Khater Massaad warns investors: Sheikh uses 'forced confessions' to seize assets abroad

Described as the “golden boy of business in the Northern Emirates”, “the tile tycoon of RAK”, Gulf Business coverboy and multi award winning Dr Khater Massaad, has been targeted by Sheikh Saud bin Saqr al Qassimi whose power has gone unchecked by Abu Dhabi.

In his rise to power, Sheikh Saud felt insecure and threatened by his rival brother, Sheikh Khalid. He desperately needed to prove himself to his subjects, embarking on expansive developments in the Emirate and further abroad, recruiting assistance from experienced businessmen like Dr Massaad, who helped Saud develop RAK Ceramics, RAKIA, Al Hamra Village and RAKEEN and making the Emirate billions of dollars.

Khater Massaad was not paid for his work in generation, literally billions of dollars for Sheikh Saud, but owned a small share in RAK ceramics which he eventually sold.