Amoudi Aviation

Saudi Arabia: Deutsche Bank pursues Al-Amoudi debts to Grand Cayman and beyond

Issue 1170 - 31 May 2023 | 2 minute read

Germany’s largest bank Deutsche Bank has been pursuing bankruptcy proceedings against entities in Sweden and the Cayman Islands connected to Saudi-Ethiopian businessman Sheikh Mohammed Hussein Al-Amoudi. The Grand Court of the Cayman Islands had ordered the winding-up of Amoudi Aviation, following a petition submitted one month earlier by Deutsche Bank Luxembourg.

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