About us
Background and Key Executives
| Mr. Jean Eid Kfoury |
| Mr. Jean Eid Kfoury started the gold refinery in the Gold and Diamond Park, Dubai, in September 2002. The refinery is registered with the Jebel Ali Free Zone Authority, registration number 362, and license number 9611. Mr. Kfoury is a Lebanese citizen and a qualified chemist. Jean is the Refinery Operations Director. |
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| Mr. Terry MacNamara |
| Mr. Terry MacNamara, a British Chartered Management Accountant, deals with Kfoury Gold Finance, Administration and Gold Contracts. Terry is the Refinery Finance Director. |
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| Mr. Michael McDonagh |
| Mr. Michael McDonagh, an Irish Business man and Financier, supplies the bank collateral underpinning Raw Gold Contracts. Mike is the Refinery Managing Director. |
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| Mr. Rajesh Mirpuri |
| Mr. Rajesh Mirpuri, an Indian citizen, is the refinery Business Development Executive. |
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General Terms and Conditions for Sale and Purchase of Raw Gold
The refinery can process up to 500 kilos of raw gold per day either in dust or smelted form. “ALEX STEWART (Assayers) DUBAI FZCO”, an international company based in the Gold and Diamond Park, Dubai, assay the refined gold on behalf of Kfoury Gold FZCO.
All shipments of raw gold to the Kfoury Refinery from abroad are routed through Group 4 Securicor (G4S) based in Dubai International Airport Free Zone, who provides customs clearance facilities and secure delivery to the refinery in the Gold and Diamond Park, Dubai.
The raw gold seller, or his representative, must be present when the gold is delivered to the refinery to witness the weighting and smelting procedure. The raw gold will be weighted and then smelted into bars, which will be taken to ALEX STEWART (Assayers) for assaying.
Kfoury Gold FZCO will purchase the gold at the contracted price per kilo of pure gold based on the assay certificate quantity and quality. Payment will be made by bank-to-bank transfer on the next banking day following the final assay report. The seller, or his representative, may be present in the bank when the transfer is being set-up and collect a copy of the bank SWIFT transfer slip.
Kfoury Gold FZCO banks with Standard Chartered Bank, Jebel Ali Branch, Dubai, UAE |