Saudi billionaire Prince Alwaleed bin Talal is reviewing his investment portfolio, Saudi newspapers quoted him as saying on Wednesday, after his Kingdom Holding Co 4280.SE posted a record loss in the fourth quarter.

"Kingdom Holding Company is working on rebalancing its investments and to redirect them," Asharq al-Awsat newspaper quoted him as saying at a press conference for the Saudi media.

Alwaleed, nephew of King Abdullah, did not elaborate but al-Eqtisadiah newspaper quoted him saying that his investments will focus more on "Saudi Arabia and the region" and he cited particular interest in real estate.

Kingdom Holding's spokeswoman Heba Fatani could not be reached for comment. The company's shares were down 6.10 percent at 0913 GMT.

Kingdom Holding, in which Alwaleed holds a 94 percent stake, shocked investors after it announced a $8.26 billion net loss for the fourth quarter due to a dive in the value of its assets, which include a substantial stake in Citigroup (C.N).

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