February 27, 2010 / 12:38 PM / 9 years ago

Saudi Alwaleed reiterates support to Citi's Pandit

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.

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

“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

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