Dubai ruler should pay ex-wife $700M in divorce settlement

A British courtroom on Tuesday ordered the ruler of Dubai to pay his ex-wife and their youngsters near 550 million kilos ($730 million), in one of the costly divorce settlements in British historical past.
The High Court stated Sheikh Mohammed bin Rashid Al Maktoum should pay 251.5 million kilos to his sixth spouse, Princess Haya Bint Al Hussein, and make ongoing funds for his or her youngsters Al Jalila, 14, and Zayed, 9, underpinned by a financial institution assure of 290 million kilos.
The complete quantity the kids obtain may very well be roughly than 290 million kilos, relying on components together with how lengthy they stay and whether or not they reconcile with their father. The settlement contains 11 million kilos a yr to cowl safety prices for Princess Haya and the kids whereas they’re minors.
Judge Philip Moor stated the household wanted “water-tight security,” and that “absolutely uniquely,” the primary risk to them got here from Sheikh Mohammed, slightly than exterior sources.

Haya, 47, fled to the U.Ok. in 2019 and sought custody of her two youngsters by means of the British courts. The princess, who’s the daughter of the late King Hussein of Jordan, stated she was “terrified” of her husband, who’s alleged to have ordered the pressured return to the Gulf emirate of two of his daughters.
Sheikh Mohammed, 72, can also be the vp and prime minister of the United Arab Emirates and a serious horse breeder. The founding father of the profitable Godolphin horse-racing secure, he’s on pleasant phrases with Queen Elizabeth II.
Haya, a graduate of Oxford University, can also be a eager equestrian and competed in present leaping for Jordan on the 2000 Sydney Olympics.
A separate British household courtroom choose dominated in October that Sheikh Mohammed had approved the hacking of Princess Haya’s telephone throughout their authorized battle.
Judge Andrew McFarlane stated the sheikh gave his “express or implied authority” to hack the telephones of the princess and her attorneys utilizing Pegasus adware produced by NSO Group of Israel, the courtroom stated. The software program is licensed solely to nation states to be used by their safety companies.
Sheikh Mohammed denied data of the hacking.

McFarlane earlier dominated that Sheikh Mohammed had performed a marketing campaign of worry and intimidation in opposition to his estranged spouse and “ordered and orchestrated” the kidnapping and compelled return to Dubai of two of his grownup daughters: Sheikha Shamsa in August 2000 and her sister Sheikha Latifa, in 2002 and once more in 2018.
The divorce invoice eclipses the 450 million pound settlement awarded Tatiana Akhmedova in her 2016 break up from Russian billionaire Farkhad Akhmedov, on the time cited as Britain’s costliest divorce.

Tuesday’s settlement features a vacation funds of 5.1 million kilos, an annual sum of simply over 450,000 kilos for the kids’s employees and round 275,000 kilos for his or her animals, together with two ponies and a horse.
It is feasible, however uncommon, for monetary divorce settlements to be appealed in England.
A spokesman for Sheikh Mohammed stated in an announcement 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.”