: Fenix Investors

Billionaire Mohammed Al Amoudi, is ‘still alive’ and will stand trial at some point for corruption and bribery, according to a Saudi official, who asked not to be identified.
In Sweden, where Al Amoudi’s Preem is the country’s biggest fuel company, business is proceeding as normal, with a few adjustments. Last month, Preem announced it had replaced Al Amoudi as chairman with a former global head of corporate finance at Morgan Stanley, Jason Milazzo. The company’s statement acknowledged it had “no further confirmed information” regarding its missing sole shareholder.