Sam Precious Metals

What Sam Precious Metals does

Sam Precious Metals FZ-LLC is a Dubai-headquartered precious metals refinery that processes gold and silver for enterprise customers spanning jewelers, mining companies, industrial manufacturers, bullion traders, and electronics buyers. Founded in March 2018 by Sami Abu Ahmad, the firm operates a 65,000 sq ft refining and minting facility at Dubai Production City and a 50:50 joint-venture refinery in Cairo (production since 2021), with a Sharjah subsidiary (formerly Sun Gold FZE) functioning as the region's first silver-specialist refinery.

Its core services are organized around five stacked revenue streams. Refining uses proprietary chemical and electrolytic processes to deliver 100% recovery of precious metal content from inputs as low-grade as 10% gold or 5% silver, achieving 999.9 gold and 999 silver purity; assaying combines ISO/IEC 17025-accredited cupellation, ICP, XRF, and titration methods with certified laboratory reporting; melting and casting uses induction technology to convert Good Delivery bars into 1oz, 50g, 100g, and kilo formats; custom minting produces 2D/3D gold and silver coins, medals, and a dozen-plus registered-trademark design bars (Wedding Bouquet, My Love, Sea Queen, Strength, Sam Eagle, etc.) through in-house die-making; and the firm trades physical bullion while offering gold hedging, training via the SAM Precious Metals Institute, and specialty chemicals such as chloroauric acid.

The business model is B2B enterprise sales: account opening requires company registration, trade licenses, board resolutions, OECD due diligence, RJC acknowledgment, and AML questionnaires. Pricing is quote-based, pegged to real-time spot, and not publicly listed. The firm holds Market Maker status on the Dubai Gold & Commodities Exchange for Sharia-compliant spot gold and silver contracts, completed a landmark first silver-grains delivery to the India International Bullion Exchange on its launch day, and distributes into Saudi Arabia through Albagshi Jewelry. Its competitive position rests on a stack of sector certifications (RJC CoP and CoC, UAE Good Delivery, ISO 9001/14001/45001/17025, Fairmined, Fairtrade), a 200+-year combined team, and a stated objective to scale from two operational refineries to thirteen globally over the next decade.

Name

Sam Precious Metals

Legal name

Sam Precious Metals FZ-LLC

Website

https://sampreciousmetals.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Sam Precious Metals is a Dubai-headquartered precious metals refinery offering gold and silver refining, assaying, melting, and minting services to jewelers, industrial companies, mining enterprises, and bullion traders across the UAE and Egypt.

Ownership category

akta.pro rank

Product category

Precious Metals Refining

NAICS

Nonferrous Metal (except Aluminum) Smelting and Refining (33141), Secondary Smelting, Refining, and Alloying of Nonferrous Metal (except Copper and Aluminum) (331492), Jewelry and Silverware Manufacturing (33991)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330), Secondary Smelting & Refining Of Nonferrous Metals (3341)

akta.pro primary industry

Precious Metals Smelting & Refining (IMAKAEAE)

akta.pro secondary industries

Precious Metals Minting & Bullion Products (IMAKAEAJ), Precious Metals Recycling & Urban Mining (E-waste, Catalysts, Jewelry Scrap) (IMAKAEAG), Precious Metals Bullion & Concentrates Trading (Gold, Silver, PGM) (IMAKAJAD)

Keywords

• Precious metals refining
• Gold and silver assaying
• Custom bullion minting
• Precious metal trading
• Diamond separation services

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Precious Metal Refining Services: Refining services for gold and silver with advanced chemical and electrolytic processes achieving 999 and 999.9 purity levels respectively. Charges based on volume and purity requirements.
2. Assaying and Testing Services: Gold and silver assaying services using fire assaying, ICP, XRF, and titration methods with accredited laboratory certification.
3. Custom Minting Services: Custom bullion minting for coins, medallions, and commemorative pieces with hallmarking and full certification. Products include minted gold bars (999.9 purity) and silver bars (999 purity).
4. Gold and Silver Products: Sale of casted gold and silver bars, grains, and minted products. Also includes precious chemicals like gold solutions and chloroauric acid for electronics and laboratory applications.
5. Training and Consulting Services: Precious metals training programs through SAM Precious Metals Institute, plus compliance consulting and due diligence training services.
6. Gold Hedging Services: Strategic hedging solutions to help clients hedge gold and silver positions against market volatility with risk-managed strategies.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Sam Precious Metals operates as a B2B precious metals refinery providing gold and silver refining, assaying, melting, custom minting of bullion bars and coins, and diamond separation services from its Dubai headquarters (with a Cairo, Egypt branch). It guarantees 100% precious metal recovery from low-grade inputs achieving 999.9 purity for gold and 999 purity for silver, and also produces and sells minted and casted gold and silver bars, grains, and precious chemicals such as chloroauric acid gold solution.

Product overview

SAM Precious Metals operates as a premier precious metals refinery headquartered in Dubai, UAE, with a branch in Cairo, Egypt. The company offers a comprehensive portfolio of services centered around gold and silver processing: core refining services utilizing advanced chemical and electrolytic processes for 100% metal recovery; assaying and testing through certified laboratory methods (cupellation, ICP, XRF); melting and casting into various bar formats; custom minting of bullion bars, coins, and medals with proprietary trademark designs; diamond separation from jewellery; and trading/hedging services. The product portfolio includes minted gold bars (999.9 purity) in trademarked designs (Wedding Bouquet, My Love, Sea Queen, Strength), minted silver bars (999 purity), casted gold and silver bars and grains in multiple purity levels (995, 999, 999.9), and precious chemicals including chloroauric acid gold solutions. The company also operates SAM Precious Metals Institute for industry training.

Differentiator

Problem solved

Functional benefit

Brands

• SAM Precious Metals Institute: Non-profit educational arm offering specialized precious metals training programs for industry professionals
• SAM Training Center

Products and services

• Precious Metal Refining Advanced chemical and electrolytic refining of gold and silver from both recycled and mined materials, achieving 999.9 purity for gold and 999 purity for silver with a guaranteed 100% metal recovery from low-grade inputs (10% gold or 5% silver content). Designed for jewelers, mining enterprises, and industrial buyers.
• Gold and Silver Assaying Certified laboratory analysis using fire assaying with cupellation, ICP (Inductively Coupled Plasma), SPARK XRF non-destructive testing, and titration methods to determine gold and silver purity to bullion-grade standards. Issued as accredited certification for downstream trading, refining, and exchange acceptance.
• Gold and Silver Melting Induction melting and casting of Good Delivery bars and grains into 1oz, 50g, 100g, and kilo bar formats at various purity levels, using equipment designed for precision and efficiency. Used by jewelers, traders, and industrial buyers needing standardized finished bar weights.
• Custom Minting End-to-end customization of bullion into minted gold and silver coins, medallions, and commemorative pieces with 2D and 3D designs, hallmarking, and full certification. Produced for corporate gifting, commemoration, and investor collections.
• Diamond Separation Bespoke recovery of diamonds from gold and silver jewelry using non-invasive techniques that preserve the gemstones during the refining process, returning both the precious metal and the intact stones to the customer. For jewelers and owners of mixed-material jewelry.
• Special Refining Services Custom refining solutions for out-of-spec materials, industrial precious-metal waste, low-grade materials, and mixed-metal compositions, delivering maximum yield and purity for challenging inputs. For industrial buyers and specialty recyclers.
• Die Making In-house die crafting for minting of gold and silver bars and coins, providing full control over quality, consistency, and craftsmanship of finished minted products. Supports both SAM's branded and customer-branded minting output.
• Buying and Selling of Gold and Silver Physical bullion trading platform offering competitive spot pricing for gold and silver transactions plus strategic hedging solutions to manage price volatility on long and short positions. For traders, investors, and industrial buyers seeking market maker liquidity.
• Value Added Services Precious metals training programs, compliance consulting (OECD due diligence, RJC standards), due diligence training, and logistics and insurance support for clients shipping and receiving precious metals. Designed for enterprise clients needing compliance and capacity building.
• SAM Precious Metals Institute Specialized precious metals training programs for industry professionals, delivered through a dedicated institute with academic partnerships (e.g., CMT Association MoU and École de Commerce de Lyon) covering compliance, assaying, and trading.
• Gold Minted Bars Minted gold bars in trademarked designs including Wedding Bouquet, My Love, Sea Queen, and Strength (Lion King), with 999.9 purity and serial-number verification. Targeted at collectors, gift buyers, and retail investors served via enterprise distribution.
• Silver Minted Bars Minted silver bars in trademarked designs including Wedding Bouquet, Sea Queen, Strength, and My Mother, at 999 purity with serial-number verification. For collectors, gift buyers, and retail investors.
• Gold Casted Bars and Grains Casted gold bars and grains at 995, 999, and 999.9 purities, including Dubai Good Delivery-certified formats (1kg 999.9 and 12.5kg 995). For investment banks, jewelry manufacturers, industrial buyers, and bullion traders.
• Silver Casted Bars and Grains Casted silver bars and grains at 999 and 9999 purity, available in formats from 500g to large bars (750-1100oz) and Dubai Good Delivery-certified. For industrial buyers, investment banks, jewelry manufacturers, and bullion traders.
• Precious Chemicals - Chloroauric Acid Gold Solution Gold solutions in various concentrations (including chloroauric acid) developed in-house at SAM's refinery, for electronics manufacturing, laboratory applications, and purification processes. For industrial buyers in electronics and laboratory sectors.

Quantifiable outcome

• 100% precious metal recovery rate from materials with as little as 10% gold content or 5% silver content
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eight partnerships are on record, tiered strategic, regional, minor and core.

• École de Commerce de Lyon (ECL)strategicStrategic or Co-development Partner · 1 January 2025Strategic academic partnership between SAM Training Center (now SAM Precious Metals Institute) and Lyon International Business School for global academic development and Francophone community engagement.
• CMT AssociationstrategicStrategic or Co-development Partner · 1 January 2025Strategic MoU signed between SAM Precious Metals Institute and CMT Association to advance industry education and professional development initiatives.
• Colombian Ambassador (H.E. Luis Miguel Merlano Hoyos)strategicStrategic or Co-development Partner · 1 January 2025Hosted the Ambassador of the Republic of Columbia to the UAE to strengthen economic partnership between UAE and Colombia in the precious metals sector.
• Albagshi JewelryregionalChannel Partner/ Reseller/ Distributor · 1 January 2024Saudi Arabian jewelry distributor partnership for luxury market. Teams up at Saudi International Luxury Week to reach high-end jewelry segment in the Gulf region.
• Dubai Police and Dubai TourismminorStrategic or Co-development Partner · 1 January 2020Partnership to install QR code scanning at gateways to Dubai Gold Souq to support contact-less navigation during Covid-19 pandemic, in collaboration with Dubai Gold Jewelry Group.
• Sun Gold FZE (acquired)coreOthers · 1 January 2018Existing refinery in Sharjah acquired with management takeover in 2018. Name changed to SAM Precious Metals FZE, becoming first subsidiary. Later converted to first silver specialist refinery in the region.
• Egyptian Bullion Trader (Joint Venture)coreStrategic or Co-development Partner · 1 January 201850:50 joint venture with Egyptian bullion trader to establish Sam Precious Metals Egypt Branch with management control retained by Dubai headquarters. License received 2019, construction completed 2020, production started 2021.
• Dubai Gold & Jewellery GroupregionalGTM or Marketing Partner · 1 January 2018Member of Dubai Gold & Jewellery Group. Selected as minting partner for Dubai Shopping Festival 2018-2019. Ongoing partnership including QR code scan project at Dubai Gold Souq.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Kaloti Precious Metals: Largest UAE-headquartered precious metals refiner with a similar Dubai-centric footprint, offering gold/silver refining, assaying, casting, and trading. Direct competitor for the same enterprise customer base in MENA and shares Good Delivery, ISO, and RJC certification positioning.
• Emirates Gold LLC: UAE-based precious metals refiner and bullion producer serving jewelers and traders across the Gulf. Directly comparable refining and minted bar product lines with overlapping customer segments in Dubai and the wider GCC jewelry industry.
• PAMP Suisse (MKS PAMP GROUP): Swiss-based LBMA Good Delivery precious metals refiner offering LBMA-certified bars, minted products, and trading services. The global benchmark for branded precious metals refining against which SAM's 999.9/999 purity products directly compete.
• Valcambi SA: Swiss precious metals refiner with LBMA Good Delivery status and renowned CombiBars, offering refining and minted bullion to global investors. Closest functional analog to SAM in terms of full-service refining-to-branded-bullion vertical integration.
• Argor-Heraeus: Swiss precious metals refiner with LBMA Good Delivery, offering refining, minting, and trading of gold, silver, platinum, and palladium. Comparable in scale and scope of services, including industrial precious metals recovery.
• Metalor Technologies (Tanaka): Switzerland-based precious metals refiner (acquired by Tanaka Kikinzoku Kogyo) with global Good Delivery status and industrial precious chemicals product line. Direct overlap with SAM's electrolytic refining and chloroauric acid chemistry offerings.
• Italpreziosi: Italian LBMA Good Delivery refiner specialized in gold and silver refining, assaying, and ethical sourcing (RJC-certified). Closest European peer in terms of business mix, ethical sourcing emphasis, and jewelry-manufacturer customer base.
• Sunshine Minting: US-based precious metals refiner and mint producing LBMA Good Delivery bullion and custom minted products for global markets. Directly comparable blending of refining services and proprietary branded/trademarked minted products for retail and institutional customers.

Broad incumbents

• Heraeus Precious Metals: German-headquartered global precious metals conglomerate offering refining, trading, and industrial precious metals products across multiple geographies and chemistries. Larger, established player operating well beyond SAM's current geographic and product footprint.
• Royal Canadian Mint: Canadian government-owned precious metals mint producing legal tender coins, bullion, and refined bars with LBMA Good Delivery status. Comparable minting and bullion certification capabilities, but operates as a sovereign mint with broader mandate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/SamPreciousMetals
• LinkedInlinkedin.com/company/sam-precious-metals
• Instagraminstagram.com/sampreciousmetals

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sam Precious Metals