Suleiman Kerimov gave his son an airport

The senator is actively making over the business assets to his 21-year-old heir Said Kerimov.
Origin source
When Suleiman Kerimov created a charity fund named after himself, he promised "to help socially vulnerable and needy young people." However, today the only young man who knows everything about Suleiman's generosity is his son Said, who now owns the best pieces of the Kerimov business empire. Such alienation is the best choice for a senator, who wants both to do business, and to sit in the upper house of parliament. The last of Said Kerimov's assets became Makhachkala airport.
Movies and Polyus

That son of a senator from Dagestan, a 21-year-old Karimov Jr., became the main shareholder of the Makhachkala International Airport, as follows from the database of SPARK-Interfax. On January 11, 2017, he was granted 99.5% of the company Grandeko, which owns the airport.

Makhachkala airport spokesman confirmed that Grandeko is the owner of the airport, refusing to name the owners of the company. Press officers of Grandeko and Suleiman Kerimov's Nafta-Moscow did not comment on the information about the owners.

By 21 year the MGIMO graduate (according to the Institute site, Said Kerimov had to get a degree in the summer of 2016) has two major assets, including Russia's largest gold mining company Polyus, which he has owned since April 2015. It was previously owned by the Suleyman Kerimov's Foundation. In January 2017, Polyus received a license for the development of Russia's largest gold deposit Sukhoi Log.

Said Karimov also owns a network of cinemas Cinema Park, which he bought from Vladimir Potanin in 2014. The transaction amount was not disclosed, but, according to experts, could be worth $300-400 million. In March 2016 it became known that Karimov Jr. decided to expand the business by acquiring the network Formula Kino, but negotiations failed. In mid-January 2017, as reported by the media, Park Cinema network became of interest for the businessman Alexander Mamut. Mamut's representative declined to comment.

Forbes Magazine in 2016 assessed the fortune of Suleiman Kerimov, excluding the airport, at $ 1.6 billion (the total cost of Polyus and Cinema Park). The magazine failed to get an assessment of the airport's cost. 

 Sky of Makhachkala

Joint-stock company Makhachkala International Airport became the operator of the airport in 2014, as follows from the message on the airport site. Prior to that, it was owned by Dagestan Airlines, which in December 2011 was deprived of the flight license by the Federal Air Transport Agency. In 2012, Kerimov-affiliated Nafta-Moscow manifested its interest in the airport. On September 11, 2013 the Arbitration Court of the Republic acknowledged Dagestan Airlines a bankrupt, all its property was put up for an auction, as follows from the materials of the case. According to the files of the arbitration courts of Moscow and Dagestan in 2012-2013 Dagestan Airlines was a defendant in the case of bankruptcy, one of the plaintiffs was Arolia Holdings affiliated with Nafta-Moscow.

The auction took place in June 2014, two companies participated in them. The first application was received from OAO Makhachkala International Airport, the main owner of which was then Doxa Investments Ltd, registered in the British Virgin Islands. The second application filed Northern Sea Route bank (OAO SMP Bank) owned by Arkady and Boris Rotenberg. Bidding took place in a single step, the asset got Makhachkala International Airport for 300 million rubles. The ank representative did not comment on the auction and the interest in the asset.

Formally, at the time there were no ties between Karimov and Doxa; however, in October 2016, the FAS agreed to transfer the shares from the offshore company to Grandeko, owned by Said and Suleiman Kerimov, on a parity basis, according to RBC.

Financial indicators for 2016 of Makhachkala International Airport has not yet been revealed. However, according to the accounting report of the company in 2015, its revenues amounted to only 632.2 thousand rubles, net profit was 3.27 thousand rubles.

In 2016, 869.2 thousand passengers used the airport, 23% more than in 2015, according to the company's message. During 2016 the airport handled 7.7 thousand flights, 9% more than in 2015. Capacity on domestic routes is 200 passengers per hour; on international routes - 60 passengers per hour. Every day from the airport depart eight to ten aircraft to Moscow; four times a week flights are performed in St. Petersburg, and from here you can get in Surgut, Krasnodar, Rostov-on-Don, Kazakhstan and Turkey.

What Kerimov Sr. sold

In 2009, Kerimov bought from Telman Ismailov's AST Group the building of Voentorg"on Vozdvizhenka. Then the deal was estimated at $300 million. In 2010, Karimov transferred the asset to Rybolovlev's entities at the expense of his shares of Uralkali. In 2013, Kerimov sold a 36% stake in PIK Group to the businessmen Sergey Gordeev and Alexander Mamut. Then the sum of the transaction was estimated at approximately $500-600 million. Also in 2013, Kerimov sold 21.75% of shares of Uralkali to the owner of Onexim Mikhail Prokhorov. Package cost was estimated at 115 billion rubles.

In October 2015 Kerimov sold Moscow Hotel, which was estimated at more than 10 billion rubles, to the owners of Gorbushkin Dvor Yuri and Alexey Khotins. Later, in August 2015, Kerimov sold the located in the hotel Fashion Season Gallery to the Khotins. In July 2016 Kerimov was interested in buying 17% UC Rusal from Onexim, but after some time changed his mind, replaced by Sual Partners of Viktor Vekselberg and Leonid Blavatnik.

In December 2016 Kerimov Senior said goodbye to FC Anji, which he had owned since 2011 by transferring it to the President of Makhachkala Dynamo Osman Kadieva with all debts. The football club was unprofitable from 2010 to 2013, but in 2014 became the most successful sports business in Russia; the profit in this period amounted to 4.2 billion rubles.

As reported earlier by Ruspres agency, Fitch rating agency, before its departure from Russia in the past year, estimated Said Kerimov's Polyus long-term rating at the level of speculative grade "BB-" (below the level of creditworthiness sufficient) with a negative outlook. Later, the rating was withdrawn officially, for "commercial reasons". It is worth noting that the low rating of Polyus closed all opportunities to invest the NPF finances.