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Prince Alwaleed Receives Russian Federation Ambassador to Discuss Economic Issues

December 13, 2010

HRH Prince Alwaleed bin Talal bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), received at his office in Riyadh, His Excellency 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 Ambassador Ozerov discussed the economic relations between their respective countries and the efforts made by both countries to maintain it. The Ambassador invited Prince Alwaleed to explore investments opportunities in Russia and in response; the Prince welcomed the Mr. Ozerov’s ideas future potential.

In conclusion to the meeting, the Ambassador presented the Prince with a commemorative gift and wished him continued success in all his charitable and intercultural efforts. In return, the Prince wished the Ambassador all the best and asked him to relay cordial regards to the President and the Prime Minister.

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