Who is the Saudi billionaire Mahfouz Merhi, who caused an uproar in the British palace?

Who is the Saudi billionaire Mahfouz Merhi, who caused an uproar in the British palace?
Who is the Saudi billionaire Mahfouz Merhi, who caused an uproar in the British palace?

The prominent Saudi businessman, Mahfouz Marei Mubarak bin Mahfouz, caught the attention in Britain after his name was mentioned in an exciting case that caused an “earthquake” inside the Palace of Government in the United Kingdom, according to British media.

A senior official in the palace, close to Prince Charles, resigned after the name of the Saudi billionaire was mentioned in a letter offering to help “secure a British title and citizenship” for Ibn Mahfouz, who funds Charles’ charitable foundation with millions of dollars.

The billionaire Mahfouz is one of the sons of Sheikh Mari bin Mahfouz, the sheikh of the Al bin Mahfouz tribes in Saudi Arabia and Yemen. He is also a businessman, investing in the commercial, industrial, advisory, and real estate fields.

Mahfouz, the son, was born in 1969, and went through all stages of study, until he obtained a bachelor’s degree in economics and administration (law) from King Abdulaziz University in Saudi Arabia in 1993.

He also obtained a master’s degree in law (international commercial arbitration and Islamic law) at the American University in Britain in 1999, and a doctorate in international law (civil and private law) at King’s College, University of London in 2004.

Billionaire Mahfouz bin Maree has held many positions in his family’s companies, including his appointment as managing director of the “Maree bin Mahfouz & Partners” group, deputy general manager of bin Mahfouz and Partners Ltd., executive director of the World Trade Center in Makkah, and deputy general manager of Jeddah International Exhibitions Company. .

Mahfouz also served as a member of the board of directors of the Saudi Gotun Group of the parent family company, which specializes in paints and coatings, owns 36 production plants in 19 countries, 71 companies in 45 countries, and has agents and branches in more than 90 countries around the world.

He was also appointed to the board of directors of the Saudi Carbonate Company Ltd., and the deputy general manager of the United Aluminum Group.

Outside the family business, Bin Mahfouz held the position of Deputy Director-General of the magazine “Arab Market Economics”, a member of the Board of Directors of the Chamber of Commerce and Industry in Makkah Al-Mukarramah, the chairmanship of the Chamber’s Commercial Committee, and a member of the Commercial Arbitration Committee of the Gulf Cooperation Council.

Buckingham Palace

Last Friday, the British newspaper “Daily Mail” published a letter to Prince Charles’ assistant, Michael Fawcett, who is described as “the Prince of Wales’s closest and closest aide”, containing an offer to help “secure a British title and citizenship” for billionaire Mahfouz.

The publication of the letter prompted Fawcett’s resignation as chief executive of the Prince Charles Foundation, which a former Buckingham Palace official described as “the loss of Fawcett was an earthquake for the future king” who is set to succeed his mother, Queen Elizabeth.

It is noteworthy that a spokesman for the Saudi businessman denied that Mahfouz, who made several donations to Charles’ charities, had requested any arrangements related to granting citizenship or titles from Fawcett.

The spokesman noted that Ibn Mahfouz “did not expect any reward for his charitable donations,” adding: “He expressed his interest in applying for citizenship, but in the end decided not to continue with that.”

The case received wide attention in the British and international media, fearing that it would affect the future of Prince Charles, from whom Mahfouz’s son had received an honorary medal at a special ceremony at Buckingham Palace in 2016, because of his support for charitable work.

 
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