NEW YORK: Saudi Prince Alwaleed bin Talal on Thursday said he planned to increase his stake in Citigroup to 5 per cent and expressed support of the bank’s management. Prince Alwaleed, who now holds less than 4 per cent stake, has been buying shares of Citi believing they are undervalued.