BANKING & FINANCE - April 13, 1993

Saudi Prince Said to Have Sold Huge Citicorp Stake: Saudi Prince Alwaleed Bin Talal Al Saud sold half of his stake in Citicorp common shares for a profit of $156.2 million, his financial and legal adviser Faissal Fahad said. The Prince had owned 16.6 million, or 4.3%, of Citicorp’s common shares, according to a Feb. 18 filing with the Securities and Exchange Commission. He also owned preferred shares that convert into 36.875 million, or 9.14%, of Citicorp common. He has not yet converted any preferred stock and has “no immediate plans” to convert any, Fahad said.