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5th February 2023
WORLD NEWS

Sheikh Mohammed Bin Rashid To Pay Ex-Wife £550m

Dubai Ruler Sheikh Mohammed Bin Rashid Of Dubia Ordered To Pay Ex-Wife £550m In Divorce Settlement
Dubai Ruler Sheikh Mohammed Bin Rashid Of Dubia Ordered To Pay Ex-Wife £550m In Divorce Settlement

Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum has been ordered by a British court on Tuesday to pay his ex-wife Princess Haya Bint Al Hussein, and their children close to £550 million ($730 million), in one of the most expensive divorce settlements in British history.

According to the report by Associated Press (AP), the High Court said the Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum must pay £251.5 million to his sixth wife, Princess Haya Bint Al Hussein, and make ongoing payments for their children Al Jalila, 14, and Zayed, 9, underpinned by a bank guarantee of £290 million.

The total amount the children receive could be more or less than £290 million, depending on factors including how long they live and whether they reconcile with their father. The settlement includes 11 million pounds a year to cover security costs for Princess Haya and the children while they are minors.

Judge Philip Moor said the family needed “water-tight security,” and that “absolutely uniquely,” the main threat to them came from Sheikh Mohammed, rather than outside sources.

Haya, 47, fled to the U.K. in 2019 and sought custody of her two children through the British courts. The princess, who is the daughter of the late King Hussein of Jordan, said she was “terrified” of her husband, who is alleged to have ordered the forced return to the Gulf emirate of two of his daughters.

Dubai ruler Sheikh Mohammed, 72, is also the vice president and prime minister of the United Arab Emirates and a major horse breeder. The founder of the successful Godolphin horse-racing stable, he is on friendly terms with Queen Elizabeth II.

Haya, a graduate of Oxford University, is also a keen equestrian and competed in show jumping for Jordan at the 2000 Sydney Olympics.

A separate British family court judge ruled in October that Sheikh Mohammed had authorized the hacking of Princess Haya’s phone during their legal battle.

Judge Andrew McFarlane said the sheikh gave his “express or implied authority” to hack the phones of the princess and her attorneys using Pegasus spyware produced by NSO Group of Israel, the court said. The software is licensed exclusively to nation-states for use by their security services.

Sheikh Mohammed denied knowledge of the hacking.

McFarlane earlier ruled that Sheikh Mohammed had conducted a campaign of fear and intimidation against his estranged wife and “ordered and orchestrated” the abduction and forced return to Dubai of two of his adult daughters: Sheikha Shamsa in August 2000 and her sister Sheikha Latifa, in 2002 and again in 2018.

The divorce bill eclipses the 450 million pound settlement awarded Tatiana Akhmedova in her 2016 split from Russian billionaire Farkhad Akhmedov, at the time cited as Britain’s most expensive divorce.

Tuesday’s settlement includes a holiday budget of 5.1 million pounds, an annual sum of just over 450,000 pounds for the children’s staff and around 275,000 pounds for their animals, including two ponies and a horse.

It is possible, but rare, for financial divorce settlements to be appealed in England.

A spokesman for Sheikh Mohammed said in a statement that the ruler “has always ensured that his children are provided for. The court has now made its ruling on finances and he does not intend to comment further.”

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