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Published on 11 February 2016

Al Amoudi prepares for the finale in the SAMIR affair

Al-Amoudi prepares for the finale in the SAMIR affair

The storm clouds are gathering over the head of Mohammed Hussein Al Amoudi, owner of Morocco’s only refining company, SAMIR, which ceased production in August 2015. Faced with legal action by the Moroccan state and suppliers all over the world, who are claiming payment of nearly €2 billion, the Saudi-Ethiopian magnate has now been abandoned by Saudi Arabia, which pleaded his cause for a long time with the Moroccan authorities. Maghreb Confidential looks at the state of play.

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MOROCCO 11/02/2016

Al-Amoudi loses IDB and Saudi backing over SAMIR 

The SAMIR (Société Anonyme Marocaine de l’Industrie du Raffinage) refining company which is already facing legal action by the Moroccan [...]

MOROCCO 14/01/2016

BRED joins the queue of SAMIR creditors 

The difficulties of Moroccan oil refiner SAMIR are being followed [...]

MOROCCO 24/12/2015

Creditors chase SAMIR to London 

Refinery operator SAMIR, which is already mired in legal action in Morocco where the state and its own banks are [...]

MOROCCO 17/12/2015

Baker & McKenzie to advise Holmarcom in SAMIR affair 

Holmarcom, the family holding company headed by Mohamed Hassan Bensalah, [...]

MOROCCO 10/12/2015

Jeantet comes to SAMIR’s rescue 

According to our sources, Morocco’s only oil refiner, SAMIR, has called in Casablanca law firm Jeantet and its partner Laurent [...]

Spotlight MOROCCO 08/10/2015

Who is ready to take Corral's place at SAMIR ? 

Officially, talks aimed at saving SAMIR (Société Anonyme Marocaine de l'Industrie du Raffinage) are continuing between Morocco and the company's principal shareholder, Corral (67% of capital), ahead of an extraordinary general meeting on October 12. [...]

MOROCCO 15/09/2015

Last chance meeting for Samir refinery 

The stakeholders of Samir, the only refinery in Morocco, will [...]

MOROCCO 01/09/2015

Tycoon Al Amoudi ready to slam the door 

On the edge of bankruptcy, Morocco’s lone refinery, Societe Anonyme [...]

MOROCCO 09/07/2015

RAM and Citibank dragged into SAMIR’s New York lawsuit 

The struggling refinery group SAMIR (Societe Anonyme Marocaine de l’Industrie du Raffinage) - it lost €311 million last year - [...]

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