Yachting – Saudi Superyacht SARAFSA dispute Pits Credit Suisse Against Gulf Prince – January 2022

A Swiss bank is pursuing a Saudi prince in court over claims he failed to pay back millions in interest and loans he took out to refinance his English mansion and his superyacht – SARAFSA.

Credit Suisse Group AG claims that Prince Fahad Bin Sultan, the governor of Saudi Arabia’s Tabuk province, failed to repay roughly $78million (£57million) in interest and loans he took out to refinance his 82 metre superyacht SARAFSA and Surrey mansion. A court filing in London, UK revealed that the yacht SARAFSA, homeported at Georgetown with Cayman Islands Flag (CYM), is worth roughly 58million euros (£48million), while the property estate, close to the Wentworth Golf Club just south of London, is worth £35million.

SARAFSA was built by Devonport Yachts, UK in 2008. With a beam of 15 metres and a draft of 3.70metres, she has a steel hull and aluminium superstructure. She is powered by MTU 6V 595 TE70 engines of 2700hp each, capable of reaching a maximum speed of 16.5 knots and a cruising speed of 13 knots for 6000 nautical miles.

All images of SARAFSA leaving Grand Harbour back to 14th May, 2009

Watermarked Photos are by Capt. Lawrence Dalli otherwise stated. NO PHOTOS can be used or manipulated without our permission. © All rights reserved. Malta Ship Photos & Action Photos – www.maltashipphotos.com

Published – Monday 10th January, 2022.