(Bloomberg) -- Two Saudi royals at loggerheads over an 18-bedroom Beverly Hills compound put their disputes over the property and its potential sale behind them.
Prince Faisal Bin Abdullah Bin Abdulaziz Al Saud, and his ex-wife, Fahdah Husain Abdulrahman Al-Athel, agreed to settle a three-year-old lawsuit in Delaware Chancery Court over who should pay for renovations, according to court filings. The terms of the settlement are confidential, but a judge concluded the accord was “fair, reasonable and adequate, and in the best interests” of the warring royals, according to the filing Tuesday.
The couple, who got married in 2001, bought the more than 27,000-square-foot structure in California, located at 76 Beverly Park Lane, in October 2011 for $16.8 million through a Delaware company. The pair were divorced in 2016. The property has two separate mansions on 2.3 acres, and includes 28 bathrooms. The neighbors in the gated community include actor Mark Wahlberg, Platinum Equity fund chief executive officer Tom Gores and ex-San Francisco Giants slugger Barry Bonds.
The prince accused his former wife of failing to properly maintain the property and pay taxes on it. He also demanded the return of a $41 million loan designated for renovations. The couple also clashed over who had the right to sell the compound, according to court filings. It is listed for sale for about $20 million.
The case is His Royal Highness Prince Faisal Bin Abdullah Bin Abdulaziz Al Saud v. Fahdah Husain Abdulrahman Al-Athel, 2018-0364, Delaware Chancery Court (Wilmington).
©2022 Bloomberg L.P.
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