tradeflow21.com

The epitome of loyalty: Prince Alwaleed – Citi

With his stake in Citigroup (NYSE: C) now self-reported to be less than 4%, Saudi Prince Alwaleed bin Talal bin Abdulaziz Al Saud said Thursday that he will raise it back to 5%, to the same level he purchased back in the early 90′s for around $550M. The decision makes for good conversation in terms of why now, why not earlier, or why at all. But that’s for another time. Let’s not forget that another struggling household name, General Electric (NYSE: GE), which was reported this morning to be looking for SWF funding in Asia, actually has some implicit access to cash from the Gulf, as well.