Said Kerimov

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 (1995-07-06) July 6, 1995
Moscow, Russia
OccupationBusinessman
Parent(s)

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 loosing majority shareholder position at Polyus Gold.[1]

Career

In 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]

PJSC Polyus

In 2015, Kerimov became a majority shareholder in Polyus Gold, Russia’s largest gold producer, when his father Suleyman transferred shares over to Said.[6][7][8][9] In the same year Polyus Gold announced that it was delisting from the London Stock Exchange (LSE) and rebranded as PJSC Polyus.[10][11]

In July 2017, Polyus was re-admitted to the London Stock Exchange.[12] As of end 2020, Kerimov owned about 77% shares of the company.[13]

References
  1. "Sanctioned Russian's Family Sells $6 Billion Stake in Gold Miner". Bloomberg.com. 2022-04-06. Retrieved 2022-04-29.
  2. "Russia's Top Theater Network Sold to 19-Year-Old Student". The Hollywood Reporter. Retrieved 2018-02-01.
  3. "Tycoon Alexander Mamut Acquires Russia's Largest Cinema Chain". The Hollywood Reporter. Retrieved 2018-02-01.
  4. "Alexander Mamut has bought Cinema Park". rusletter.com. 2017-03-30. Retrieved 2018-02-01.
  5. "Сын Керимова стал владельцем аэропорта Махачкалы". www.forbes.ru. Retrieved 2018-02-01.
  6. 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.
  7. Reuters Editorial. "UPDATE 1-Co-owner of Russia's Polyus Gold makes offer for remaining 60". U.K. Retrieved 2018-02-01.
  8. MacDonald, Alex (2015-09-02). "Said Kerimov May Buy Up Remaining Polyus Gold Shares". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-02-01.
  9. Reuters Editorial. "UPDATE 1-Co-owner of Russia's Polyus Gold makes offer for remaining 60". U.K. Retrieved 2018-02-01.
  10. "Billionaire's 20-Year-Old Son May Lead $5 Billion Polyus Bid". Bloomberg.com. 2015-09-02. Retrieved 2018-02-01.
  11. Reuters Editorial. "Russia's Polyus tests markets with London and Moscow share sales". U.K. Retrieved 2018-02-01.
  12. "Results of the Offering - RNS - London Stock Exchange". www.londonstockexchange.com. Retrieved 2018-02-01.
  13. "SHAREHOLDER STRUCTURE". Retrieved 2020-12-26.
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