Mohammed Al-Amoudi Is 6th In “The World’s 50 Richest Arabs”

Mohammed Al-Amoudi, according to www.ArabianBusiness.com, is 6th among the world’s 50 richest Arabs.

Net Worth: US$ 9.2 Billion

Country of Residence: Saudi Arabia

Industry: Energy, Healthcare, Travel & Hospitality, Construction & Industry, Banking & Finance

Companies: Saudi Amoudi Group, Corral Group, Midroc Group

Born 61 years ago in Ethiopia, to a Yemeni father, Mohammad Hussein Al Amoudi was raised in Saudi Arabia. He made his first fortune in construction and real estate before branching out into buying oil refineries in Sweden and Morocco.

Today he is one the largest foreign investors in both Sweden where he was honoured with the Royal Swedish Order of the North Star by King Carl XVI – and his native Ethiopia, where he bankrolls the national soccer team.

Today Al Amoudi owns a broad portfolio of businesses not only in oil but also in mining, agriculture, hotels, hospitals, finance, operations and maintenance.

His holding and operating companies, Corral Group and the Midroc Group, employs more than 40,000 people.

Corral Group has an investment portfolio in Europe and the Middle East that includes Preem Petroleum, the largest integrated petroleum company in Sweden, Svenska Petroleum & Exploration [SPE], SAMIR [a petrochemical and refinery company in Morocco], Naft Services Co [Saudi Arabia] and Fortuna Holdings Co [Lebanon].

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