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Saudis back Citigroup

Prince Alwaleed bin Talal, a prominent Saudi investor in Citigroup, reiterated on Saturday his support of the bank's management led by Chief Executive Vikram Pandit. “Prince Alwaleed emphasised his support of Pandit and Citigroup's management,” Alwaleed's Kingdom Holding 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.