As confirmed by Kuwait's sovereign wealth fund, after making a profit of a whopping $1.1 Billion, the stake in held in Citigroup has been sold off by the fund. The stake was acquired by Kuwait after it had provided a major bail-out to the giant banking group of America.

The stake has been sold for $4.1 Billion, as has been confirmed by the Kuwait Investment Authority.

The stake in Citigroup was acquired by Kuwait when the global financial crisis was at its peak in January 2008 for $3 Billion, and the investment was later converted into ordinary shares. The share's selling price represents a 37% return on the investment made, within a period of less than 2 years.

Sovereign wealth funds from all over the world had helped banks in Europe and the US cope with the sudden meltdown and financial crisis when the markets crashed and bad debts were mounting, with each fund getting a piece in the bank it had helped.

Citigroup is now slowly stabilizing again, with its shares hitting a new high of $17.40 on Friday, after falling below $5 earlier this year.