Morocco: Al-Amoudi under pressure to support Samir restructuring
Issue 307
- 11 Sep 2015
| 3 minute read
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.
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