Prince Alwaleed Meets Citigroup’s Corbat in New York
HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) was received by Mr. Mike Corbat CEO of Citigroup at the company Headquarters in New York on Monday 18th November, 2013. The meeting was attended by Mr. Shadi Sanbar, KHC’s Executive Director and CFO and Member of the Investment Committee, Ms. Heba Fatani, Senior Executive Manager, Corporate Communications Department, Dr. Nahla Nasser Alanbar, Private Executive Assistant to HRH the Chairman, Mr. Naief Hussam Alzuhair, Manager, Website and Social Media, Mr. Fahad Bin Saad Bin Nafel, Executive Assistant to HRH the Chairman and Mr. Hani Alagha, Senior Manager Travel and External Affairs
Prince Alwaleed and Mr. Corbat discussed the latest developments in Citigroup and future plans of the company.
In March 2013, Prince Alwaleed received at his office in Riyadh Mr. Corbat, they discussed many topics related to their respective companies. Prince Alwaleed hosted a dinner in honor of Mr. and Mrs. Corbat at Kingdom Resort.
Prince Alwaleed is a prominent investor in Citigroup through KHC which operates in over 160 countries in the world since 1991 and is the largest individual shareholder in the company. In 2008, Prince Alwaleed participated in a $12.5 billion private offering of convertible preferred securities of Citigroup. The new direct investment was made alongside an exclusive group of leading international investors. The Prince converted the preferred shares in 2009 into common shares (voting shares).
Founded in 1980, KHC is a publicly traded company which was listed on Tadawul (the Saudi Stock Exchange) in 2007. KHC is one of the world’s most successful and diversified business organizations, highly respected in the field of investments and recognized as an elite player in the Arabian Gulf region, and internationally. KHC’s portfolio has its major interests in investment categories ranging from luxury hotels and real estate to media and publishing, entertainment, finance and investment services, social media and technology, consumer and retail, petrochemicals, education, private equities, health care, aviation, even agriculture. KHC is among the world’s largest and most diverse investors, with regional and international holdings in many key industries. KHC is recognized as one of the largest foreign investors in the United States.