Mohammed al amoudi news 07 billion, now totaling $8. Ethiopia’s Office of the Prime Mohammed Al Amoudi He has a reported net worth of $8. May 7, 2018 · Dr. Gold surge adds $3 billion to three family fortunes Saudi Arabia’s Mohammed Al Amoudi and Russia’s Alexander Nesis and Suleiman Kerimov have the largest exposure to gold among the world’s wealthiest people. ” Timeline of Amoudi’s detention in Saudi – Ethiopian perspective November 6, 2017 – Saudi confirms arrest of Al-Amoudi and others. With an estimated net worth of $9. The commercial and contracting companies and property development businesses within the current Midroc Europe Group will now be branded Granitor to differentiate the companies from Mohammed’s holdings outside Europe. 07 billion, Al Amoudi’s business interests span energy, mining, agriculture, and real estate, making him a key figure in global industries and one of the Mar 16, 2018 · He supplies coffee to Starbucks. Jemal Ahmed CEO, Midroc Investment Group Sep 16, 2013 · Mohammed Hussein Al Amoudi: the official website for his personal philosophy, philanthropic activities, business philosophy, and news. 06 billion on March 28 to $9. 76 billion, according to Bloomberg. His stake in Preem, Sweden’s top energy firm, has appreciated by $600 million in 2024, contributing Jan 28, 2019 · Saudi Arabia has freed Saudi-Ethiopian businessman Mohammed Hussein al-Amoudi more than 14 months after he was detained in a crackdown on corruption, the latest in a flurry of releases as the Apr 4, 2025 · VARO Energy has agreed to acquire Corral Petroleum Holdings AB, marking Ethiopian billionaire Mohammed Al-Amoudi’s exit from Sweden’s energy sector. 29 billion, with weaker margins and downtime impacting profits. 4 billion, reinforcing his status among the world’s wealthiest individuals. On Monday, the International Centre for Settlement of Investment Disputes (ICSID) dismissed the majority of claims brought by Corral Morocco Holding against the Moroccan state regarding the SAMIR refinery. Jan 4, 2025 · MIDROC Investment Group, owned by Ethiopian-born Saudi billionaire Mohammed Al-Amoudi, is investing over 26 billion Ethiopian birr (approximately US $200 million) to build a modern gold processing factory in Ethiopia. 4 billion, according to the Bloomberg Billionaires Index. Hundreds of thousands of Ethiopian farmers were evicted from their land and their land were given to Al Amoudi’s huge rice farms. 83 billion from October 21 to November 11, 2023, surging from $5. According to a statement from the Ministry of Economy and Finance, the ICSID awarded Corral only $150 million in Mohammed Al Amoudi, is Ethiopia's richest person and at one point was the second richest black person in the world. Al-Amoudi’s Wealth and Forbes Ranking According to the latest Forbes ranking, Mohammed Al-Amoudi’s wealth is estimated at $8. His net worth now stands at $9. 5m deal with Houston-headquartered Vaalco Energy, Saudi-Ethiopian businessman Mohammed Hussein Ali Al-Amoudi is selling Svenska Petroleum Exploration, his Sweden-based oil company that has been up for sale since bankruptcy proceedings were launched against Al-Amoudi’s Petroswede in early 2023 Jan 2, 2025 · Toronto – MIDROC Investment Group, a company owned by Ethiopian born Saudi Billionaire Mohammed Al-Amoudi, is reportedly spending over 26 billion Ethiopian birr ( over $US200 million) on a factory to process gold mining. Sep 17, 2025 · What is Mohammed Al Amoudi's net worth? Mohammed Al Amoudi is an Ethiopian-Saudi billionaire businessman who has a net worth of $8 billion. The building is dedicated to W/ro Rukiya Mohammed Yasin, the mother of Sheikh Mohammed Hussein Ali Al Amoudi, Chairman and Owner of MIDROC Ethiopia. ”. Feb 17, 2025 · Ethiopia’s richest man, Mohammed Al-Amoudi, has bounced back from a $320-million loss in 2024, adding more than half a billion dollars to his fortune since the start of 2025. , sole agent of Toyo tires in the Kingdom, participated in the Young Traders Project as the official sponsor. S. Oct 7, 2023 · Abnet's Arrest Adds Fuel to Feud with Al-Amoudi Oct 7 , 2023 Abnet Gebremeskel, a long-time confidant-turn-adversary of Mohammed Ali Al-Amoudi (Sheihk), has been arrested by the federal police in a move that seems part of a broader probe into his investment activities. While … Nov 10, 2023 · Sheikh Mohammed Hussein al-Amoudi, a Saudi-born millionaire from Ethiopia, is pictured sitting with Ethiopian Prime Minister Abiy Ahmed; the images are making the rounds on social media. Aug 30, 2025 · Nabil bin Mohammed Al-Amoudi Opinion Amal Albawardi The case for a clear legal definition of environmental crime Jan 23, 2025 · As of January 23, 2025, Mohammed Al Amoudi is ranked 317th on the Bloomberg Billionaires Index, placing him firmly among the world’s top 400 billionaires. Apr 23, 2025 · Key PointsVARO Energy has agreed to acquire Corral Petroleum Holdings AB, marking Ethiopian billionaire Mohammed Al-Amoudi’s exit from Sweden’s energy sector. Apr 15, 2020 · The school has now been awarded ‘level 3’ standard by Department of Education inspectors. 34 billion amid declines in energy market valuations. Sep 13, 2025 · Ethiopian born Saudi billionaire Mohammed Al Amoudi announced that he will be embarking on mega projects and visit Ethiopia. Jan 29, 2025 · Five-year-old Nadia Mohammed al-Amoudi was killed and three people were wounded after the Israeli army shelled a horse cart late on Monday in al-Jisr, west of the Nuseirat refugee camp, the Wafa news agency reported. 46 billion on January 1. Apr 13, 2024 · Mohammed Al-Amoudi, Ethiopia’s wealthiest individual, has witnessed a significant boost in his net worth over the last 15 days, consolidating his status as one of the world’s richest Black people and one of Africa’s wealthiest billionaires. Aug 1, 2025 · The Ethiopian conglomerate owned by billionaire Sheikh Mohammed Hussein al-Amoudi, whose Swedish assets were recently sold to Varo Energy, is seeking fresh funds. 7-billion claim rejection in the SAMIR oil refinery dispute. Jan 27, 2010 · Mohammed Hussein Al-Amoudi, one of the world’s richest men, was born in Ethiopia to a Yemeni father and Ethiopian mother and received Saudi citizenship in the mid 1960s. Alamudin New Wife Alamudin Family He was born in Ethiopia in 1946 to a Yemeni father and an Ethiopian mother. 57 billion, up from $5. Al-Amoudi's Preem stake lost $1 billion in value, reducing his top asset to $3. Mohammed Hussein Al Amoudi: the official website for his personal philosophy, philanthropic activities, business philosophy, and news. The encounter, marked by luxurious surroundings and traditional hospitality, included key officials such as Finance Minister Ahmed Shide, National Security Advisor Redwan Hussien, Security Chief Temesgen Tiruneh, and Mohammed Al Amoudi is Chairman/Owner at Midroc Ethiopia PLC. Oct 5, 2023 · Following instructions from Preem's ultimate owner, Sheikh Mohammed Hussein Al Amoudi, Corral Petroleum Holdings AB (“CPH”) announces that a process aimed at exploring strategic options, including the potential sale of Preem Holding AB/Preem AB (“Preem”) has been initiated. Jan 27, 2019 · The Saudi government has released Sheikh Mohammed Hussein al-Amoudi, an Ethiopian-born billionaire who was arrested in November 2017, in an anti-corruption sweep. Feb 25, 2024 · Ethiopia’s richest man Mohammed Al-Amoudi gains $130 million in two weeks The surge in his fortune propels Al-Amoudi to 259th place on the prestigious list of the world’s 500 wealthiest billionaires. Al-Amoudi, 72, was detained more than 14 months ago as a result of Crown Prince Mohammed bin Salman’s crackdown on corruption along with dozens of princes, officials and Mohammed Hussein Al Amoudi: the official website for his personal philosophy, philanthropic activities, business philosophy, and news. Corral Group eyes sale of Preem, as Al-Amoudi shifts focus to renewables amid recent financial and legal challenges. His net worth has risen to $5. Al-Amoudi’s fortune rises by $578 million in 2024, nearing $10 billion, driven by robust holdings in Ethiopia, Saudi Arabia, and Sweden. May 4, 2018 · The late Saudi King Abdullah bin Abdul Aziz had instructed Al Amoudi to launch massive agriculture projects in Ethiopia to ensure dependable and cheap supply of rice and meat for Saudi Arabia. Sep 10, 2022 · This will be the first major real estate investment made by the company owned by Ethiopian-bord Saudi Billionaire Sheikh Mohammed Al-Amoudi. 2 billion, leading to his removal from Bloomberg’s esteemed 500 richest list. 7 billion, equating to approximately MAD 27 billion. Feb 9, 2024 · Ethiopia’s richest man Mohammed Al-Amoudi gains $220 million within 72 hours The primary driver behind this surge is attributed to the robust performance of his diverse industrial assets across Sweden, Saudi Arabia, and Ethiopia. Abinet Gebremeskel, a close confidant of Mohammed Hussein Al-Amoudi (Sheikh) for over three decades, has left the MIDROC Ethiopia Group in all but clear circumstances. The Grand Court of the Cayman Islands had ordered the winding-up of Amoudi Aviation, following a petition submitted one month earlier by Deutsche Bank Luxembourg. Global Nov 11, 2024 · Ethiopia’s richest man, Mohammed Al-Amoudi, saw his net worth drop by $1. On Monday, the International Centre for Settlement of Investment Disputes (ICSID) dismissed the majority of Corral Morocco Holding’s claims against the Moroccan state over the SAMIR refinery. 8 billion in 2024 revenue The company reported lower revenue and profit for the second straight year, reflecting weaker refining margins and a challenging market environment. Whitepages found 115 people named Mohammed Al Amoudi in the U. See Mohammed Al Amoudi's compensation, career history, education, & memberships. Mar 19, 2018 · The Saudi authorities continue to detain Saudi billionaire, Mohammed Al-Amoudi; the largest investor in Ethiopia’s Renaissance Dam, the New York Times reports. Apr 15, 2024 · In the ongoing legal saga between billionaire Sheikh Mohamed Ali Al Amoudi and his ex-partner and close friend Abinet Gebremeskel, a judge has ruled in the tycoon’s favor in relation to the Bole Tower PLC case. Jan 27, 2019 · Saudi Arabia has freed Saudi-Ethiopian billionaire Mohammed al-Amoudi, more than a year after the tycoon was detained under the kingdom’s controversial anti-corruption campaign. Jan 31, 2019 · Saudi authorities have released Saudi-Ethiopian billionaire Mohammed Hussein Al-Amoudi after more than 14 months in detention, initially in the Ritz-Carlton Hotel in Riyadh, in the corruption purge ordered by Crown Prince Mohammed Bin Salman Bin Abdelaziz Al-Saud. See Mohammed Al-Amoudi's compensation, career history, education, & memberships. 38 billion at the time of writing Sheikh Mohammed Hussein Al Amoudi: the official website for his personal philosophy, philanthropic activities, business philosophy, and news. Arega Yirdaw, CEO of MIDROC, a private company that belongs to Al-Amoudi, confirmed the news to the Ethiopian state television. That makes him one of the richest people in Saudi Arabia May 7, 2018 · JEDDAH: Saudi Arabia is undergoing unprecedented socioeconomic reforms. Apr 10, 2025 · Discover the story of Mohammed Hussein Al Amoudi, the Ethiopian-Saudi billionaire whose business empire, global influence, and philanthropic dedication define a legacy of vision and impact. Aug 12, 2019 · Mohammed Hussein Ali Al-'Amoudi is a Saudi billionaire businessman. Billionaire Mohammed Al Amoudi, is ‘still alive’ and will stand trial at some point for corruption and bribery, according to a Saudi official, who asked not to be identified. Jan 24, 2025 · Rabat, Morocco – Before the shutdown of Morocco's only oil refinery a decade ago, Ethiopian-born Saudi businessman Mohammed al-Amoudi had already raised concerns at the highest levels of the Moroccan government. SAMIR’s $4-billion debt includes 40% owed to Morocco’s State; liquidation process extended by Casablanca’s Commercial Court. Jan 28, 2025 · Five-year-old Nadia Mohammed al-Amoudi was killed and three people were wounded after the Israeli army shelled a horse cart late on Monday in al-Jisr, west of the Nuseirat refugee camp, the Wafa Mohammed Hussein Al Amoudi: the official website for his personal philosophy, philanthropic activities, business philosophy, and news. Mohammed Hussein Al Amoudi is reorganising his non-energy Swedish businesses branded as Midroc Europe to meet new strategic needs. As a result, his net worth has plummeted from over $12 billion to below $5. Nabil bin Mohammed Al-Amoudi is Saudi Arabia’s transport minister. Jul 27, 2023 · Mohammed Al-Amoudi, the visionary founder of Ethiopia-based Midroc Gold, continues to make waves in the business landscape, solidifying his position as the richest man in Ethiopia and setting an example for entrepreneurs across the continent. Mar 18, 2024 · Mohammed Al-Amoudi slips on Bloomberg’s billionaires list The recent $160-million decline in Al-Amoudi’s net worth is primarily attributed to the decrease in the market value of his industrial assets in Ethiopia, Saudi Arabia, and Sweden, reflecting fluctuations in publicly traded companies in the global equity market. Jul 7, 2024 · Jemal Ahmed, known for his experience with Al-Amoudi’s enterprises, succeeded him, bringing a new direction to the company. 7 billion in compensation following the liquidation of Samir, Morocco’s sole oil refinery, which financially collapsed in 2015 under a Jul 5, 2024 · Ethiopia’s richest man, Mohammed Al-Amoudi, faces a $2. 18 billion. 1 to $3. 3% to $3. Aug 28, 2025 · Mohammed Al-Amoudi’s fortune rises $2. Mar 20, 2017 · Mohammed Al Amoudi is #159 on Forbes' 2017 Billionaires list. Aug 4, 2025 · The sale of Preem marks a new chapter for Al Amoudi’s business empire. Al Amoudi's construction company consortium, Mohammed International Development Research and Organization Companies, also known as MIDROC, won a contract to build Saudi Arabia's estimated $30 billion nationwide underground oil storage complex in 1988. Jan 28, 2019 · Saudi Arabia has freed Saudi-Ethiopian businessman Mohammed Hussein al-Amoudi more than 14 months after he was detained in a crackdown on corruption. Jul 16, 2024 · Ethiopia’s richest man, Mohammed Al-Amoudi, has faced a significant setback in Morocco. Dr. Preem partnered with AI firm Imubit to enhance refinery efficiency and cut emissions, aligning with Sweden’s carbon-neutral goals. The transport sector of any country plays a crucial role in its economic development and the Saudi authorities are making efforts to revolutionize this sector as well. Despite a ceasefire in Gaza, Israel has opened fire on Palestinians returning to their homes Sep 15, 2023 · Mohammed Al Amoudi, the visionary founder of Ethiopia-based Midroc Gold, continues to make waves in the business world, cementing his position as Ethiopia’s richest man and setting an example for entrepreneurs across the continent. 77 billion, boosting his net worth past $10 billion, after Bloomberg’s latest portfolio reassessment. Find Mohammed Al Amoudi public records with current phone number, home address, email, age & relatives. Why civil war in Lebanon would be bad news for Europe Dr. He has been serving as the minister since October 2017. His mismanagement and failure to fulfill financial commitments led to the largest bankruptcy in the country's history. Saudi Businessman, Mohammed Al Amoudi, is claiming $2. 38 billion at the time of writing Mohammed Hussein Al Amoudi: the official website for his personal philosophy, philanthropic activities, business philosophy, and news. 38 billion (As of 2022/11/26). May 10, 2024 · The Little-Known Ethiopian Billionaire Mohammed Al-Amoudi started from humble beginnings after relocating from Ethiopia to Saudi Arabia as a young man. Bloomberg currently put his net worth at $5. Nov 11, 2023 · In a blend of diplomacy and opulence, Prime Minister Abiy Ahmed (PhD) and his delegation have privately met with business magnate Mohammed Hussein Ali Al-Amoudi (Sheik) in Jeddah. Apr 24, 2025 · As of January 23, 2025, Mohammed Al Amoudi is ranked 317th on the Bloomberg Billionaires Index, placing him firmly among the world’s top 400 billionaires. Apr 13, 2024 · Ethiopia’s richest man Mohammed Al-Amoudi’s Preem posts $12. Nov 21, 2017 · Mohammed Hussein al-Amoudi, one of Ethiopia's biggest investors, among those arrested in Saudi anti-corruption campaign Jul 20, 2022 · For al-Amoudi, Ethiopia became a source of food and arable land, as escalating food consumption and water scarcity presented a challenge for Saudi policymakers. And he is known as “Sheikh Mo” in the Clintons’ circle. 24 million due to weaker refining margins, lower revenue, and Jul 16, 2024 · Mohammed Al-Amoudi, Ethiopia’s richest man, suffered a major loss in Morocco. Jun 26, 2020 · Mohammed Hussein Al Amoudi: the official website for his personal philosophy, philanthropic activities, business philosophy, and news. 88 billion recently. Ethiopian industrial behemoth, MIDROC Investment Group, is the brainchild of Al Amoudi. Al-Amoudi’s net worth has increased by $320 million in the last 15 days, from $9. Amoudi was detained in November Feb 16, 2023 · February 16, 2023 How Africa News #image_title Mohammed Al Amoudi, Ethiopia’s richest man, has increased his net worth by $111 million since the beginning of the year. Jan 28, 2025 · Five-year-old Nadia Mohammed al-Amoudi was killed and three people were wounded after the Israeli army shelled a horse cart late on Monday in al-Jisr, west of the Nuseirat refugee camp, the Wafa Jul 27, 2023 · Mohammed Al-Amoudi, the visionary founder of Ethiopia-based Midroc Gold, continues to make waves in the business landscape, solidifying his position as the richest man in Ethiopia and setting an example for entrepreneurs across the continent. Al-Amoudi's wealth jumped $2. He owns much of Ethiopia. Al-Amoudi has been linked (in the press) to the financing of organizations with associations to terrorist groups. May 8, 2025 · Preem, formerly owned by Mohammed Al-Amoudi, posts $3. About Us Mohammed Ahmed Al Amoudi and Sons Trading Company was established in 1965, since nearly five decades by Sheikh / Mohamed Ahmed Al Amoudi, entitled “Mohammed Ahmed Al Amoudi Est. In August 2015, tensions ran high within Nov 27, 2024 · Who is Mohammed Al Amoudi? Learn about his age, family, net worth, relationships, and achievements in this detailed biography. Preem’s 2024 net profit plunged 83% to $97. The astute entrepreneur established MIDROC in 1996 to contribute to Nov 16, 2023 · Mohammed Al-Amoudi, Ethiopia's richest businessman, has experienced a substantial increase in his net worth over the past three weeks according to data from the Bloomberg Billionaires Index. Apr 9, 2025 · Saudi Billionaires Reinstated on Forbes List After 8 Years – But Mohammed Al Amoudi Still Left Out - Addis Insight In a surprising yet symbolic development, Forbes has reinstated 15 Saudi billionaires in its 2025 World’s Billionaires List after an eight-year exclusion that began in 2018. , with detailed contact info. Jul 20, 2012 · Sheikh Al-Amoudi made his fortune in Saudi Arabia, but he remains intensely loyal to the country of his birth- Ethiopia. 2 billion after Svenska sale, pushing his net worth toward $8 billion. E. As with other business figures held in November 2017, Al-Amoudi seems to have engineered his release in a settlement process Jan 28, 2019 · Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. He was one of the many royal family members and billionaires arrested following a wide crackdown by Mohammed bin Salman al Saud, the Crown Prince of Saudi Arabia. . The group, however, has built buildings and infrastructures ranging from luxurious five-star hotels to hospitals, roads, and stadiums. Nov 23, 2017 · Saudi authorities have arrested Mohammed Hussein Al-Amoudi, a dual national with Saudi and Ethiopian citizenship and is reportedly the second richest Saudi, after Prince Al-Waleed bin Talal. 03 billion to $8. Saudi-Ethiopian businessman Mohammed al-Amoudi has been released from detention amid a push by Saudi Arabia Jan 28, 2019 · Mohammed Hussien Ali Al-amoudi (Sheikh) in Jeddah yesterday afternoon, right after his release, spending more than a year in Saudi prison. Nov 24, 2017 · Saudi Arabia has arrested its second richest man, Sheik Mohammed Hussein Al-Amoudi, as part of a wide-ranging 'anti-corruption drive' - while Ethiopia looks on nervously. Sheikh Mohammed Hussein Al Amoudi: the official website for his personal philosophy, philanthropic activities, business philosophy, and news. His net worth fell by $1. Sheik Mohammed Hussein Ali Al-Amoudi Chairman Mr. Al-Amoudi’s strategic investments include Svenska Petroleum and significant stakes in Preem and gold miner Midroc Gold, positioning him among Africa’s wealthiest. The Saudi-Ethiopian billionaire Mohammed Al-Amoudi’s Corral Holdings argued that Morocco was responsible for SAMIR’s 2015 bankruptcy and sought $2. Mar 17, 2025 · Mohammed Al-Amoudi’s stake in Preem surged to $4. 74 billion on Jan. Modern farming and land development projects have been a top priority for his companies. Al Amoudi’s journey to success began in the mid-1980s, when he was awarded a massive contract to build Saudi Arabia’s vast underground oil storage complex Mohammed Hussein Al Amoudi: the official website for his personal philosophy, philanthropic activities, business philosophy, and news. Al Amoudi was one of dozens of high-profile Saudis detained in a sweeping anti-corruption crackdown spearheaded by Crown Prince Mohammed bin Salman. Al Amoudi’s journey to success began in the mid-1980s, when he was awarded a massive contract to build Saudi Arabia’s vast underground oil storage complex Mar 5, 2025 · Ethiopian billionaire Mohammed Al-Amoudi’s Preem posts $12. H. Jan 27, 2019 · Saudi Arabia has freed Saudi-Ethiopian businessman Mohammed Hussein al-Amoudi more than 14 months after he was detained in a crackdown on corruption, the latest in a flurry of releases as the Jan 28, 2019 · Saudi Arabia has freed Saudi-Ethiopian businessman Mohammed Hussein al-Amoudi more than 14 months after he was detained in a crackdown on corruption, the latest in a flurry of releases as the Mohammed Hussein Al Amoudi: the official website for his personal philosophy, philanthropic activities, business philosophy, and news. Jan 31, 2016 · Saeed Mohammed Al-Amoudi Holding Co. Sep 22, 2025 · Mohammed Al-Amoudi is Head:Legal Department at BAAN Holding Group Co. Jan 27, 2019 · Ethiopian-born Saudi billionaire Mohammed Hussein al-Amoudi has been released from Saudi prison. Jul 6, 2023 · Mohammed Al-Amoudi, Ethiopia’s wealthiest individual, has recently experienced a significant decline in the market value of his industrial assets across Europe, the Middle East, and Africa over the span of ten years. MIDROC Investment Group is the largest business entity in Ethiopia operating as part of the global MIDROC International owned by the internationally acclaimed entrepreneur Sheikh Mohammed Hussein Ali Al-Amoudi. Read more about Mohammed Al Amoudi, their experience, their asset summary, and more here. The acquisition, which includes Preem’s refineries and infrastructure, awaits approval from Swedish and EU regulators and is expected to close in late 2025. The good news for Al Dec 1, 2023 · Ethiopia’s richest man Mohammed Al-Amoudi gains $170 million in 15 days The primary driver behind this surge is attributed to the robust performance of his diverse industrial assets across Sweden, Saudi Arabia, and Ethiopia. Mohammed Al-Sulami Mohammed Hussein Al-Amoudi, born in Dessie, Ethiopia, to a Yemeni-Saudi father and an Ethiopian mother, is a prominent business tycoon and one of Africa’s wealthiest individuals. VARO’s acquisition strengthens its European footprint, while Preem Mar 1, 2024 · In a $66. Read. Dec 14, 2018 · Some 400 days after Mohammed Al Amoudi went missing, word came Thursday of his whereabouts: In custody in Saudi Arabia and awaiting trial on corruption and bribery charges. Jul 20, 2022 · For al-Amoudi, Ethiopia became a source of food and arable land, as escalating food consumption and water scarcity presented a challenge for Saudi policymakers. Mohammed Al-Amoudi remains Ethiopia’s sole billionaire, but a network of multimillionaires is shaping the country’s financial future. Nabil bin Mohammed Al-Amoudi is Saudi Arabia Jul 9, 2023 · Ethiopia’s richest man Mohammed Al-Amoudi makes shocking comeback on Bloomberg’s 500 richest list The recent upswing in Al-Amoudi’s wealth follows a temporary exit from the Bloomberg Billionaires Index. Nov 21, 2017 · Mohammed Hussein al-Amoudi, one of Ethiopia's biggest investors, among those arrested in Saudi anti-corruption campaign Jun 20, 2024 · Mohammed Al-Amoudi’s net worth surged by $606 million in 2024, nearing a $10 billion milestone last reached seven years ago. It was one of the first establishments specialized in automotive paints at the time. 25 billion in 2022. Ethiopian business leaders are fueling industrial growth, financial inclusion, and infrastructure expansion, positioning the Aug 2, 2021 · Jemal Ahmed is also authorized to lead the companies involved in manufacturing, mining, and agro-processing owned by Sheik Mohammed Hussein Al-Amoudi, which have larger operations and huge revenue streams out of all the companies falling under the Midroc Group. 7bn, owns industrial giant MIDROC as well as companies in construction, energy, agriculture, hotel, healthcare, and more, and controls assets Jul 3, 2024 · Recent developments in the ongoing arbitration between Morocco and Saudi businessman Mohammed Al Amoudi, representing the Coral Group, have revealed that Morocco has officially rejected compensation demands totaling $2. The key question now is how the proceeds from this landmark deal will be reinvested. MIDROC- Mohammed International Development Research and Organization Companies, engaged in multifaceted business ventures, are operating in Africa, Europe, the Middle East and the Jan 27, 2025 · The Israeli shelling killed Nadia Mohammed al-Amoudi and wounded three others, according to the report. Jan 28, 2019 · We wish Mohammed Al Amoudi a safe return to Ethiopia. But the gilded life of Sheikh Mohammed Hussein Al Amoudi took a sharp turn The Saudi-Ethiopian billionaire Mohammed Al-Amoudi’s Corral Holdings argued that Morocco was responsible for SAMIR’s 2015 bankruptcy and sought $2. The plaintiff, Abinet, filed a charge with the Federal First Instant Court Commercial and Investment Bench in September 2021. 29 billion in Q1 sales Preem's Q1 2025 sales dropped 8. 07 billion, Al Amoudi’s business interests span energy, mining, agriculture, and real estate, making him a key figure in global industries and one of the most prominent investors in Africa. 1 billion, making him one of the wealthiest individuals of African descent. 7 billion in compensation. Major investments in Ethiopia by billionaire Mohammed Al Amoudi have greatly transformed the country’s agriculture and food security. May 31, 2023 · Germany’s largest bank Deutsche Bank has been pursuing bankruptcy proceedings against entities in Sweden and the Cayman Islands connected to Saudi-Ethiopian businessman Sheikh Mohammed Hussein Al-Amoudi. Mr. 6-billion revenue in 2023 Al-Amoudi derives a significant portion of his wealth from his stake in Preem, which surged from $3. The National Transformation Program 2020 and Saudi Vision 2030 encompass almost all facets of Saudi life. The acquisition, which includes Preem’s refineries and infrastructure, awaits approval from Swedish and EU regulators and is expected to close in late 2025. A family office Jun 12, 2025 · Ethiopia’s richest man, Mohammed Al-Amoudi, has seen his fortune grow by $1 billion, bringing his net worth to over $7. Feb 24, 2025 · Ethiopia’s economy is evolving, with private-sector leaders driving growth in banking, real estate, energy, and manufacturing. qqodr bhjr ybdh uqqi dcphp xhusn olzzw jnwtd cxa voeywv drnkycxd fquddqgk rgxq woqbqe degaybp