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After the attack on Ukraine, Saudi Prince invested 500 million dollars in 3 Russian companies

After the attack on Ukraine, Saudi Prince invested 500 million dollars in 3 Russian companies
After the attack on Ukraine, Saudi Prince invested 500 million dollars in 3 Russian companies

Saudi billionaire Prince Alwaleed bin Talal has invested more than $500 million in Russia’s energy sector. Kingdom Holding under his control made this large investment in the month of the invasion of Ukraine.

According to Bloomberg, Russia Today confirmed the news.

According to a Reuters report, there are three companies – Gazprom, Rosneft and Lukowell. It is believed that Walid invested in it as an undervalued asset.

After the February 24 invasion of Ukraine, many Western countries imposed sanctions on Russia. At that time, the West wanted to side with the neutral position of Riyadh and other Gulf countries, which disappointed them.

In February, Walid invested $36.5 million and $5.2 million in Gazprom and Rosneft, respectively. Apart from this, his investment in Lookwell in February and March is 100.9 million dollars.

The sovereign wealth fund, headed by Crown Prince Mohammed bin Salman, owns 16.9 percent of Walid’s Kingdom Holdings.

Walid gained international recognition by investing in Citigroup in the 1990s. He was one of Apple’s early investors. He has made billions of dollars investing in companies like Uber and Twitter.

According to a source, Al Waleed is always looking for new opportunities; Which is usually profitable but risky. It also tends to be an undervalued asset.

Source: Russia Today


The article is in Bengali

Tags: attack Ukraine Saudi Prince invested million dollars Russian companies

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