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 loans and interest. The tussle resulted in 270–foot 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 Yachts has finally come through. Stunning Sarafsa has now moved to the port of Valletta, Malta, where she arrived on April 1st with a new name, ‘Pure’.


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 motoryacht was listed for sale with Rupert Nelson and Matt Pinckney at Burgess for a significant price reduction of $10,000,000.

Also read -  An American millionaire is building the world's largest sportfish yacht - Longer than an Olympic-sized swimming pool the luxury vessel is designed to chase swordfish, marlin, and sailfish. It is spread across 6 decks and has laser-powered external lighting.

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 on board. 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.

Also read -  Former Chelsea FC owner Roman Abramovich faces a troublesome future after losing a legal battle to overturn EU sanctions. His superyachts, the $600 million Solaris and the $700 million Eclipse, are even further from his grasp now.

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.

Tags from the story
,