Our Growth Story
Forging Excellence, Shaping the Future
Our Year Wise Growth Story
2018
2019
2020
2021
2022
2023
2018: Foundations Laid and First Steps
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- Sam Precious Metals FZ-LLC (SPM) established in March 2018 and started its operations in a government-authorized free zone called Dubai Production City with office located at Warehouse B-36 with 41 employees and office space of 11,000 square feet under the 100% ownership of Mr. Sami Abu Ahmad.
- Products Offered – Full Range of Casted Bars & Granules
- Silver 999.0
- Gold 995.0, 999.0, 999.9
- Products Offered – Full Range of Casted Bars & Granules
- 50% of Sam Precious Metals sold by Mr. Sami Abu Ahmad to Snyder Prime Limited with full management control kept with Mr. Sami Abu Ahmad. Snyder Prime Limited is an investment company registered at Abu Dhabi Global Market.
- Sam Precious Metals Board of Directors was officially formed with 5 members: 3 directors chosen by Mr. Sami Abu Ahmad and 2 directors chosen by Snyder Prime Limited.
- Sam Precious Metals FZ-LLC acquired an existing refinery in Sharjah called Sun Gold FZE – LLC with management takeover and the name was changed to Sam Precious Metals FZE, which became the first subsidiary of Sam Precious Metals FZ-LLC Dubai.
- Started minted gold bars department with all range of rectangular shapes only with Sam Logo Trademark and purity 999.9 with weight: 1g, 2.5g, 5g, & 10g, One Tola, 20g, oz, 50g & 100g.
- MOU signed with one of the most respectable Bullion traders of Egypt to establish Sam Precious Metals Egypt Branch with Joint Venture of 50:50 and management control with Sam Precious Metals FZ-LLC Dubai – UAE.
- Chosen by Dubai Gold Jewelry Group to be the minting partner for Dubai Shopping Festival Season for the years 2018–2019.
- Renovation & Conversion of Sam Precious Metals FZE Sharjah subsidiary to become the first silver specialist refinery in the region with production commencing by end of year.
- Sam Precious Metals FZ-LLC Main Branch (Dubai operations) received five ISO accreditation certificates relating to Environment, Health and Safety, Management system, Customer Satisfaction, and CE Mark:
- ISO 9001:2015
- ISO 14001:2015
- BS OHSAS 18001:2007
- ISO 10002:2014
- CE MARK
- Sam Precious Metals joined the Responsible Jewelry Council Organization as a member making it the first Gold & Silver Refinery to become a part of this reputable organization in UAE.
2019: Expanding Horizons
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- Sam Precious Metals Egypt Business Plan gets approved and license is received.
- Sam Precious Metals FZ-LLC rewarded as the Title Sponsor at Dubai Precious Metals Conference 2019.
- Sam Precious Metals FZ-LLC rewarded as Kilo Bar Partner at Indian International Gold Conference 2019.
- Sam Precious Metals FZE Sharjah commenced production.
- Total number of manpower increased by 49% to become 61 persons.
- Sam Precious Metals FZ-LLC Main Branch became the first UAE-based refinery to get RJC – CoP certification.
- Sam Precious Metals Egypt construction started.
- Main Branch expanded its office to next building B-37 (to be B36 & B37) to accommodate expanding production lines which will increase the total working space to 22,000 Square feet.
2020: Growth and Innovation
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- Sam Precious Metals FZE Sharjah Subsidiary received five ISO accreditation certificates relating to Environment, Health and Safety, Management system, Customer Satisfaction, and CE Mark:
- ISO 9000:2015
- ISO 14001:2015
- BS OHSAS 18001:2007
- ISO 10002:2014
- CE MARK
- Rosyson FZE joins Sam Precious Metals FZ-LLC Main Branch by buying 25% shares of Synder Prime Limited. The board of directors reformed with management control continuing under Mr. Sami Abu Ahmad. Two directors assigned from SPM, one from Rosyson Investment FZE, and one from Synder Prime Limited.
- Sam Precious Metals Egypt construction completed.
- Total manpower increased by 20% to become 73 persons.
- Sam Precious Metals Egypt accredited ISO 9001:2015 certification for their management system.
- Sam Precious Metals FZ-LLC became a member at Dubai Gold Jewelry Group.
- Installed QR Code Scan at Gateways to Dubai Gold Souq in collaboration with Dubai Police and Dubai Tourism to simplify and support contact-less navigation to prevent the spread of Covid-19.
- Main Branch Manager received appreciation certificate for his contribution to the work done over the years with Dubai customs.
- Main Branch awarded “Mestanes” reward from Dubai Customs.
- Started production in their expanded production space at Dubai Production City, with the total area becoming 22,000 Square feet (B-36 & B-37).
- Main Branch received ISO/IEC 17025:2017 certification for their lab for sampling & testing gold and silver using cupellation method, ICP & XRF for gold. Cupellation method ICP, XRF, and titration method for silver. ISO/IEC 17025:2017 is regarded as one of the highest accreditations for professional precious metals laboratories.
2021: Achievements and Recognition
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- Sam Precious Metals Egypt started production.
- Total manpower increased by 100% to become 146 persons.
- Sam Precious Metals Egypt received 5 accreditations related to environment, Health & Safety, Customer Satisfaction, and CE MARK:
- ISO 9001:2015
- ISO 14001:2015
- ISO 45001:2018
- ISO 10002:2014
- CE CERTIFICATION
- Sam Precious Metals FZ-LLC got Dubai Good Delivery for their granule silver 20kg packaging.
- Sam Precious Metals FZ-LLC got Dubai Good Delivery certification for Silver Large Bars product.
- Signed long-term agreement with Dubai Production City Authority for bigger Plot C-39 with a total Area of 65,000 Square feet, which would consolidate the two refineries in UAE (Sharjah & Dubai) at one location within one to one and half year of developing new place with adding new value-added products.
- Rewarded as the Silver Sponsor at 9th Dubai Precious Metals Conference 2021.
- Rewarded as the Kilo Bar Partner at the Indian Gold Conference (IGC) 2021.
- Chosen to share expertise regarding counterfeit and Brand Protection at EMEA Security Conference and Exhibition.
- Chosen to be The New Jeweller Magazine cover page.
- Interviewed by The New Jeweller Magazine to share thoughts about existing and future of Gold trade in our region as well as giving more insights about Sam Precious Metals Project.
- Got the certificate for 5 new trademarks namely: Bouquet of heart, love tree, moon flower, Sam eagle & Sam horse.
- Certified DGCX – Dubai Gold & Commodities Exchange as its Trade Member.
2022: Continued Excellence
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- Successfully completed the surveillance assessment on ISO/IEC 17025:2017 from the International Accreditations Service (IAS).
- Got the UAE Good Delivery for their Silver grains of minimum 999.0 purity as prescribed in EBC Accreditation Rules.
- Got the UAE Good Delivery for their Silver 750 -1100oz bar of minimum 999.0 purity and 1kg bar of minimum 999.0 purity.
- Recertified by Responsible Jewellery Council (RJC) for Code of Practices (COP).
- Became an RJC Chain of Custody (COC) Certified Entity.
- Got the UAE Good Delivery for their 1kg gold bar of minimum 995.0 purity & 12.5 kg gold bar of minimum 995 purity.
- Got the UAE Good Delivery for their Gold grains of minimum 995.0 purity as prescribed in EBC Accreditation Rules.
- Chosen by Dubai Chamber as the “EXPORTER OF THE MONTH” for April 2022 under the criteria: A Recent Start-up Company with the highest export value.
- Sam Precious Metals Egypt certified by Responsible Jewellery Council (RJC) for Code of Practices (COP).
- Sam Precious Metals Egypt became an RJC Chain of Custody (COC) Certified Entity.
- Powered the Indian Gold Conference 2022.
- Interviewed by Bullion World to speak about SAM’s vision to expand globally by setting up 13 refineries around the globe, and SAM’s focus on responsible business conduct.
- Interview published by Emarat Al Youm newspaper.
- Met all membership requirements and approved under the UAE Good Delivery list for 1kg gold bar of minimum 999.9 purity.
- Chosen to be the cover story of The New Jeweller Magazine, Issue 54.
- Gold and Silver bars can now be traded and cleared on DGCX and its clearing house.
- Title Sponsor for the Dubai Precious Metals Conference (DPMC) 2022.
2023: Leading the Future
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- First refinery in the Middle East to become an RJC Chain of Custody (COC) Certified Entity.
- Sam Precious Metals Egypt met the requirements of AC89, IAS Accreditation Criteria for Testing Laboratories
