After seizing it last year, Credit Suisse has finally sold Saudi Prince Fahad Bin Sultan’s seized $65 million superyacht

Image - Boat International / Burgess / Youtube (screencapture)

Prince Fahad Bin Sultan of Saudi Arabia locked horns with a Swiss bank, Credit Suisse Group AG, in January 2022, over unpaid $78 million in interest and loans. The tussle resulted in 270–feet lavish motor yacht Sarafsa worth roughly $65 million, being seized. The abandoned boat has been moored in Monaco for the longest time, and its sale handled by Burgess Yacht has finally come through. Stunning Sarafsa has now moved to the port of Valletta, Malta, where she arrived on Apr 1st with a new name, Pure yacht.

The vessel won’t just be getting a new name, but as per Esysman Superyachts, the owner is keen on a complete overhaul granting Pure motoryacht the purest, newest form. Sarafsa was a 16-year-old ship built in 2008 by Devonport Yachts for a staggering $65 million. Several years later, Prince Fahad Bin Sultan demanded the same price for its sale. Finally, the 269-foot luxury vessel motor yacht was listed for sale with Rupert Nelson and Matt Pinckney at Burgess for a significant price reduction of $10,000,000.

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The main saloon

Sarafsa, now renamed Pure, will don a new avatar with avant-garde features. It is indeed pleasing to watch a gorgeous motoryacht like Sarafsa getting the treatment it deserves after hosting royals onboard. The six-decker pleasure craft accommodated 14 guests in seven en suite cabins and was serviced by a crew of 23. Sarafsa’s amenities included a cinema, a winter garden dining area, fully-equipped spa with a swimming pool and helipad.

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The owners lounge. Image – Burgess

The major refit will witness big interior and exterior changes, but her elegance will forever remain unchanged. JMS Yachting will manage the project.

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With over 15 years of experience in luxury journalism, Neha Tandon Sharma is a notable senior writer at Luxurylaunches. Her expertise spans luxury yachts, high-end fashion, and celebrity culture. Beyond writing, her passion for fantasy series is evident. Beginning with articles on women-centric gadgets, she's now a leading voice in luxury, with a fondness for opulent superyachts. To date, her portfolio boasts more than 2 million words, often penned alongside a cappuccino.