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Dubai Ruler Ordered To Pay Ex-wife $734 Million In Royal Divorce Case

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Dubai’s ruler has been ordered to pay his ex-wife and their children a sum of $734m in a divorce settlement making it the largest financial award in the United Kingdom family courts have ever seen.

Sheikh Mohammed bin Rashid Al Maktoum was ordered by a London court to pay Princess Haya Bint al-Hussein within a space of 3 months. The amount would cover security and lost items such as jewellery and clothing.

In addition to the amount to be paid, he must as well make annual payments of around 11 million pounds toward costs for his children while they are in education, which will be secured by a 290 million-pound bank guarantee, the judge ruled. The remaining millions account for backdated sums and a learning fund – Aljazeera reported.

This would provide Princess Haya with a “clean break” from the sheikh following their divorce, Judge Philip Moor said in a ruling published Tuesday.

He said the sheikh, who didn’t give evidence in the case, has brought the unusually high award for security on himself after another judge found that he ordered the hacking of phones belonging to her and her legal team.

The total amount the sheikh will have to pay to his family is likely to be much higher because of the annual security costs he must pay directly to his children after they’ve completed education.

 

Source: Vimbuzz.com

Frank Mawutor is a Blogger, a musician and a publicist. He's also a talent promoter with passionate love for promoting Ghanaian Music Industry. You can reach him on +233543140221 or shoot him an email [email protected]

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