By Sarakshi Rai |
Dubai ruler and UAE Prime Minister Sheikh Mohammed Bin Rashid Al Maktoum has been ordered by a U.K. court to pay his ex-wife, Jordan’s Princess Haya bint al-Hussein, $734 million in a divorce settlement.
This divorce settlement is one of the largest ever handed down by a British court and will be used to support Haya and the couple’s two children – Jalila, 14, and Zayed, 9.
As part of the settlement, which was made public on Tuesday, Justice Philip Moor ruled that Mohammed must pay Haya $333 million in the next three months, in addition to funds set aside for an education fund for the children.
Additionally, Judge Moor said that the biggest threat facing Haya and her children is from “[Mohammed] himself, not from outside sources.” He added that they needed “water-tight security.”
The ruling also sets aside $14.5 million a year to cover security costs.
Payments of more than $7 million each year, which are secured by a guarantee of more than $384 million, will be made to both children.
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