H3 (yacht)
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H3 (yacht)
''H3'' is a luxury yacht, measuring in length. ceremonial ship launching, launched in 2000 as ''Al Mirqab'', she had her hull assembled in Durban, South Africa, and then finished at the Oceanco yard in the Netherlands to the design of the A Group. ''H3'' is powered by three 10,000-hp MTU Friedrichshafen, MTU 20-cylinder engines with speeds available of up to 24 knots. History Previous ownership The yacht was initially owned by Hamad bin Jassim bin Jaber Al Thani and was known as ''Al Mirqab''. Indian businessman Vijay Mallya bought the yacht in 2006 for an undisclosed purchase price and renamed her ''Indian Empress''. In 2018, she was sold for €35 million to a member of the House of Saud, Saudi Royal Family and renamed ''NEOM'' to promote the new city also named Neom. In 2020, ''NEOM'' went back to Oceanco for a refit by her Waleed bin Ibrahim Al Ibrahim, current owner, from which she emerged in 2023 with a new name, ''H3''. Legal issues During 2017, Mallya was su ...
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Waleed Bin Ibrahim Al Ibrahim
Waleed bin Ibrahim Al Ibrahim ( ''Walīd bin Ibrahīm Āl Ibrahīm'') (born 1962) is a Saudi Arabian businessman, and founder and chairman of Middle East Broadcasting Center, known as MBC Group. In 2018, the government of Saudi Arabia arranged to acquire 60 percent of MBC, leaving the remaining 40 per cent of the company in Al Ibrahim’s hands. MBC Group said in a statement that Al Ibrahim would retain his stake and had, in his capacity as chairman, reviewed growth plans during a meeting held in the United Arab Emirates on 29 May 2018. The Saudi Arabian government's acquisition of the MBC stake came against the backdrop of a number of owners and board members of MBC being summoned in 2017 to Riyadh, where they were arrested, accused of corruption, and locked in the Ritz-Carlton. These moves came following years of the Saudi Crown Prince attempting to purchase the media company. After 83 days the company's chief owner Waleed al-Ibrahim was released. A "senior MBC executive" was ...
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