AL ETIHAD GOLD

What AL ETIHAD GOLD does

Al Etihad Gold (legal entity: Al Etihad Gold FZCO) is a Dubai-based precious metals refinery established in 2012 and operating from the Jumeirah Lakes Towers free zone within DMCC. The company provides a comprehensive suite of gold and silver processing services — refining of scrap metal, jewellery, and high-grade doré; electric induction furnace smelting; fire assay, titration, ICP, and X-ray fluorescence assaying; diamond removal from jewellery; and bespoke minting of bars, coins, and medallions. Its products include kilo bars (1kg down to 100g), Ten Tola bars, fine gold and silver grains, and a designed line of minted bars featuring religious (Quran, Al Aqsa, Mecca) and floral motifs.

The refinery is built on a ~4,282.6 square meter facility that was designed to comply with Dubai Municipality, EHS, and Green Building codes. Its core technology includes an exclusive proprietary chemical refining process and an environmentally friendly electric induction furnace smelting method. Al Etihad Gold holds Dubai Good Delivery accreditation for gold (ranked 19th) and silver (ranked 13th), UAE Good Delivery accreditation, ISO 9001:2008, ISO 14001:2004, ISO OHSAS 18001:2007, and was the first Middle East refinery to achieve ISO 17025:2005 (testing laboratory accreditation) and Conflict-Free Smelter Program certification. It is a Responsible Jewellery Council Certified Member and an RMI conformant Gold Refiner.

Revenue is generated through transaction-based fees on refining, smelting, assaying, and diamond removal services, alongside direct sales of bullion bars and minted products. Distribution occurs via direct B2B refinery accounts (requiring full KYC/AML and trade license onboarding), approved bullion traders, financial institutions, and gold retailers, with geographic reach across the Middle East, India, Africa, China, and Europe. The company is privately held by partners Salah Abbas Ebrahim Khalaf and Adel Abbas Ebrahim Khalaf, who also control sister firm Al Bahrain Jewellery Group; no external institutional funding or public listing has been disclosed.

Name

AL ETIHAD GOLD

Legal name

Al Etihad Gold FZCO

Website

https://aletihadgold.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

Al Etihad Gold is a Dubai-based precious metals refinery offering gold and silver refining, smelting, assaying, diamond removal, and bespoke minting services. It serves jewellery manufacturers, bullion traders, mining companies, banks, and individual investors across the Middle East, India, Africa, China, and Europe.

Ownership category

akta.pro rank

Product category

Precious Metals Refining & Bullion Manufacturing

NAICS

Nonferrous Metal (except Aluminum) Smelting and Refining (33141)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330), Jewelry, Precious Metal (3911)

akta.pro primary industry

Precious Metals Smelting & Refining (IMAKAEAE)

akta.pro secondary industry

Precious Metals Minting & Bullion Products (IMAKAEAJ)

Keywords

• Gold refining services
• Silver refining services
• Precious metals assaying
• Bullion bar manufacturing
• Custom gold minting

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Gold Refining Services: Refining of scrap gold and silver, scrap gold and silver jewellery, and high-grade doré using advanced chemical processes with highest quality and capacity in the region.
2. Smelting Services: Converting large bars of fine gold and silver into smaller ingots or grains using electric induction furnace technology with shortest turnaround times at competitive premiums.
3. Assaying Services: Full-scale on-site assaying services using fire assay, titration, ICP, and X-ray fluorescence for determining fineness of precious metals.
4. Diamond Removal Services: Bespoke diamond and gold separation services with state-of-the-art refining department for diamond recovery, offering highest quality inspection and precision.
5. Gold & Silver Minting Services: Production of customized bullions, medallions, coins and medals, including bespoke minted bars with personalized designs and options for customization.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels8 records

Core offering

Al Etihad Gold operates a precious metals refinery in Dubai that chemically refines scrap gold and silver, scrap jewellery, and high-grade doré; smelts large lots into smaller bars and grains using electric induction furnaces; provides on-site fire assay, ICP and XRF assaying; recovers diamonds from jewellery; and produces customized gold and silver bullion, medallions, coins and medals. It sells large-format gold and silver bars (1 kg, 500 g, 250 g, 100 g), Ten Tola bars, fine grains, and a full line of minted gold bars (1 g to 100 g) in religious, floral, and traditional designs.

Product overview

Al Etihad Gold is a Dubai-based precious metals refinery offering a comprehensive portfolio of gold and silver products alongside specialized refining and processing services. The product portfolio includes Large Gold Bars (1kg, 500g, 250g, 100g), Ten Tola Bars, Fine Gold Grains, and a full range of Silver Bars (1kg, 500g, 250g, 100g) and Silver Grains. The company also produces a distinctive line of Minted Gold Bars in various designs including religious themes (Mecca, Quran, Al Aqsa, Palm Tree), floral patterns (Butterfly, Lily, Sunflower, Daffodils, Flower Basket), and traditional motifs (Dhow, Lady Flower). Services include gold and silver refining using proprietary chemical processes, electric induction smelting, fire assay and ICP-based assaying, diamond removal from jewellery, and bespoke minting services for customized bullion and medallions.

Differentiator

Problem solved

Functional benefit

Products and services

• Gold Kilo Bar (1kg) Large gold bar weighing 1 kilogram with purity of 999.9 parts per thousand Fine Gold, compliant with UAE Good Delivery standards for 1 kg gold bars. Sold to bullion traders, banks, and financial institutions for wholesale physical trading.
• 500 Gram Gold Bar Gold bar weighing 500 grams with purity of 995.0 or 999.9 parts per thousand Fine Gold, sold to bullion traders and financial institutions for wholesale trading.
• 250 Gram Gold Bar Gold bar weighing 250 grams with purity of 995.0 or 999.9 parts per thousand Fine Gold, sold through bullion traders and financial institutions.
• 100 Gram Gold Bar Gold bar weighing 100 grams with purity of 995.0 or 999.0 parts per thousand Fine Gold, available for wholesale and investment distribution.
• Ten Tola Bar Gold bar in the traditional Ten Tola format weighing approximately 116.6 grams with purity of 999.0 or 999.9 parts per thousand Fine Gold, targeted at regional bullion markets.
• Fine Gold Grains Granular fine gold product with purity of 995.0 or 999.9 parts per thousand Fine Gold, produced from electric induction furnace smelting.
• Silver Bars (1kg / 500g / 250g / 100g) Silver bars in 1 kg, 500 g, 250 g and 100 g denominations with 999.0 parts per thousand Fine Silver, sold to bullion traders and financial institutions.
• Fine Silver Grains Granular silver product with 999.0 parts per thousand Fine Silver, produced from electric induction furnace smelting.
• Minted Gold Bars (1g to 100g, multiple designs) Minted gold bars in 1 g to 100 g denominations across religious (Al Aqsa, Mecca, Quran, Palm Tree, Dhow) and floral (Butterfly, Lily, Sunflower, Daffodils, Flower Basket, Lady Flower) designs, manufactured by minting or stamping rolled gold sheet, with security packaging (watermark and UV luminescent pattern). Available plain or with hook, with one-side customization for client logos or designs. Distributed through gold traders and retailers for individual investors and gift markets.
• Refining Services Chemical refining of scrap gold and silver, scrap jewellery, and high-grade doré using an exclusive proprietary chemical process, with the highest refining capacity in the region. Delivered to jewellery manufacturers, bullion traders and mining companies under B2B refinery accounts.
• Smelting Services Gold and silver smelting using an electric induction furnace to convert large bars of fine gold and silver into smaller category bars or grains across various sizes and purity levels, with the shortest turnaround times at competitive premiums.
• Assaying Services On-site full-scale assaying of precious metals using Fire Assay Method (Cupellation), Titration, Inductive Coupled Plasma (ICP), and X-ray Fluorescence for high-precision determination of gold and silver fineness. Operated from the first ISO 17025:2005-accredited gold refinery testing laboratory in the Middle East.
• Diamond Removal Services Bespoke diamond and gold separation service that recovers diamonds from scrap gold and silver jewellery, enabling jewellery manufacturers to retain stone value when refining metal. Offered from a state-of-the-art refining department with highest quality inspection and precision.
• Gold & Silver Minting Services Custom minting of gold and silver bullion, medallions, coins and medals, producing bespoke minted bars with personalized designs and client logos from the company premises in Dubai for clients worldwide.

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core.

• Dubai Multi Commodities Centre (DMCC)coreStrategic or Co-development PartnerAl Etihad Gold is a member of DMCC with License No. DMCC-31770. The company operates within the Jumeirah Lakes Towers free zone and is bound by DMCC rules and regulations for responsible supply chain management. DMCC provides the Dubai Good Delivery (DGD) accreditation framework.
• Bureau VeritascoreImplementation/ SI/ Consulting PartnerBureau Veritas conducts Independent Reasonable Assurance audits on Al Etihad Gold's compliance with DMCC Practical Guidance for responsible sourcing of precious metals. Bureau Veritas is a global professional services company specializing in Quality, Health, Safety, Social and Environmental management with nearly 180 years of history.
• SGS North America Inc.coreImplementation/ SI/ Consulting PartnerSGS North America Inc. conducted the Conflict-Free Smelter Program audit for Al Etihad Gold for the period September 2015 to September 2016. The audit concluded that Al Etihad Gold is Compliant with the CFSP Gold Protocol.
• SCS Global ServicescoreImplementation/ SI/ Consulting PartnerSCS Global Services conducted the Responsible Minerals Assurance Process GOLD Refiner Standard assessment for Al Etihad Gold for the period September 2018 to November 2019. The audit concluded Al Etihad Gold is Compliant with the Gold Protocol.
• Responsible Jewellery Council (RJC)coreStrategic or Co-development PartnerAl Etihad Gold is a Certified Responsible Jewellery Council Member, audited against RJC Code of Practice 2019 which includes due diligence requirements for responsible sourcing from conflict-affected and high-risk areas. The certification was conducted by Bureau Veritas Italy.
• Responsible Minerals Initiative (RMI)coreStrategic or Co-development PartnerFormerly CFSI, RMI provides the Responsible Minerals Assurance Process (RMAP) for gold refiners. Al Etihad Gold is a conformant Gold Refiner under the RMAP program, voluntarily participating in supply chain transparency audits.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Kaloti Precious Metals: DMCC-licensed Dubai-based gold and silver refiner and bullion trader with comparable DGD/UAEGD accreditation, serving jewelry manufacturers and bullion banks across the Middle East, India, and Africa. Kaloti is a directly competing DMCC free-zone refiner in the same product/market category as Al Etihad Gold.
• Italpreziosi: LBMA Good Delivery Italian precious metals refiner serving European jewelry manufacturers and bullion traders with refining, assaying, and certified products. Comparable mid-size refiner with similar customer mix.
• Emirates Gold (DMCC): DMCC-licensed Dubai refinery producing UAEGD-standard 1kg gold bars and refined products serving regional jewelers and bullion traders. Directly comparable in accreditation, customer base, and product portfolio.
• MMTC-PAMP: India-based LBMA Good Delivery gold and silver refinery and minted bar producer (MMTC joint venture with PAMP Switzerland) targeting Indian retail and jewelry markets. Highly comparable in precious metals refining, minted bar production, and South Asia/Middle East distribution.

Broad incumbents

• Argor-Heraeus: Swiss LBMA Good Delivery precious metals refiner serving global banks and industrial users with gold, silver, platinum, and palladium refining and minted products. Comparable in refinery accreditation and product lines but operates at materially larger global scale.
• PAMP (MKS PAMP GROUP): Swiss-based LBMA Good Delivery refiner and global minted bar leader with established brand and religious/themed minted bars. Comparable in refined products and minted bar design business, but at significantly larger scale and broader geographic reach.
• Rand Refinery: South African LBMA Good Delivery gold refiner, one of the largest single-site gold refineries in the world. Comparable in LBMA-equivalent accreditation and doré refining services, with materially greater throughput.
• Metalor Technologies: Swiss-based LBMA Good Delivery refiner serving banks, jewelers, and industrial precious metals customers globally. Comparable accreditation and customer base, but operates at larger global scale across multiple precious metals.
• Valcambi: Swiss LBMA Good Delivery refiner and one of the world's largest precious metals refiners, producing minted bars including CombiBar products. Comparable in LBMA/DGD-equivalent accreditation and global minted bar distribution.

Others

• DMCC (Dubai Multi Commodities Centre): Free zone authority and operator of the DGD accreditation framework, Dubai Gold & Commodities Exchange, and industry conferences (e.g., Dubai Precious Metals Conference) in which Al Etihad participates. Ecosystem enabler and regulatory counterpart rather than a direct refining competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/al-etihad-gold

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 AL ETIHAD GOLD