Pure speculation on my part.
The combination of Prince Alaweed's position as Citi's largest individual investor and this post from May 25: "Qatar wealth fund keen to buy U.S.'s Citigroup shares: report (C)" point toward some action.
The stock is acting strong. When we posted "Citigroup Trapped by Moving Averages As Option Speculators Pour Money In (C)" on Thursday the stock was trading at $3.95. It closed at $4.01 on Friday. This morning it is changing hands at $4.05. That post is worth a look for a couple ideas on what to look for over the next month.
From the AP via the New York Times:
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.From Saudi Gazette:
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.''...
Prince Alwaleed Bin Talal, chairman of Kingdom Holding Company (KHC), said Saturday he has discussed future potential business collaboration with Qatar Holding, the prime vehicle for strategic and direct investments by the Gulf state.HT: to DealBook for both links.
Alwaleed held a meeting in Riyadh with Ahmad Al Sayed, the chief executive of the investment arm of the Qatar Investment Authority (QIA), Doha’s sovereign wealth fund, the Saudi firm said in a statement. The meeting was also attended by senior management from Kingdom Holding and media and hospitality Holding Rotana Group.
The discussions focused on Alwaleed’s “solid regional presence in various sectors, including real estate, hotels and media, locally, regionally and internationally,” the Kingdom Holding statement said.
“The meeting touched upon local, regional and international economic and investment issues, and future projects,” it added.
Alwaleed, who owns 95 percent of Kingdom Holding, has focused his investments on banks, hotels and media firms, building sizable stakes in companies like Citigroup, News Corp, Apple, and Time Warner.
We have a lot of posts on Citi. Here's the Google search of the site.