Public Affairs

AUK Finance Class Invites Executive Director of Sabayiks Group for a Talk

07th Nov 2019 | by the Department of PR & Marketing

The Executive Director of Sabayiks Group, Dr. Rajab Hamed, was invited as a guest speaker to talk to AUK’s finance class on ‘Investing in Gold’. The talk involved different methods of investing in gold through physical trading or virtual trading of gold, and the different types of sizes, weights, and names of gold in different countries. He offered some tips with regards to finding out the cost and value of gold in the world market, and how to select traders/shops to work with to increase an individual’s overall wealth and make profits. The talk also involved understanding risk and how bigger investments also increases risk; but dealing with gold is a sure method to trade as it is a tangible and precious metal that would never decrease in the overall price long-term. During the talk, Dr. Hamed also mentioned that countries with high reserves in gold tend to be more politically and economically stable, ‘rich’ countries. He also emphasized that when there is a political or economic crisis in a country, prices of gold tend to increase and therefore investors should be wary of this information.

Dr. Ragab Hamed is a financial consultant and analyst with 23 years of experience in the precious metals sector in the Middle East as well as a prominent guest in most economic Arab satellite channels. Dr. Hamed is currently working as a Partner Manager of Sabayik Group Kuwait, Qatar, Egypt, and Oman and is preparing an MA thesis on ‘Islamic Transactions of Gold and Silver in Markets’. He is also publishing a book on gold in Islam. He carries many educational and awareness programs in the gold and jewelry sector through the Ministry of Trade and Industry of Kuwait.
    
Photos from the talk
 

   

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