0
 

Morocco: Al-Amoudi under pressure to support Samir restructuring


Issue 307 - 11 Sep 2015
The extent to which the financial crisis that has engulfed Société Marocaine d’Industrie de Raffinage (Samir) can be resolved with the refiner returning to full production and trading on the Bourse de Casablanca under its existing ownership structure will become clearer after an 8 September board meeting. This is expected to call an extraordinary general meeting for 12 October, which will approve a capital increase provided Samir’s ultimate majority owner, Mohammed Hussein Al-Amoudi, is able – and willing – to mobilise the necessary funds.

Want to read more?

Medium article

£7

(Access to one 401-800 word article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register

Need help?

A member of our team will be pleased to assist you

Sales – Alex Wark

Support – Tara Mulvey

Tel: +44 (0)1424 721667

Want to see more articles like this?

Search our archive or set up custom notifications to be alerted about new content.