After 400 days Mohammed AL Amoudi went missing, word came of his location: In the custody in Saudi Arabia and long waiting trial on crime and the paying charges as bribery. The good news for AL Amoudi, one of the richest men in the world, is that his extending absence, much of his global empire of business has developed. Sales at his Sweden-based oil refiner Preem AB have instigated more than 30 per cent and his office property of Stockholm have escalated in value.

Since being closed by the security forces in Riyadh in the last year as part of a wide-ranging crackdown by Crown Prince, Mohammed Bin Salman, his net value has mounted by about 6 per cent to $8.3 billion , according to the index of Bloomberg Billionaires, a positioning among the 500 richest people of the world.

The situation points out the contrasting circumstances of being a richest of Saudi under the de facto kingdom of the Crown Prince whose embargo of Qatar, a war in Yemen and claimed a role in the murder of the Saudi journalist Jamal Khashoggi have scattered the world but also created a basic change in his agenda.

In the long custody of AL Amoudi, rumours rolled out among the business elite of Saudi Arabia that he died.

A Saudi official who to not to is recognized that the billionaire is alive and in the guardianship, through trial date has been set. AL Amoudi has been in touch with relatives and is presented to be in good health, according to his representative, Tim Pendry. He clashed that Al Amoudi has been accused officially with any misconduct and refused for any further comment.

AL Amoudi, whose perspective can be remarked to a Saudi government contract during the kingdom of King Fahd, has collected $7.6 billion of assets outside the kingdom and acknowledges businesses recruiting thousands of people in Africa and Europe. But as the past events his previous supporter – the Saudi Royal family -still holds sway.

Related Articles
Next Story
Going Viral
Dubai’s First Floating Smart Police Station (SPS) Opens On The World Islands

Dubai’s First Floating Smart Police Station (SPS) Opens On The World Islands

by Susmita October 10, 2019
On Wednesday, Sheikh Saif Bin Zayed Al Nahyan, Minister of Interior inaugurated Dubai’s first floating Smart Police Station (SPS) during Gitex Technology week in the presence of Major General Abdullah Khalifa Al Merri, commander in chief of Dubai police and other senior officers.  The new automated station is completely free from any human intervention that will be opened in the middle of the sea on the World Islands. Maj. Gen....