Last Update 13:4
Friday, 18 October 2019

Saudi princess dishes out $62 m for Geneva estate

Princess Latifa Bin Fahd bin Abdulaziz Al Saud buys $62 million home of 20th century Swiss president

AFP , Monday 2 Sep 2013
Views: 1827
Views: 1827

A Saudi princess has bought a historical Geneva estate that once belonged to a former Swiss president for 57.5 million Swiss francs ($62 million, 47 million euros), media reported Monday.

Princess Latifa Bin Fahd bin Abdulaziz Al Saud, who is 54 and a daughter of former king Fahd, bought the 18,800-square-metre (202,362-square-foot) estate from the wealthy Nordmann family that co-owns upscale department store chain Manor and the maker of Lacoste clothing.

The purchase price for the property, which once belonged to Gustave Ador who served as Swiss president early in the 20th century, is the second-highest on record in the city.

The daughter of Kazakhstan President Nursultan Nazarbayev, Dinara Kulibayeva, holds the current record after she bought a property on the posh southern shores of Lake Geneva in 2009 for 74.7 million Swiss francs.

Al Saud, who like Kulibayeva has settled nearby, has committed to "preserving the heritage", the Tribune de Geneve daily reported.

She joins a number of other Saudi royals who already live in luxurious settings in the Swiss city.

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

02-09-2013 03:44pm
a women of integrity
i have no wonder for a such women who she has been for business for some decade to bought such house she deserves morthan that bcos she didnt just sit as a princess not to work hard for her future .
Comment's Title

© 2010 Ahram Online.