Riyadh – Mubasher: Saudi Arabia-based Kingdom Holding on Thursday denied that its chairman Alwaleed bin Talal will purchase a stake in a Russian bank, according to a press release.

The statement came during a meeting between bin Talal and Alexey Khotin, the owner of Four Seasons Hotel in Moscow, on Saturday, 12 August.

Bin Talal and Khotin discussed the investment opportunities in Russia, and the coming developments which will be implemented in the Four Seasons Hotel in Moscow.

Kingdom Holding’s stock edged up 0.10%, closing at SAR 10.32 on Thursday.