genevaSaudi’s Princess Latifa Bint Fahd Bin Abdul Aziz Al Saud spent over SR 232 million for a historical property in Geneva, reported Gulf News.

The estate that the princess bought was previously owned by an early 20th century Swiss president. According to Swiss daily, Tribune de Geneve, the princess is committed to “preserving the heritage”. The price for the 18,800-square-meter estate is the second-highest on record in the city.

Princess Latifa is a daughter of former King Fahd. She is one of many Saudi royals who have settled in Geneva, the second most populous city in Switzerland.