April 13, 1993 |
Saudi Prince Said to Have Sold Huge Citicorp Stake: Saudi Prince Alwaleed Bin Talal Al Saud sold half of his stake in Citicorp common shares for a profit of $156.2 million, his financial and legal adviser Faissal Fahad said. The Prince had owned 16.6 million, or 4.3%, of Citicorp's common shares, according to a Feb. 18 filing with the Securities and Exchange Commission. He also owned preferred shares that convert into 36.875 million, or 9.14%, of Citicorp common.
August 27, 1999 |
U.S. stocks are too rich for at least one prince's royal blood. Billionaire Saudi Prince Alwaleed Bin Talal, the biggest shareholder of Citigroup Inc. and Apple Computer Inc., says the U.S. market is so expensive that he won't make any new investments for the foreseeable future. Alwaleed, 42, who estimates his fortune at $14.5 billion, said he expects a "major correction" in stocks and will wait until it occurs before buying a large stake in another company.
August 4, 1998 |
Mediaset, Italy's largest private television company, Rupert Murdoch's TV companies, Germany's Kirch Group and Saudi Prince Alwaleed bin Talal are in talks to create a European TV powerhouse, officials at some of the companies said. One of the ideas under discussion involves the purchase of stakes in debt-laden Kirch, Germany's second-largest media company, by Mediaset; British Sky Broadcasting, England's biggest pay TV company, controlled by Murdoch's News Corp.
July 27, 2005 |
Saudi Prince Alwaleed bin Talal is donating about $20 million toward the building of an Islamic art wing at the Louvre, the largest-ever gift to the museum in what Alwaleed described as "an investment" to better explain the Islamic world to Europeans. The gift accounts for nearly one-third of the $66 million the Louvre plans to spend on its new Islamic art galleries, to open in 2009. The rest of the funding is coming from the French government and several French corporations.
December 25, 1997 |
Saudi Arabia's Prince Alwaleed bin Talal plans to invest in Microsoft Corp. Chairman Bill Gates' Teledesic Corp., a statement from the billionaire investor's office said. "Prince Alwaleed plans to invest in a joint project with Teledesic to finance and launch a network of . . . satellites that will transmit voice, data and the Internet to cover every spot on Earth," said the statement from his office in the Saudi capital, Riyadh.
February 22, 1991 |
A 36-year-old billionaire Saudi prince is investing a staggering $590 million in Citicorp that eventually could give him nearly 15% ownership of the nation's largest banking firm, Citicorp disclosed late Thursday. Citicorp identified the investor as Prince Alwaleed Bin Talal, a California-educated businessman who made much of his fortune in construction. The deal, which has been cleared by federal regulators, is one of the largest investments in banking history.