Saudi prince buys $1 billion more Increases stakes in Citigroup, AOL, Priceline

CBS.MarketWatch.com ^ | March 11, 2002 | Emily Church

[A Vast RightWing Conspirator]

Saudi prince buys $1 billion more
Increases stakes in Citigroup, AOL, Priceline

By Emily Church, CBS.MarketWatch.com Last Update: 8:35 AM ET March 11, 2002

LONDON (CBS.MW) - Over the past six months, Saudi prince Alwaleed Bin Talal invested $1 billion to increase his holdings in Citigroup, AOL Time Warner and Priceline.com, his spokesman said in a statement on Monday.

The prince raised his stake in Citigroup (C: news, chart, profile) by $500 million, bringing his holdings in the bank to around $10 billion. "At about $43, Citi's share price was at too attractive a price," the prince said. He is the largest shareholder in the bank, according to the statement.

He added $450 million to his AOL (AOL: news, chart, profile) holdings, saying in a statement that "the weakness in AOL's stock price is temporary as it reflects the temporary weakness in several areas in which it is involved."

He raised his stake in Priceline.com (PCLN: news, chart, profile) to $100 million and to a 5.4 percent stake. "The aim was to lower his average share price and the latest plunge in price allowed prince Alwaleed to bring that average down to a single digit," the statement read. "Ebay (EBAY: news, chart, profile) and Amazon (AMZN: news, chart, profile), two other companies where we have investment stakes, will also be survivors and will prosper," he said.Emily Church is London bureau chief of CBS.MarketWatch.com.

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[majordivit]

I forgot to add multinational media comglomerates like CNN - AOL Time Warner are also Anti American.

[TopQuark]

THat's good news: we'll have more assets to freeze when they finally betray us.

[timestax]

bump

[E.G.C.]

BTTT!!!!!

[E.G.C.]

BTTT!!!!!

[E.G.C.]

Wjoops, my bad!!!! sorry for the double posts.

[steve50]

The CIA controls the growing areas in Afganistan, the shipment routes thru Bosnia, we will have the coke fields of Columbia by next year...should be a good time for a tried and true drug laundry stock like Citibank.

[japaneseghost]

This Saudi prince is either positioning his investment portfolio to take advantage of the carnage or he's participating in a stealth bailout to keep AOL in the black.

Good guess, but he's doing this for a different reason.
Something way beyond belief.
Think evil.

[knuthom]

Good guess, but he's doing this for a different reason. Something way beyond belief.

Like what?

[mafree]

bump

[stand watie]

evil afoot? who'da thunk it! (sarcasm)

for dixie,sw

[Medium Rare]

The Royal House of Saud does have various investments in Citigroup. Citibank was also used to launder Osama Bin Laden's money

Let us not forget that Fuad el Hibri was in charge of Citibank operations and credit in Saudi Arabia at one time. He was also managing director of Porton Down, the British biowar facility that received the Ames strain of anthrax from the U.S.

El Hibri, of course, is currently the CEO of Bioport, the U.S. counterpart of Porton Down as far as anthrax vaccine is concerned.

[TwoStep]

**Bump**

[Betty Jo]

Like what you ask?

Like the death of us all!

I'm hot on the trail of proving some American nuclear power plants are partially owned by Binnys Boys!

Searching another topic, I fell into this!

Holding companies,partnerships,subsidiaries, yada , yada!

Thousands of innocent Americans have no idea who they are working for!

[Dominic Harr]

bump