Kingdom Holding Company Bet on Russia Back in Feb 2022
Posted on 08/15/2022
Kingdom Holding Company purchased depositary receipts issued by Gazprom PSJC, Lukoil PJSC and Rosneft PJSC in February 2022, according to a stock exchange filing. Russia invaded Ukraine on February 24, 2022. Kingdom Holding invested 1.37 billion riyals in Gazprom’s American depositary receipts in February 2022, the biggest stake of those disclosed so far this year.…
