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Prince Alwaleed Receives Russian Federation State Secretary, Deputy Minister of Energy to Discuss Economic Issues

February 27, 2011

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), received at his office in Riyadh, HE Mr. Yury P. Sentyurin, State Secretary, Deputy Minister, Ministry of Energy of the of the Russian Federation who was accompanied by HE Mr. Oleg B. Ozerov, Ambassador Extraordinary and Plenipotentiary to Saudi Arabia. The meeting was also attended by Dr. Nahla Alanbar, Private Executive Assistant to HRH the Chairman, Mr. Hani Agha, Senior Manager, Travel and External Affairs and Mr. Fahad Al Ofi, Executive Assistant to HRH the Chairman.

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

In conclusion to the meeting, the Deputy Minister thanked HRH and wished him continued success on his endeavors. In return, the Prince wished Mr. Sentyurin 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.