PAMP appoints Gold Holding as its Exclusive Distributor for Gold in Saudi Arabia.
Dubai, United Arab Emirates – November 26th, 2014 – Gold Holding Ltd., the first integrated gold investment company headquartered in the UAE to ensure the delivery of the highest quality services from mining to refining to trading and distribution, and PAMP S.A, the world’s leading bullion brand, headquartered in Switzerland, with dominant positions in the world’s major precious metals markets, are pleased to announce that Gold Holding has been appointed as the Exclusive Distributor of PAMP minted gold bars of 100 grams or less in Saudi Arabia. Gold holding will be operating through its own physical outlets as well as alternative distribution channels.
“We are delighted to be able to be the Exclusive Distributor of PAMP, an internationally renowned refinery of excellence in the Gold market worldwide, in the Kingdom of Saudi Arabia.” stated His Highness Sheikh Sultan Bin Khalifa Bin Sultan Al-Nehayan, Chairman of the Board of Gold Holding. “PAMP products are amongst the finest in the industry and maintain high standards of international compliance while honouring its commitments towards corporate social responsibility.”
“We are very pleased to appoint an organization of such capabilities as Gold Holding, which is based in Dubai, as the Exclusive Distributor of PAMP gold bars in Saudi Arabia” commented PAMP Chairman Marwan Shakarchi. “Saudi Arabia is an important market for us and we look forward to Gold Holding developing its full potential for us.”
'Frederic Panizzutti, Global Head of Sales and Business Development for MKS PAMP Group and CEO of Dubai based MKS Precious Metals DMCC, sees this latest development as another important milestone in the group's Middle Eastern expansion'
PAMP is a Swiss based private corporation, one of the most trusted refiners and fabricators of precious metals, engaged in the design and manufacturing of precious metals products and their distribution in various countries around the world. All business activities are followed in a socially and environmentally responsible manner. PAMP is an integral part of the MKS PAMP Group and, as such, operates closely with MKS (Switzerland) S.A., a leading, global precious metals and financial services company based in Geneva. MKS PAMP group web sites are located at www.mks.ch and www.pamp.com.
Gold Holding is an integrated private investment holding company based in the Dubai International Financial Centre, involved in mining through financing activities including streams, royalties and gold loans, along with refining and minting activities through strategic alliances and facilities, as well as trading through its subsidiary Gold AE which also handles the distribution of its products. Gold Holding currently has investments in the Gulf region, Turkey, Egypt and South America. Gold Holding’s web site is located at www.goldholding.com.
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