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Thu 12 Sep 2019 06:06 PM

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Sheikh Mohammed Hussein Ali Al Amoudi: An apology

Update to a recent article published by Arabian Business

Sheikh Mohammed Hussein Ali Al Amoudi: An apology
Sheikh Mohammed Hussein Ali Al Amoudi

Arabian Business on Wednesday, September 11, 2019, reported that the Saudi Arabian Monetary Authority has announced a reversal of a 1999 decision to allow funds to be transferred in and out of the kingdom to Saeed Mohammed Ali Al-Amoudi & Co because of violations of anti-money laundering laws and other crimes.

In the article, we incorrectly referred to Saudi billionaire Sheikh Mohammed Hussein Ali Al Amoudi in the last two paragraphs. 

Arabian Business would like to state that Sheikh Mohammed Hussein Ali Al Amoudi has no connection to Saeed Mohammed Ali Al-Amoudi & Co and we apologise unreservedly to Sheikh Mohammed Hussein Ali Al Amoudi for this error.

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