ITV News published this video item, entitled “Ruler of Dubai ordered to pay around £550 million to ex-wife and their children | ITV News” – below is their description.
The ruler of Dubai has been ordered to pay around £550 million to his former wife and their two children in what is thought to be the largest award of its kind ordered by an English court.
Sheikh Mohammed bin Rashid Al Maktoum, 72, will now have to pay £251.5 million to his sixth wife Princess Haya Bint Al Hussein, 47, as well as making ongoing payments for their children Al Jalila, 14, and Zayed, nine.
In a ruling published on Tuesday, Mr Justice Moor said the further payments are underpinned by a bank guarantee of £290 million to cover the children’s maintenance and security as adults.
ITV News YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.