Naeem Holding To Activate Gold Trading License Next October

Naeem Holding (NAHO.CA) will be activating its gold trading license in the Egyptian market by the coming of October through its newly-established firm – Gold Capital.

Youssef Medhat El Far, Naeem Holding Managing Director, said the company had obtained gold trading license two years ago and it will be activated through its firm Gold Capital with a capital of $ one million.

“Such activity will create more opportunities for investors so as to buy gold using international prices.” El Far added

Worth mentioning, Naeem Holding Co. announced that its Board of Directors, at its Board Meeting held on January 16, 2011, approved the establishment of a new company specialized in gold trading with a paid up capital of EGP 250,000.