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
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 [...]
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. [...]
Last chance meeting for Samir refinery
The stakeholders of Samir, the only refinery in Morocco, will [...]
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 - [...]