Opening Asia for Russia

saudov

15.08.2022 ТАСС 80 просмотров

A Saudi investor has invested more than $500 million in Russian energy companies this year.


Saudi Kingdom Holding Company founded by PrinceAl Waleed bin Talal Al Saud, invested more than $500 million in Rosneft, Lukoil and Gazprom in the first quarter of this year. This is stated in the message of Kingdom Holding, published on its Twitter page on Sunday.


In the period from February 22 to March 22, the Saudi investment company acquired American depositary receipts of Gazprom in the amount of 1.37 billion rials (about $ 365 million), American depositary receipts of Lukoil in the amount of 409.86 million rials (about $ 109 million), as well as global depositary receipts of Rosneft in the amount of 195.76 million rials (about 52 million dollars).


PrinceAl Waleed bin Talal Al Saud is the nephew of the current King of Saudi Arabia Salman bin Abdulaziz Al Saud. He owns stakes in Four Seasons, Citigroup, Twitter, 21st Century Fox, The Walt Disney Company. He also owns several hotels in Paris and New York.

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