Aircraft
Riyadh, Moscow Agree To Establish Aircraft Leasing Company
The joint leasing enterprise between Russia and Saudi Arabia also involves a German financial group.

In the wake of Vladimir Putin’s visit to Riyadh on October 14 and 15, the Russian Direct Investment Fund (RDIF) and its counterpart in the Kingdom of Saudi Arabia—the Public Investment Fund (PIF)—has established ROAL aircraft leasing company, a joint enterprise also involving the KGAL financial group of Germany. The announcement about the establishment of ROAL came during an October 14 meeting between Putin and Saudi King Salman bin Abdulaziz Al Saud, as they witnessed more than 20 agreements worth $2 billion. RDIF and PIF also made public their decision to invest $600 million in ROAL.


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