Ethiopia billionaire Mohammad al-Amoudi among those arrested by Saudi Arabia

by Zelalem

Mohammed Al Amoudi – Ethiopia born Mohammad al-Amoudi, one of the richest persons in the world is among those detained by Saudi Arabia, learned. He is among the several high profile princes, ministers and businessmen that were arrested over an alleged corruption. The sweeping campaign of arrests appears to be the latest move to consolidate the power of Crown Prince Mohammed bin Salman, the favorite son and top adviser of King Salman. It is not clear why and how Mohammad al-Amoudi ended up in the dragnet.

According to Forbes magazine, Al Amoudi is the second richest person in Saudi Arabia and Ethiopia’s richest person.

He is a controversial figure in Ethiopia where critics accuse him of being supportive of an authoritarian government, while supporters say his vast investment in his birth country have created job opportunities for many.  His business interest span the globe from an oil refinery in Morocco to Sweden.

Screen shot obtained by from a source in Saudi Arabia

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