The yacht Shahnaz was built in 1991 by Nuovi Cantieri Liguri as El Bravo of Cayman for Swiss media entrepreneur Max Frey.
Frey was the owner of Jean Frey Verlag, the largest Swiss media company (in the 1980’s).
The company was founded by his uncle Jean Frey (who died in the 1950s). Around 1987 Max Frey sold his company for around EUR 200 million. He then built El Bravo of Cayman. Max Frey died in 1994.
The yacht is powered by 2 Deutz engines, which bring a top speed of 16 knots. Her cruising speed is 12 knots. Her range is more than 4.000nm. She can accommodate 22 guests and a crew of 17.
The luxury yacht was built in 1991 by Nuoni Cantieri Liguri and designed by Studio de Jorio. While Ruggiero Naval Architects was the naval architect.
She was one of the first yachts to have a large pool on board.
Her first name was El Bravo of Cayman, later she was renamed just El Bravo.
As El Bravo, she was purchased by the Greek shipping tycoon John Latsis, who also owned the 122-meter yacht, Alexander.
A gift to the Saudi Royal Family
Latsis gave her as a gift to the Saudi Royal Family.
Who is the Owner of the Yacht SHAHNAZ?
The yacht is now owned by Waleed bin Ibrahim al Ibrahim. Waleed bin Ibrahim Al Ibrahim is a Saudi Arabian businessman and media mogul. He is the founder of the Middle East Broadcasting Center (MBC), a leading media company in the Middle East and North Africa region. In 2023 his 105 meter refit Yacht H was delivered.
Watch this rare video onboard the yacht Shahnaz.
How Much is the SHAHNAZ Yacht?
Her value is $40 million. Her annual running costs are around $4 million. The price of a yacht can vary greatly depending on a number of factors, including the size, age, and level of luxury of the yacht, as well as the materials and technology used in its construction.
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The boat is not available for yacht charter. And the yacht is not listed for sale.
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