Sarafsa Yacht News

Name:Sarafsa
Length:82 m (269 ft)
Builder:Devonport
Year:2008
Price:US$ 150 million
Owner:Prince Fahd bin Sultan


News

Jan 5 2022, Credit Suisse Pursuing Prince Fahad bin Sultan in Court.

Credit Suisse is alleging that Saudi Prince Fahd bin Sultan failed to repay the bank around $78 million in interest and loans.

He took out the loans to refinance his superyacht Sarafsa and a mansion in England.

The Swiss bank stated that two companies owned by Prince Fahd defaulted on two loans. The Prince is the guarantor of the loans.

According to court documents, the yacht has a value of $65 million. (Which seems a bit low for a yacht with a volume of more than 3,000 tons)

The prince’s lawyers have yet to file defense papers.


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Contact the Author: Peter

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