The head of RDIF Kirill Dmitriev awarded the Order of King Abdulaziz
Riyadh, October 5, 2019 - The CEO of the Russian Direct Investment Fund (RDIF), the sovereign fund of the Russian Federation, Kirill Dmitriev has received the King Abdulaziz Second-Class Order of Merit. The ceremony was held by the Crown Prince, Minister of Defence of Saudi Arabia, Mohammed bin Salman Al Saud.
Kirill Dmitriev received the highest award of the Kingdom of Saudi Arabia by the order of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud in recognition of his contribution to strengthening cooperation between the Russian Federation and Saudi Arabia. Kirill Dmitriev is the first Russian citizen to be honoured with this award after the Russian President Vladimir Putin, who received the King Abdulaziz Highest Order of Merit during his visit to Saudi Arabia in 2007.
The award ceremony was held in Riyadh and was attended by Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy; Prince Abdullah bin Bandar bin Abdulaziz, Minister of National Guard and Minister of State and Cabinet Member Dr. Musaed bin Mohammed Al-Aiban.
The ceremony took place on the eve of the visit of the President of the Russian Federation Vladimir Putin to the Kingdom of Saudi Arabia.
The Order of King Abdulaziz is awarded for outstanding services to Saudi Arabia and is the highest Saudi national order. To belong to the order is the highest distinction and honour in the Kingdom of Saudi Arabia.
By Russian presidential decree, Kirill Dmitriev was also awarded the Russian Order of Alexander Nevsky in 2017, for his great contribution to the implementation of international investment projects in Russia and the country’s socio-economic development. In 2018, Kirill Dmitriev was awarded the title Chevalier of the National Order of the Legion of Honour by the President of the French Republic, Emmanuel Macron.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
“I am honored to receive the highest award of the Kingdom of Saudi Arabia. Relations between our countries are developing intensively in all areas of bilateral cooperation, and I am extremely grateful for such a high recognition of the efforts of the Russian Direct Investment Fund. Relations between Russia and Saudi Arabia are built on a solid foundation of friendship and mutual trust. I am convinced that strengthening not only economic, but also cultural partnerships will mutually enrich the peoples of the Russian Federation and the Kingdom of Saudi Arabia and will allow us to realize the huge potential of cooperation and significantly increase the number of joint projects in the future.”
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totaling more than RUB1.5 tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 800,000 people and generate revenues which equate to more than 6% of Russia’s GDP. RDIF established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than $40 bn. Further information can be found at www.rdif.ru
For additional information contact:
Arseniy Palagin Maria Shiryaevskaya / Andrew Leach
Russian Direct Investment Fund Hudson Sandler
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