Saudi Alwaleed reiterates support to Citi's Pandit

RIYADH Sat Feb 27, 2010 7:37am EST

Citigroup Chief Executive Vikram Pandit speaks during the opening of a new branch in Hong Kong February 3 2010. REUTERS/Bobby Yip

Citigroup Chief Executive Vikram Pandit speaks during the opening of a new branch in Hong Kong February 3 2010.

Credit: Reuters/Bobby Yip

RIYADH (Reuters) - Prince Alwaleed bin Talal, a prominent Saudi investor in Citigroup (C.N), reiterated on Saturday his support the bank's management led by Chief Executive Vikram Pandit.

"Prince Alwaleed emphasized his support of Pandit and Citigroup's management," Alwaleed's Kingdom Holding Co 4280.SE said in a statement.

Prince Alwaleed met Pandit in Saudi Arabia. Pandit also met the kingdom's Finance Minister Ibrahim al-Assaf and the head of its central bank Muhammad al-Jasser, added Kingdom in the statement without giving more details.

(Writing by Souhail Karam)