Rizan Jewellery, one of the leading players in the UAE’s gold bullion and wholesale jewellery industry, inaugurated its corporate office in Dubai’s New Gold Souq on Saturday to enhance its presence in the market.
Padma Shri M. A. Yusuf Ali officially opened the new corporate office. Along with Yusuf Ali, the Chairman of Lulu Group International and Vice Chairman of the Abu Dhabi Chamber of Commerce and Industry, many dignitaries, government officials and Rizan representatives have attended the event.
Coinciding with the inauguration, Rizan Jewellery also launched new gold kilo and tola gold bar products produced by its group entity, Auriz Refinery. The refinery is the very first such industrial venture by a Keralite entrepreneur in Sharjah Airport Free Zone at an investment of USD 20 million with an initial production capacity aimed at 30 tonnes of gold and Jewellery products per annum.
The dignitaries at the inauguration of the new Corporate Office included Kurukkoli Moideen, Member of the Legislative Assembly (MLA) of Kerala, Mr. Shamshudheen Bin Muhyudheen, Chairman, Regency Group, Rizan Group Chairman and Managing Director, Shanoob PP, Sea Shore Group CEO, Hashiq Pandikkadavath, UAE KMCC General Secretary, PK Anwar Naha, Shaheen Ali, PP Group Financial Consultant and CEO of Fifth Strategy, Kayzan Group Executive Director, Sakkeer Hussain, Rizan Group Operations Director, Khwaja Mazharudheen, General Manager, Mohammed Ashiq, Kayzan Group Director, Mujeeb Rahman, Rizan Group Director, Siddique Koppath, Kimiya International Soap Factory Director, Muhammad Jiyad, among others.
Rizan Jewelry, an acknowledged name in bullion trading, gold bars, gold coins and jewelry, is present across both wholesale and retail, and with the launch of the new range of products from Auriz Refinery, `Made in UAE’ tola and kilo bars as well as coins will now be available to gold customers.
The Group has a reputation of over 40 years in the region, and most of the jewellery outlets in the Middle East are its customers.
“The Rizan corporate office has been opened in the interests of our customers across the wholesale and retail space. We believe that this will help us add more value to our customer-centric propositions. With the opening of the new entity, we will be able to enhance our focus on attracting new global customers,” said Shanoob P. P, Rizan Group Managing Director and Chairman, in a press conference.
Rizan Group’s businesses span scrap or used gold, various categories of gold bars, coins and jewellery. It has ten outlets across the region, including three in Dubai’s Gold Souq, one each in Bur Dubai, Abu Dhabi and Sharjah, and two in Oman, including a manufacturing unit.
Group companies include Rizan Jewelry and Precious Metals, Kimia International Soap Factory, AQ Diamonds, Peek Trading Company, Germoff Sanitizer, Digitrix (IT Company), Rizan Trading and Centris.