Saudi billionaire Fahad al Athel is the owner of the yacht Elements. Al Athel is the founder of FAL Holdings
Fal Holdings is a leading company based in Saudi Arabia. The group is active in healthcare, technology and real estate. The groups companies include GAMA Hospital, Detecon al Saudi (Active in communication and IT), FAL Beach Resort, and FAL Motors, importer of ZXAUTO, which is the second largest automobile brand in the Republic of China. FAL Holdings has revenues of more than US$ 600 million and has more than 4,000 employees. The group also owns London Ashfort Airport.
The yacht Elements is a 80 meter motor yacht to be delivered in 2018. She is built by Yachtley, which is part of the FAL Group. She was originally built for another owner, but when he withdrew from the project, Fahad al Athel decided to finish the yacht for himself. Elements has an impressive interior designed by Cristiano Gatto. She can accommodate 24 guests and a crew of 29. The yacht is powered by two MTU engines which bring her a top speed of 18 knots. The yacht is for sale through Fraser Yachts, asking EUR 112 million.
Sheikh Fahad al Athel resides in Saudi Arabia, but he also owns a large house in Cologne, Switzerland.
The net worth of Fahad al Athel is estimated at US$ 2.2 billion.