Said Kerimov (born July 6, 1995) is a Russian businessman who is the son of Russian billionaire and politician Suleyman Kerimov. In 2015, he became a majority shareholder in Polyus Gold, Russia’s largest gold producer, when his father transferred shares over to Said.
Said Suleymanovich Kerimov | |
|---|---|
| Born | July 6, 1995 Moscow, Russia |
| Occupation | Businessman |
| Father | Suleyman Kerimov |
During the 2022 Russian Invasion of Ukraine, Kerimov resigned from the board of Polyus Gold on first week of April 2022, while at the same time his family sold its stake in the company worth $6.3 billion which resulted in the family losing majority shareholder position at Polyus Gold.[1]
Career
editIn 2014, Kerimov acquired Russia's cinema chain, Cinema Park from Vladimir Potanin for an estimated $385 million.[2] Cinema Park was sold in 2017 to Alexander Mamut.[3][4]
In 2017, Kerimov took over the control of bankrupt Makhachkala Airport.[5]
Sanctions
editIn January 2023 Japan imposed sanctions on Said Kerimov.[6]
PJSC Polyus
editIn 2015, Kerimov became a majority shareholder in Polyus Gold, Russia’s largest gold producer, when his father Suleyman transferred shares over to Said.[7][8] In the same year Polyus Gold announced that it was delisting from the London Stock Exchange (LSE) and rebranded as PJSC Polyus.[9][10]
In July 2017, Polyus was re-admitted to the London Stock Exchange.[11] As of end 2020, Kerimov owned about 77% shares of the company.[12] In 2021 he sold part of his stake and gave the remaining to the Fund for support of Islamic foundations.[13]
References
edit- ^ Pendleton, Devon (2022-04-06). "Sanctioned Russian's family sells $6 billion stake in gold miner". Bloomberg.com. Retrieved 2022-04-29.
- ^ Holdsworth, Nick (November 13, 2014). "Russia's top theater network sold to 19-year-old student". The Hollywood Reporter. Retrieved 2018-02-01.
- ^ Kozlov, Vladimir (March 30, 2017). "Tycoon Alexander Mamut acquires Russia's largest cinema chain". The Hollywood Reporter. Retrieved 2018-02-01.
- ^ Afanasyeva, Anna (29 March 2017). "Александр Мамут купил «Синема Парк»" [Alexander Mamut bought Cinema Park]. Kommersant (in Russian). Retrieved 16 May 2024. Translated and republished as "Alexander Mamut has bought Cinema Park". rusletter.com. 2017-03-30. Archived from the original on 2018-02-02. Retrieved 2018-02-01.
- ^ Lyalikova, Anastasia (14 February 2017). "Сын Керимова стал владельцем аэропорта Махачкалы" [Kerimov's son became the owner of Makhachkala airport]. Forbes.ru (in Russian). Retrieved 2018-02-01.
- ^ Government of Japan (27 January 2023). "ウクライナ情勢に関する外国為替及び外国貿易法に基づく措置について" [Measures based on the Foreign Exchange and Foreign Trade Law regarding the situation in Ukraine] (PDF) (in Japanese). Retrieved 7 February 2023.
- ^ MacDonald, Alex (2015-09-02). "Said Kerimov may buy up remaining Polyus gold shares". The Wall Street Journal. ISSN 0099-9660. Retrieved 2018-02-01.
- ^ Devitt, Polina; Asonova, Diana (September 30, 2015). "Co-owner of Russia's Polyus Gold makes offer for remaining 60". Reuters. Moscow. Archived from the original on 2018-02-02. Retrieved 2018-02-01.
- ^ Fedorinova, Yuliya (2015-09-02). "Billionaire's 20-year-old son may lead $5 billion Polyus bid". Bloomberg.com. Retrieved 2018-02-01.
- ^ Devitt, Polina (June 5, 2017). "Russia's Polyus tests markets with London and Moscow share sales". Reuters. Moscow. Archived from the original on 2018-02-02. Retrieved 2018-02-01.
- ^ Drozdov, Victor; Vasilyeva, Victoria (2 August 2017). "Polyus announces results of the offering following stabilisation period". Regulatory News Service (Press release). Archived from the original on 2017-08-08. Retrieved 2018-02-01.
- ^ "Shareholder structure". polyus.com. Archived from the original on 2021-01-27. Retrieved 2020-12-26.
- ^ Drozdov, Victor (13 May 2022). "Changes in shareholder structure" (Press release). Polyus. Retrieved 2022-08-21.