The demand was dismissed during the latest arbitration sessions held by the International Center for Settlement of Investment Disputes (ICSID) in Washington, …
Ethiopia
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The recent uptick in his fortune is mainly credited to the strong performance of his broad industrial investments in Sweden, Saudi Arabia, …
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Zemen Bank, established in 2008, has emerged as a key player in Ethiopia’s financial services industry.
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The primary driver behind this surge is attributed to the robust performance of his diverse industrial assets across Sweden, Saudi Arabia, and …
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The $3.6-billion surge in Al-Amoudi’s fortune represents a daily average gain of $10 million throughout the year.
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The primary driver behind this surge is attributed to the robust performance of his diverse industrial assets across Sweden, Saudi Arabia, and …
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Forbes acknowledged Ashenafi’s financial prowess in 2017, listing him among the wealthiest individuals in Ethiopia.
- Horn of Africa
Ethiopia’s richest man Mohammed Al-Amoudi secures spot among world’s 300 richest individuals
Apart from his stake in Preem, Al-Amoudi maintains shares in Midroc Gold, Svenska Petroleum Exploration, Samir, and Okote Gold.
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In an effort to unlock value from his early investments, Al-Amoudi is presently exploring the sale of his interest in Preem.
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As one of the largest investors in Sweden, Al-Amoudi owns Preem, Svenska Petroleum Exploration, and Midroc Europe.