AL BAWABA: The Kingdom Holding Company, owned by the Saudi tycoon Prince Walid bin Talal, reported a $8.26 billion net loss in the fourth quarter of 2008 after a decline in the value of its assets, including a substantial stake in Citigroup. Kingdom Holding said it lost 30.98 billion riyals ($8.26 billion) in the fourth quarter of 2008. That compares with a gain of 255.6 million riyals ($68.2 million) in the same period a year earlier. >>> © 2009 Mena Report (www.menareport.com) | Wednesday, January 21, 2009
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