Business and Capital Market Analysis !!!

Rich Saudi Arabian prince, Alwaleed bin Talal will save Citigroup. The largest individual shareholder of Citigroup is willing to inject funds into the bank's.

The inject will increasing ownership to be 5 percent from the current less than 4 percent. Shares of Citigroup, which previously fallen to 23%, now rise 21 cents to US $6.61 in pre-opening transactions Thursday (20/11/2008).

In his statement, Prince Alwaleed said that he believes Citigroup shares have been dramatically undervalue plummet to 90 percent since 2006. Citigroup market capitalization now only remaining US $34.9 billion.

By this calculation, Prince Alwaleed will inject up to US $349 million, based on the closing market price yesterday.

"The Bank will take all steps necessary to put these companies face many challenges in the banking industry and the global economy," said prince Alwaleed, as quoted from Reuters, Thursday (20/11/2008).

Prince Alwaleed was to reduce the portion of the shares at the end of 2007. However, in early 2008, Citigroup capital increase of about US $50 billion from several sovereign wealth funds and other investors including the Prince Alwaleed. Citigroup recently also received bailout package US $25 billion from the US government.

Shares of Citigroup since this year has fallen to 78%. With bad debts problem, Citigroup announced to axe 52,000 jobs had make shares of Citigroup plummet to the lowest point in 13 years in the trade yesterday.