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FINANCIAL NEWS
Saudi investor protests for Moscow’s support for Assad, ends deals
30 Jul 2012
(MENAFN) Saudi tycoon Mubarak Swaikat has scrapped a number of multi-million dollar petrochemical contracts with around 20 Russian companies, in protest for Moscow government’s support for Assad’s regime in Syria, Arabian Business reported.
Citing Kuwaiti news site Al Aan, Swaikat affirmed his move was based on his personal decision to support those fighting in Syria.
Tensions between Riyadh and Moscow have heated over the ongoing fighting in Syria. In March Saudi officials hit back at Russian allegations the Kingdom was supporting terrorism in Syria.
Russia and China have continually vetoed UN moves calling on Syrian President Bashar Al-Assad to give up power.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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