Saudi billionaire Prince Alwaleed bin Talal, head of Kingdom Holding <4280.SE> and shareholder in Citigroup , said the U.S. bank had put the worst behind it and was now on the right path.

Alwaleed said the recent capital decrease at Kingdom, in which he holds a 95 percent stake, would cancel all accumulated losses at the diversified investment firm, and that results for the last quarter and full-year 2009 would be positive.

Alwaleed, one of the world's wealthiest individuals, said he expected positive results from Citigroup in 2011.

(Reporting by Souhail Karam and Ulf Laessing; writing by Thomas Atkins; editing by Amran Abocar)