Karim Al Enezi, Head of the Precious Metals & Gemtones National Committee at the Saudi Council of Chambers
The gold extracted from Saudi mines is refined in Switzerland, which implies a extraordinarily excessive designate for the mines, amounting to almost 35% of their profits, CNBC Arabia TV reported, citing Karim Al Enezi, Head of the Precious Metals & Gemtones National Committee at the Saudi Council of Chambers.
He added that the Kingdom does no longer own any gold refineries for the time being, noting that the price of organising refineries is extremely excessive.
The committee has currently communicated with the Ministry of Business and Mineral Sources to assert a call on refining gold in the Kingdom, Al Enezi acknowledged.
He added that the Kingdom has the ability and readiness for this, waiting for gold to be refined in the Kingdom soon.