Prince of Saudi Arabia al-Waleed bin-Talal al-Saud invested more than 500 million dollars in shares of Russian companies before the start of the Russian military operation in Ukraine.
“Report” informs that “Bloomberg” informs about this with reference to the website of the Saudi Arabian Stock Exchange.
Investment company “Kingdom Holding Co” owned by Shahzade bought depository receipts issued by “Gazprom”, “Lukoil” and “Rosneft” in February.
The specific dates on which the assets were acquired were not disclosed.
It is noted that the value of the securities of these companies fell sharply after the start of the Russian military operation. According to Bloomberg, the Saudi company has not yet responded to a question about whether it owns the assets.