Saudi princess buys massive Swiss estate

[somebozo]

Spending nations wealth..like a boss!

Saudi princess buys massive Swiss estate
September 03 2013 09:39
Former King Fahd’s daughter said to have paid second highest price in Swiss history
By Courtney Trenwith
Tuesday, 3 September 2013 9:39 AM
Saudi princess buys massive Swiss estate - Politics & Economics - ArabianBusiness.com

A Saudi princess has reportedly bought a luxurious estate in Switzerland from the wealthy Nordmann family behind the Lacoste clothing brand and upscale department store chain Manor.

The sale price, which has not been disclosed, is said to be the second highest on record for the country. The highest, paid in 2009, is 74.7m francs ($79.9m).

The estate also was once owned by Gustave Ador, who was Swiss president in the early 20th century.

Princess Latifa Bin Fahd bin Abdulaziz Al Saud, a daughter of former King Fahd, who bought the 18,800sqm property, has settled in the nearby municipality of Cologny and has committed to preserving the estate’s heritage, the Tribune de Genève reported.

The only villa on the estate, Hauterive, is protected along with other properties overlooking Lake Geneva.

"All the guarantees were given by the purchaser with regard to preserving this heritage," Bernard Favre, spokesman for the local urbanism department, is quoted as saying by the Tribune.

Outlying buildings on the estate are set to be converted, the newspaper said.
Al Saud, 54, joins a number of other Saudi royals who already live in luxurious settings around Geneva.

2013 Arabian Business Publishing Ltd. All rights reserved.

 

[notsuperstitious]

Out of curiosity, how do these kings differentiate personal wealth from govt wealth?

Its a rhetorical question, because when you are a royal, even govt wealth can be legally converted to private through commissions and consultancy

 

[Yzd Khalifa]

Out of curiosity, how do these kings differentiate personal wealth from govt wealth?

Its a rhetorical question, because when you are a royal, even govt wealth can be legally converted to private through commissions and consultancy

Princess Latifa happens to be a share holder of MBC Inc among many

 

[420canada]

nothing new here, just of couple rich fowlks spending pennies.

 

[Wright]

They need to invest more in fellow muslim nations.

 

[TruthSeeker]

@Yzd Khalifa,

Your wolf avatar is great. (Maybe needs to be a bit more full-face?)

 

[Yzd Khalifa]

@Yzd Khalifa,

Your wolf avatar is great. (Maybe needs to be a bit more full-face?)

I like the way my wolfy looks

nothing new here, just of couple rich fowlks spending pennies.

back friend! How are you? I haven't seen you for a while.

 

[Hyperion]

My cat can eat your wolfy..... in one bite.....

I like the way my wolfy looks



back friend! How are you? I haven't seen you for a while.

 

[Developereo]

They need to invest more in fellow muslim nations.

You need to stop seeing everything through a religious prism.

It seems Canada's secular education system has failed you big time.

 

[Yzd Khalifa]

My cat can eat your wolfy..... in one bite.....

All at once?

Good Lord!

 

[Dillinger]

My cat can eat your wolfy..... in one bite.....

Did you smuggle out a lion or something?

 

[Hyperion]

Of course... It's THUNDEVVVVVV CATSSSSSS!

Now hide your wolfy, pronto....

All at once?

Good Lord!

My cat is hungvyyyyyyyyyyyy.... likes to have wolfys for breakfast!!!

Did you smuggle out a lion or something?

 

[Dillinger]

Of course... It's THUNDEVVVVVV CATSSSSSS!

Now hide your wolfy, pronto....



My cat is hungvyyyyyyyyyyyy.... likes to have wolfys for breakfast!!!

Are you on those pills again, oh great Lion-O?

 

[Yzd Khalifa]

Of course... It's THUNDEVVVVVV CATSSSSSS!

Now hide your wolfy, pronto....

My cat is hungvyyyyyyyyyyyy.... likes to have wolfys for breakfast!!!

You'd better be careful what you wish for as things are about to get ugly

Are you on those pills again, oh great Lion-O?

Volume, mushroom, and ecstasy

 

[Mozambique Drill]

How about you fund some humanitarian assistance to the Syrians instead?

UNHCR are saying they only got a third of the donations promised to them.

2 million refugees.

The west funding more of the humanitarian even though the Gulf is swimming in money.