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 [...]
Published on 11 February 2016
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
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