The bankruptcy of Samir, the first Moroccan refiner, extends to the property of some directors and, in particular, those of the CEO, Jamal Bâ Amer, right arm of the majority shareholder, the Saudi billionaire Hussein Al Amoudi, himself concerned by the procedure.
The Casablanca Commercial Court found the management fault against the former CEO and other members of the board of directors, including the CEO.
As part of this procedure, the Commercial Court of Casablanca has auctioned off a villa of Mohammed Jamal Baamer located in Rabat and worth 16 million dirhams. The sale is scheduled for 6 December 2018 at the Rabat Court of First Instance.
Mohammed Jamal Baâmer was also sanctioned with a lapse of 5 years.
Another battle
Public company privatized in 1997, the Samir was put in liquidation on March 21, 2016. The file is the subject of a procedure in Morocco and outside Morocco.
Thus, on March 14, 2018, Corral Morroco Holding, a company owned by the Saudi Mohammed Hussein Al Amoudi, filed an application for ICSID arbitration against Morocco.
In its line of defense, the Saudi operator said to have injected $ 2.5 billion into the refinery on the basis of various commitments of Morocco whose monopoly on petroleum products.
