Preem has confirmed that its founder and owner, Saudi-Ethiopian billionaire Mohammed al-Amoudi, has been released more than a year after his arrest in Saudi Arabia. A statement is expected later today.
Al-Amoudi was one of hundreds of princes, ministers and businessmen who were detained by an anti-corruption unit led by Saudi Crown Prince Mohammed bin Salman in autumn 2017.
Al-Amoudi is one of Sweden’s largest foreign investors and the majority of his assets are held in the Preem petroleum company, as well as in the Midroc conglomerate and Svenska Petroleum Exploration.
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