by The International Consortium of Investigative Journalists
About Download Support Us

Saudi crown prince

Mohammad bin Naif bin Abdulaziz Al-Saud

UBS bankers used offshore companies to open bank accounts for Saudi crown prince

Related to  Saudi Arabia
Data from: Panama Papers
Mohammad bin Naif bin Abdulaziz Al-Saud, Saudi Arabia’s interior minister and counterterrorism chief, is next in line to the throne after King Salman elevated him twice in the line of succession in 2015. Known as smart and pragmatic, the crown prince has focused mainly on threats from the Islamic State group and Al Qaeda in the Arabian Peninsula and has survived several assassination attempts, including one by an Al Qaeda suicide bomber in the Arabian Peninsula in 2009. He is seen as a strong United States ally, though his support for civil reforms and human rights has been called into question. He has drawn angry rebukes for his handling of the investigation into the deaths of thousands of pilgrims in the Haj in Mecca last September.

In the data

On Oct. 1, 2007, the Paris branch of Swiss bank UBS bought the Panamanian companies Alyneth Limited and Havelock Capital Corporation from Mossack Fonseca. Two days later UBS said that opening a bank account for Havelock Capital Corporation was "extremely urgent". The same day, Al-Saud was granted a power of attorney for both companies and their bank accounts at UBS. In March 2014 Al-Saud closed Havelock's bank account, and the company was inactivated in April 2014.


Al Saud did not respond to a request for comment sent through the Saudi Ministry of Interior.
Former Warsaw mayor; former member EU parliament
Paweł Piskorski
Baroness and lifetime member of U.K. Parliament
Pamela Sharples

Find this content interesting and worth supporting?

Donate to ICIJ. Help us continue investigating important global issues. Gifts made today will be matched up to $10,000.

Donate now
Donate now