Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), has congratulated Mike Corbat, CEO of Citigroup for Citigroup’s Q2 positive results.

Prince Alwaleed and Corbat discussed the latest developments in Citigroup and the company’s future plans.

In 2013, Prince Alwaleed was received by Corbat at the company headquarters in New York.

Also in 2013, Prince Alwaleed received at his office in Riyadh Corbat, they discussed various topics related to their respective companies.

Prince Alwaleed hosted a dinner in honor of and Corbat at Kingdom Resort.

Prince Alwaleed is a prominent investor in Citigroup through KHC which operates in over 160 countries in the world since 1991 and is the largest single shareholder in the company.

In 2008, Prince Alwaleed participated in a $12.5 billion private offering of convertible preferred securities of Citigroup.