RIYADH, Saudi Arabia, (AP) — The investment company headed by the Saudi prince who is a major Citigroup shareholder says he discussed investments and future projects with the chief of an arm of Qatar’s sovereign wealth fund.
Prince Alwaleed bin Talal’s Kingdom Holding said Saturday the prince met with Qatar Holding CEO Ahmad al-Sayed in the Saudi capital Riyadh. The company says they discussed the Saudi prince’s existing holdings, “economic and investment issues, and future projects.”
In April, a property company owned by natural gas-rich Qatar’s sovereign wealth fund was part of a $847 million deal for a 40 percent stake in hotel operator Fairmont Raffles Holdings International. The transaction allowed Kingdom Holding to trim its stake in the hotel operator.