Current Date:

Friday, 14 December 2018

Sudan Launches Gold Investment Bonds

Khartoum- (Zuleikha / Shadia) National Prime Minister and Minister of Finance and Economic Planning Mutaz Musa attended at the Friendship Hall in Khartoum Monday the

launching ceremony by Sudan Financial Services Company of gold investment bonds in the presence of ministers and Sudanese Businessmen Union besides financial companies.
Governor of the Central Bank of Sudan Dr. Mohamed Khair Al Zubair, addressing the launching ceremony of the bonds, affirmed that the door is open for all who want to invest in financing of gold, expressing optimism over the success of the gold bonds mechanism.
He indicated that establishment of gold bourse is responsibility of the financial markets authority, pointing out that it would start its work soon.
The Governor of the central bank pointed out that the fund would finance 24 tons of gold.
Director General of Sudan Financial Services Company Khamis Abu- Amir, on his part, said that the subscription in the fund would be open for individuals and companies, pointing out that the fund aim at purchasing gold and selling it to the central bank, expecting that it would realize profit returns starting from 25%.
He explained that the subscriptions to the fund would be presented during the period October 15-31, 2018, with a capital of SDG3 billion divided into 3000000 bonds at the value of SDG1000 each.