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 [...]
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.
The SAMIR (Société Anonyme Marocaine de l’Industrie du Raffinage) refining company which is already facing legal action by the Moroccan [...]
The difficulties of Moroccan oil refiner SAMIR are being followed [...]
Refinery operator SAMIR, which is already mired in legal action in Morocco where the state and its own banks are [...]
Holmarcom, the family holding company headed by Mohamed Hassan Bensalah, [...]
According to our sources, Morocco’s only oil refiner, SAMIR, has called in Casablanca law firm Jeantet and its partner Laurent [...]
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. [...]
The stakeholders of Samir, the only refinery in Morocco, will [...]
On the edge of bankruptcy, Morocco’s lone refinery, Societe Anonyme [...]
The struggling refinery group SAMIR (Societe Anonyme Marocaine de l’Industrie du Raffinage) - it lost €311 million last year - [...]