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Prince Alwaleed Receives Russian Ambassador to Discuss Investment Issues

October 8, 2011

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), received at his office in Riyadh, HE Mr. Oleg B. Ozerov, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to Saudi Arabia. The meeting was also attended by Dr. Nahla Alanbar, Private Executive Assistant to HRH the Chairman.

The meeting began as Mr. Ozerov thanked Prince Alwaleed for giving him the opportunity to meet him. HRH and Mr. Ozerov discussed the economic relations between their respective countries and the efforts made by both countries to maintain it. Moreover, the Ambassador invited Prince Alwaleed to explore potential investments co-operation in Russia.

In conclusion to the meeting, Mr. Ozerov thanked HRH and wished him continued success on his endeavors. In return, the Prince wished him all the best and asked him to relay cordial regards to the President and the Prime Minister.

In February 2011, Prince Alwaleed received HE Mr. Yury P. Sentyurin, State Secretary, Deputy Minister, Ministry of Energy of the of the Russian Federation and an accompanying delegation.

The Prince’s investments through KHC in Russia include investments in the hotel sector through Swisssotel, and in the banking sector through Citigroup.