Dahab Masr: Reshaping the Way People Invest in Gold
Updated 8/15/2023 8:00:00 AM
Arab Finance: Digital gold platforms have emerged as the fastest-growing method of gold investment globally. In Egypt, investors are increasingly turning to gold and other precious metal-backed investments as a means to safeguard their wealth amidst rising inflation and the devaluation of the Egyptian Pound.
Recognizing the growing interest in gold investment, Arab Finance conducted an interview with Fady Kamel, CEO of Dahab Masr, and Amr Fouad, Managing Director of Dahab Masr. During the interview, they shed light on Dahab Masr's unique services, innovative approach, and strategic partnerships.
1- What are the reasons behind Dahab Masr’s interest in precious metals, particularly gold?
We see untapped potential in gold, particularly as an investment option in Egypt. It struck us that gold was often underestimated among many Egyptians, and we saw a golden opportunity—pun intended—to make a difference. By educating communities and spreading awareness about the actual value of gold, we aim to make this investment accessible to everyone. Our goal is not only about profit; it is about inclusion, ensuring that even those often left out of the investment world can participate. We believe that with the proper knowledge and access, gold can become a reliable and inclusive investment avenue that aligns perfectly with the current economic landscape.
2- Can you provide an overview of Dahab Masr's investment strategy and approach?
Our approach at Dahab Masr is all about extending the opportunity for secure investments in gold and precious metals to all sections of society. We take pride in our strategic design, which enables partnerships that make these reliable investment options accessible to individuals, corporations, and organizations. It is not merely about financial transactions but also about building trust and offering commitment. Our vision is to provide innovative solutions that cater to diverse investment needs through collaboration and innovation. This thoughtful strategy reflects our core values and sets the direction for how we operate and serve our clients.
3-What investment opportunities does Dahab Masr offer that are unique compared to other companies in the industry? And how does Dahab Masr differentiate itself from traditional methods of buying gold?
What sets Dahab Masr apart in the industry is not what we offer; but how we offer it. We have made it our mission to break free from the conventional methods of buying gold by embracing today's technology and customer needs. We ensure that customers can easily and conveniently make payments through a variety of options, creating a seamless experience. Our over-the-counter gold transactions add a personal touch, allowing for immediate, face-to-face engagement. Unlike many companies that might be restricted to one platform, we have expanded our reach, making our products accessible to a wider audience. Our recent partnership with Egycash has opened doors to even more possibilities, such as secure storage facilities for our customers. Our dedicated in-house research team goes the extra mile, providing insights that others might miss. The blend of modern innovation, personalized engagement, and attention to detail helps Dahab Masr stand out as an industry leader. We are not just setting standards; we are redefining what excellence and innovation look like in our field.
4- How does Dahab Masr view the current state of global instability and its impact on gold prices?
We have been closely watching global instability and what it means for investments, especially gold. And let us say that gold has been doing more than holding its own. It has been shining bright, reaching an all-time high in April and staying strong above $1,800 per ounce for over half a year. These are not just numbers; they are a testament to gold's resilience and enduring value. Amid all the economic pressures and political uncertainties that the world is facing, gold has stood firm, once again proving itself as a haven for investors. It is not about jumping on a trend; it is about recognizing the importance of this valuable asset in diversified investment strategies, especially during times like these. Gold's remarkable performance in such a challenging landscape is a clear sign of its vital role in investment portfolios, offering both security and opportunity when they are needed most.
5- Can you explain the strategic partnership between Dahab Masr and EgyCash and its significance for the precious metals market?
When we talk about our partnership with EgyCash at Dahab Masr, we are talking about something groundbreaking. It is not just a collaboration; it is the first in the precious metals market. Imagine the convenience of buying and selling gold remotely, with secure storage facilities available for investors. That is what this partnership has made possible. It is not just about enhancing security and convenience; it is about opening doors and creating opportunities that did not exist before. We are aiming to change the way people invest in gold, and this collaboration is at the heart of that mission. Together with EgyCash, we are not just following industry trends; we are setting new standards, all in the service of empowering investors with a seamless experience. It is an exciting time, and we believe this partnership is a significant step in elevating the entire gold investment sector.
6- Can you explain the benefits of investing in gold and precious metals for individuals in the current financial climate?
In the midst of today's uncertain financial climate, investing in gold and precious metals emerges as a compelling strategy. These assets have historically served as a hedge against inflation and economic volatility, providing a measure of stability when other investment options may waver. But the appeal of gold goes beyond merely safety; it is also associated with growth opportunities, especially in burgeoning markets. The diversification that gold and precious metals bring to a portfolio can provide several benefits for astute investors, such as enhancing risk management and offering balance. While recognizing the significance of these assets, it is essential to approach them with a comprehensive understanding of their market dynamics and alignment with an individual's overall investment goals. At Dahab Masr, we view gold and precious metals as vital components of a resilient and forward-looking investment approach.
7- How does Dahab Masr advise and guide its customers in making investments in gold and silver?
Guiding and advising our customers on their investments in gold and silver is something we take incredibly seriously. It is not about a one-size-fits-all approach; it is about understanding each client's individual financial situation and investment goals. We spend time meticulously assessing the options, but our job does not stop at just finding the right assets. We are committed to being transparent and honest in all our dealings, and that sometimes means advising patience instead of immediate action. Our philosophy is not about rushing into decisions that might lead to regret; it is about offering wise counsel, even if that means suggesting a client wait for more favorable opportunities and pricing. We believe this approach not only leads to greater satisfaction for our clients but also sets the stage for long-term success in their investment journey.
8- Can you discuss Dahab Masr's financial performance and track record in the precious metals market?
We are proud of Dahab Masr's success in the precious metals market. With an annual growth rate of 17%, we have been able to make meaningful strides in our industry. Our market share, now at 26%, is a reflection of our dedication to understanding our clients’ needs and the ever-changing dynamics of the market. It is not just about numbers; it is about the trust and relationships we have built, allowing us to carve out our own unique space in the precious metal investment landscape. We view our growth as a symbol of our commitment to innovation and excellence, and we are excited about what the future holds for us in this field.
9-How does Dahab Masr leverage digital platforms and technology to provide investment advice and services in gold and precious metals?
We understand that technology is reshaping the way people invest, and we have embraced this change wholeheartedly. Our use of digital platforms and cutting-edge technology is not just about being modern; it is about putting power and information into the hands of our clients. We provide an online interface where investors can see real-time market data, trends, and analysis on gold and other precious metals. But we do not stop there; we ensure that the information is accurate and transparent, allowing our clients to make independent and well-informed decisions. We are not in the business of telling people what to do; we are here to provide the tools and insights they need to navigate the investment landscape themselves. Our secure and user-friendly digital tools make transactions and portfolio monitoring a breeze, and we believe this approach truly empowers our clients, giving them control and confidence in their investment journey.
10- Can you provide examples of successful investment strategies or case studies that Dahab Masr has implemented in the precious metals market?
In our journey at Dahab Masr, we have embarked on special projects that extend beyond the conventional investment landscape. For instance, our connection with Egypt's youth has led to a unique university program designed to spark an interest in gold investment. Through hands-on learning and mentorship, we encourage a new generation to explore financial opportunities, enhancing financial literacy for the future.
Moreover, our corporate programs are innovative and impactful. We provide businesses with tailored strategies, guiding them toward lucrative avenues in precious metals investment. This dual approach to individual and corporate growth has proven successful, creating a vibrant economic environment that resonates with our core mission.
These initiatives exemplify our commitment to being more than just an investment firm. At Dahab Masr, we are setting new standards in the precious metals industry, leading with purpose, inclusivity, and a vision that seeks to better society as a whole.
11-In your opinion, what are the challenges facing the gold and precious metal markets in Egypt, especially during the instability of prices? And how do you plan to face them?
Facing the challenges in the gold and precious metal markets in Egypt is no small task, especially during periods of price instability. Volatile prices, limited awareness, and complex regulations are hurdles that many encounter. At Dahab Masr, we are not just observing these challenges; we are actively working to tackle them. Our plan includes providing extensive educational resources, collaborating with authorities to simplify processes for newcomers to the market, and leveraging fintech advancements to enhance accessibility, transparency, and decision-making. It is an approach that goes beyond traditional boundaries, aiming to foster market growth and attract a broader range of investors. We see a future where these challenges are overcome, paving the way for a more inclusive and thriving gold investment landscape in our country.
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