Ruler of Dubai Must Pay $700 Million in Divorce Settlement

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The ruler of Dubai has been ordered by a court to pay $700 million to his ex-wife and children in their divorce settlement.

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Sheikh Mohammed bin Rashid Al Maktoum must pay £251.5 million ($334 million) to his wife, Princess Haya Bint Al Hussein after it was ruled by a high court judge in the UK.

The courts ruling makes the divorce settlement one of the most expensive in British history.

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The majority of the money will be used towards security costs to keep Haya and her 2 young children, Jalila and Zayed, the Daily Mail reports.

This is in order to keep them all safe and to prevent any form of kidnap.

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Underpinned by a bank guarantee of £290 million ($386 million), Sheikh Mohammed must also makes make ongoing payments to their children.

Further payments must also be made for their ongoing security costs for them as adults and their education, the outlet reports.

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In 2019, Haya fled to the UK where she sought custody of her 2 children through the British courts.

Since fleeing, Haya has been involved in various hearings in regards to custody, access and financial support during which it was found probable that Sheikh Mohammed subjected Haya to “intimidation,” hacked her phone, and attempted to buy an estate next to Haya’s house, the Guardian reports.

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The court ordered that Haya’s costs of lifetime security be paid upfront as annually could enable Sheikh Mohammed to reduce the payments.

As per ABC News, in a statement, a spokesman for Sheikh Mohammed said he “has always ensured that his children are provided for” and that “he does not intend to comment further.”

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