Saudi billionaire Prince Alwaleed Bin Talal invested more than $500 million in Russian companies around the time of Moscow’s invasion of Ukraine, a sign of the careful political stance the Gulf state is taking has maintained with its OPEC+ partner.
Prince Alwaleed’s investment firm, Kingdom Holding Co., acquired the depository receipts issued by Gazprom PSJC, Lukoil PJSC and Rosneft PJSC in February, according to a stock exchange filing. Russia invaded Ukraine on February 24th.