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Credit Suisse Wins $41 Million UK Loan Lawsuit Against Saudi Arabia Prince for Loan of $52.5 Million for Luxury Yacht Sarafsa, Yacht Sold in April 2023 with Asking Price of $70.9 Million and Renamed as Pure
7th April 2023 | Hong Kong
Credit Suisse has won a $41 million United Kingdom (UK) loan lawsuit against billionaire & Saudi Arabia Prince Fahad bin Sultan bin Abdulaziz al Saud, who was sued by Credit Suisse in 2021 for outstanding loan of $52.5 million for luxury yacht Sarafsa through a special purpose vehicle Bugundy Sea Ltd. The Sarafsa has 7 seven en suite cabins, elevator, cinema, spa, swimming pool and a helipad. The Sarafsa was delivered in 2008 and is built by British shipyard Devonport Yachts. In early April 2023, the Sarafsa was announced to have been sold and will be renamed Pure with a major refit managed by JMS Yachting. The sale price was asking for €65 million ($70.9 million).
“ Credit Suisse Wins $41 Million UK Loan Lawsuit Against Saudi Arabia Prince for Loan of $52.5 Million for Luxury Yacht Sarafsa, Yacht Sold in April 2023 with Asking Price of $70.9 Million and Renamed as Pure “
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Credit Suisse Wins $41 Million UK Loan Lawsuit Against Saudi Arabia Prince for Loan of $52.5 Million for Luxury Yacht Sarafsa, Yacht Sold in April 2023 with Asking Price of $70.9 Million and Renamed as Pure
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