{"id":44032,"date":"2025-02-12T12:45:09","date_gmt":"2025-02-12T09:45:09","guid":{"rendered":"https:\/\/thesauditimes.net\/en\/?p=44032"},"modified":"2025-03-20T08:47:51","modified_gmt":"2025-03-20T05:47:51","slug":"mohammed-hussein-al-amoudi-a-powerhouse-in-finance-oil","status":"publish","type":"post","link":"https:\/\/thesauditimes.net\/en\/mohammed-hussein-al-amoudi-a-powerhouse-in-finance-oil\/","title":{"rendered":"Mohammed Hussein Al Amoudi A Powerhouse in Finance & Oil"},"content":{"rendered":"

Mohammed Hussein Al Amoudi<\/a>, a Saudi billionaire of Hadrami-Yemeni and Ethiopian descent, is one of the most influential business figures in Saudi Arabia, Ethiopia, and Sweden.<\/p>\n

Born on July 21, 1946, in Ethiopia, Al Amoudi\u2019s mother was Ethiopian, and his father was Yemeni from Hadramaut.<\/p>\n

He migrated to Saudi Arabia in his teen years, later acquiring Saudi citizenship and establishing himself as a key investor across multiple industries.<\/p>\n

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Building a Business Empire<\/strong><\/h2>\n

Al Amoudi began his journey in real estate and construction, accumulating wealth before expanding into oil refining and energy investments.<\/p>\n

By 2009, his wealth was estimated at $13.5 billion, making him one of the wealthiest Arabs in the world, before decreasing to $8.1 billion in 2017.<\/p>\n

His business footprint spans multiple continents, positioning him as one of the largest investors in Saudi Arabia, while also holding significant stakes in Ethiopia and Sweden.<\/p>\n

A Diversified Investment Portfolio<\/p>\n

Starting with construction and contracting, Al Amoudi rapidly expanded into banking, hospitality, oil, and gas, diversifying his businesses both horizontally and geographically.<\/p>\n

He is recognized as the second-richest Arab by Forbes, and his conglomerates Coral Group and MIDROC Group collectively employed over 40,000 workers in 2008\u2014a number that soared beyond 70,000 employees by 2018.<\/p>\n

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Key Global Holdings & Investments:<\/strong><\/h2>\n