Two Saudi households bought 62 Maltese passports: Report | Saudi Arabia Information

Dozens of Saudi nationals belonging to 2 of the nation’s wealthiest households grew to become Maltese residents – and thus residents of the European Union – final yr after paying tens of millions of {dollars} to purchase the nation’s passports, the Instances of Malta reported.

Malta launched its controversial money for passports scheme in 2013 when the Maltese citizenship might be purchased for 650,000 euros ($743,000).

The Maltese passport permits freedom of motion inside the EU, because the holder of the passport has computerized European citizenship.

Earlier this week, Malta’s authorities gazette revealed the names of 62 Saudis belonging to the al-Muhaidib and al-Agil households, who have been named by Forbes journal as among the many richest on the earth.

The newspaper identified that the members of the family, most of them minors, grew to become Maltese residents in 2017, and may not have set foot on Maltese territory but.

Rich households

Established in 1946, the al-Muhaidib Group offers in development and foodstuffs. It’s headed by Sulaiman Al-Muhaidib, whose fortune, in accordance with Forbes, exceeds three billion euros.

He acquired the Maltese passport together with 34 of his brothers, spouses and members of the family.

The al-Agil household, which owns the Jarir Group enterprise empire, has a wealth of over 1.5bn euros and obtained 27 Maltese passports.

The Jarir Group, which is listed on the Saudi Inventory Alternate, is managed by brothers Mohammed, Abdulkarim, Abdulsalam, Abdullah and Nasser. All of them acquired Maltese passports.

Based on the Instances of Malta, the checklist revealed by the gazette doesn’t present data on the sum of money paid by the Muhaidib and Agil households for the passports.

The Malta authorities have refused calls to publish an inventory of foreigners who’ve obtained citizenship by means of cost, and as a substitute publish the names of recent Maltese residents yearly, together with those that went by means of the lengthy strategy of naturalization.

Based on the Instances of Malta, a big proportion of the consumers of the Maltese passport are from Saudi Arabia and different Gulf states.

Supply hyperlink

Be the first to comment

Leave a Reply

Your email address will not be published.