Saudi investments in the Russian oil and gas sector The Saud | Roscongress Direct

Saudi investments in the Russian oil and gas sector

The Saudi company Kingdom Holding invested more than $500 million in Rosneft, Lukoil and Gazprom in the first quarter of this year. The founder and majority shareholder of the company is Prince Al Waleed bin Talal Al Saud. He owns 78.1% of the shares of a company listed on the Saudi Stock Exchange. Another 16.9% belongs to the KSA Public Investment Fund.

Prince Al Waleed Al Saud is the nephew of the current King of Saudi Arabia, Salman Bin Abdulaziz Al Saud. He also owns stakes in Four Seasons, Citigroup, Twitter, 21st Century Fox, The Walt Disney Company.

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