The High Court in London today ordered Dubai's ruler, Sheikh Mohammed bin Rashid Al Maktoum, to pay his former wife, Princess Haya Bint Al Hussein, approximately 550 million pounds ($730 million) to settle a custody battle.
The High Court judge said the Dubai ruler must make ongoing payments for their children, Jalila and Zayed, by a bank guarantee of 290 million pounds. As per reports, the settlement includes 11 million pounds a year to cover security costs for Princess Haya and the children while they are minors.
The judge said: “She is not asking for an award for herself other than for security” and to compensate her for the possessions she lost as a result of the marital breakdown.
Apparently, this is one of the most costly divorce settlements in British history.