Abdul Aziz bin Fahd

Explore about the Famous Former King of Saudi Arabia Abdul Aziz bin Fahd, who was born in Saudi Arabia on April 16, 1973. Analyze Abdul Aziz bin Fahd’s net worth, age, bio, birthday, dating, height-weight, wiki. Investigate who is Abdul Aziz bin Fahd dating now? Look into this article to know how old is Abdul […]

Abdul Aziz bin Fahd Biography

Prince Abdul Aziz was first appointed as minister of state without portfolio in May 1998. Then, he was made head of the Office of the Council of Ministers in January 2000, when he was 28 years old. It was reported that after King Fahd’s death, he began to live in Switzerland and came to Saudi Arabia to participate in the meetings of the Council of Ministers.

It emerged in a New York Supreme Court affidavit that he was the secret owner of a $1 billion property portfolio in the US which owns the American headquarters of the oil giant BP and the defence contractor BAE Systems. In January 2002 The Daily Telegraph newspaper valued the portfolio at £4 billion. The affidavit, which was subsequently partially sealed by the judge but had already become available on internet blogs, stated that the properties were being managed by a group which included Sheikh Majid Al Ibrahim, Prince’s maternal uncle, and that total control of the portfolio was ultimately seized by Interventure Capital Group and Interventure Advisers, both of Manhattan, New York. According to a press release issued by Hyatt Hotels Corporation, Interventure Capital Group is run by Jaber Al Ibrahim and is an adviser to Naseel Holding Company, the Al Ibrahim family investment vehicle chaired by Sheikh Majid Al Ibrahim.

Abdul Aziz bin Fahd married Al Anoud bint Faisal Al Saud in December 2010. His wife is a granddaughter of late Sultan bin Abdulaziz and of Mishaal bin Abdulaziz.

According to a report in The Daily Telegraph in October 2010, Interventure Capital Group is also behind another major portfolio of properties which had been controlled by a UK-based company, StratREAL. Assets purchased by StratREAL on behalf of Prince Abdul Aziz bin Fahd included Fifth Street Towers, a Minneapolis office complex, for $294 million in 2007. In May 2012, following a foreclosure on the complex for mortgage default, Fifth Street Towers was sold at a sheriff’s auction for $1 over the outstanding debt of $110 million.

He dealt with camel racing in Saudi Arabia. His camels won the race organized in the Janadriyah festival in 2011.

On 26 June 2011, he was relieved from his position as head of the court of Cabinet affairs by a royal decree. It was declared that he resigned from his posts of minister of State and member of the Council of Ministers at his own request in June 2011.

The Times reported in July 2013 that Abdul Aziz was offering to sell for £100 million his mansion at 5 Palace Green, on London’s Kensington Palace Gardens (nicknamed “Billionaires’ Row”).

The fate of Prince Abdul Aziz bin Fahd is uncertain. There were rumors that Abdul Aziz, age 46, was killed by a death squad while resisting arrest, but the Saudi information ministry released a statement saying that the prince was “alive and well.” In November 2018 Prince Nawaf bin Faisal tweeted a video showing that Abdul Aziz bin Fahd is still alive.

His ties with Saudi Oger were well known in Saudi Arabia. The company was founded by Rafik Hariri, who built Saudi Oger into a large company with the assistance of King Fahd. Hariri said ‘The meat on my shoulder is from King Fahd,’ according to As’ad Abu Khalil, a professor of political science at California State University Stanislaus, who has written several books and runs the blog The Angry Arab News Service. Hariri, also a former prime minister of Lebanon, was assassinated in 2005. His son, Saad Hariri, took over Saudi Oger and became Lebanon’s prime minister for 14 months before he was ousted in 2011. Saad Hariri and Prince Abdul Aziz are known to be close.

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