Gulf Business

Mohammed Al Amoudi

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Owner, MIDROC

Mohammed Al Amoudi owns industrial giant MIDROC Ethiopia Group, which has 80 companies organised under four groups. His estimated net worth is close to $8bn. Apart from investing in agricultur­e, cement and mining, Al Amoudi also owns Preem, Sweden’s largest fuel company. In 2021, Preem announced it was accelerati­ng its measures to reduce greenhouse gas emissions. The company stated that by 2035, it will have a climate-neutral business with net-zero emissions throughout its value chain.

 ?? ?? Origin: KSA-Ethiopia Residence: KSA Sector: Diversifie­d 2021 rank: 88 89
Origin: KSA-Ethiopia Residence: KSA Sector: Diversifie­d 2021 rank: 88 89

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