Two days after Arega Yirdaw submitted a letter of resignation as CEO of MIDROC Technology Groups, Ethiopian born Saudi Billionaire Al Amoudi is letting him go. It seemed, however, as if there was no disagreement between MIDROC management and the owner, Mohammed Al-Amoudi who was released from Suadi prison sometime in January 2019. The CEO’s, Arega Yirdaw, resignation letter to Al-Amoudi indicates that there had been back and forth conversation between the former and the latter. Based on the CEO’s narrative, the situation put him in a difficult spot for he was seen as standing between land claimants and the owner – Al- Amoudi. Citing those and other challenges, Arega requested approval for this resignation as the CEO of 25 MIDROC investments.

Source: Ethiopian News April 27, 2020 23:48 UTC