Tuesday, 3 December 2013

Rolex Datejust Saudi Logo with King Fahd Signature

Rolex Datejust with Saudi logo with King Fahd bin Abdulaziz Al Saud signature .

King Fahd bin Abdulaziz Al Saud (16 March 1921 - 1 August 2005) was the King of Saudi Arabia from 1982 to 2005
After the death of King Faisal in 1975, Fahd was named first deputy prime minister and concurrently crown prince in 1975.  By contrast, Prince Fahd had served as minister of education from 1954 to 1960 and minister of interior from 1962 to 1975.

When King Khalid died on 13 June 1982, Fahd succeeded to the throne. He was the fifth king of Saudi Arabia.The most active period of his life was  when he was Crown Prince. He adopted the title "Custodian of the Two Holy Mosques" in 1986, replacing "His Majesty", to signify an Islamic rather than secular authority.
During King Fahd's rule, the royal family's lavish spending of the country's wealth reached its height. In addition, the biggest and most controversial military contract of the century, the Al -Yamamah arms deal was signed on his watch. The contract has cost the Saudi treasury more than $90 billion. These funds were originally allocated to building hospitals, schools, universities and roads.
Fahds's wealth was estimated to be $25 billion in 2002. His wealth in 1988 was $18 billion, making him the second richest person in the world.In addition to residences in Saudi Arabia he had a palace on Costa del Sol which made Marbella a famous place.


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