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Kingdom Holding Co. Announces Purchase of Citi Group shares at the value of SAR 1,685,868,750 (USD 449,565,000) from HRH Prince Alwaleed bin Talal bin Abdulaziz al Saud.

4280
KINGDOM
0.00 %
1445/05/15     29/11/2023 08:26:22

Element ListExplanation
Introduction Kingdom Holding Company (KHC) announces the purchase of Citi Group shares owned by the company’s chairman, HRH Prince Alwaleed bin Talal bin Abdulaziz al Saud, with a total value of SAR 1,685,868,750 (USD 449,565,000)
Transaction Details The company purchased Citi Group shares valued at SAR 1,685,868,750 (USD 449,565,000) from a related party, increasing (KHC) ownership in Citi Group from 1.63% to 2.2%
Transaction Value SAR 1,685,868,750 (USD 449,565,000)
Transaction Terms None
Parties of the Transaction 1- HRH Prince Alwaleed bin Talal bin Abdulaziz al Saud, Chairman of Kingdom Holding Company

2- Kingdom Holding Company

Transaction Funding Method Company's internal resources
Transaction Execution Date 2023-11-28 Corresponding to 1445-05-14
Description of the Business of the Asset forming the Subject Matter of the Transaction Banking and financial services
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction Citi Group is a public company listed on the New York Stock Exchange; all financial information can be found here: https://www.citigroup.com/global/investors/annual-reports-and-proxy-statements
Transaction reasons The transaction supports the company's strategic plans.
Expected Impact of the Transaction on the Company and Its Operations KHC is an investment holding company, and this transaction is in the ordinary course of business
Related Parties HRH Prince Alwaleed bin Talal bin Abdulaziz al Saud, Chairman of Kingdom Holding Company
Additional Information None

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Key Parameters
Last Price 8.34
Net Change 0.0 (0.0%)
Value Traded (Sar) 612,369.28
Volume Traded 73,434
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