Net closes on Al-Amoudi’s empire

Issue 357 - 09 Nov 2017
The 4 November arrest on corruption charges of some of the most celebrated members of the Saudi elite netted princes with global business interests, led by celebrated dealmaker Prince Alwaleed Bin Talal and including Islamic banking pioneer Saleh Kamel and Saudi-Ethiopian billionaire Mohammed Al-Amoudi. Supported by the many Saudis who long to see action over the kingdom’s legendary commission culture and spotty governance, the purge was also widely interpreted as another power play by Crown Prince Mohammed Bin Salman (MBS), who may now replace his father King Salman Bin Abdelaziz sooner rather than later.

Want to read more?

Small article


(Access to one 100-400 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


Need help?

A member of our team will be pleased to assist you

Sales – Alex Wark

Support – Tara Mulvey

Tel: +44 (0)1424 721667