Incorporation of General Mediterranean Holding (GMH) in Luxembourg to facilitate commercial activities in an increasingly globalised market place. (NB. Saddam Hussein becomes President of Iraq.)
Fled to London fearing for his own and family’s life following an extortion attempt by an enforcer for Bazan Ibrham Al-Tikriti, Saddam’s half brother and the head of Iraq’s intelligence service.
Established Compagnie Internationale de Participations Bancaires et Financieres (CIPAF) in Luxembourg to invest in the banking sector.
Founded Italgrade, a UK trading company.
Opened the first luxury Hotel Le Royale in Luxembourg.