Saudi Prince Made Huge Bets On Russian Energy Around Start Of Ukraine War ...Middle East

One of Saudi Arabia’s wealthiest men has been investing in Russian energy companies, Reuters reported, citing a tweet by Kingdom Holding, a Saudi business majority owned by Prince Alwaleed bin Talal. As part of its three-year investment program, Kingdom Holding poured some $360 million into Gazprom, another $109 million into Lukoil, and a bit over $52 million into Rosneft. The investments were made via purchases of American depositary receipts of the three companies. The investments were made between February and March this year. In addition…

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