A first of its kind concept, “Emirates Investor Savings Plan,” has been designed as a glowing tribute to the visionary leadership of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on the occasion of the nation’s 40th National Day.
Through the revolutionary savings plan, JRG International will financially support investors to own “Visions of Dubai” series of gold coins — exciting mementos of Dubai that are truly representative of the visionary leadership of the Emirate — through affordable and systematic monthly investments.
The first coin in the “Visions of Dubai” series released in 2007 under the guidance of Dubai Multi Commodities Centre (DMCC) features the image of His Highness Shaikh Mohammed bin Rashid Al Maktoum on one side, while Burj Al Arab is engraved on the other. Other coins in the series feature landmark images of Dubai that also reflect the spirit and identity of the emirate.
JRG International Brokerage, the flagship financial institution from IBMC Group, which contributed to the financial world the revolutionary concept — Client Segregated Bank Account System — has a track-record for a string of other remarkable accomplishments.
The impressive launch ceremony of the savings plan was held at Armani Hotel, Burj Khalifa, in the presence of H.E. Ahmed Bin Sulayem, Executive Chairman, DMCC, H.E. Gao Yusheng, Ambassador of the People’s Republic of China, H.E. Mrs. Grace Relucio Princesa, Ambassador of the Philippines, H.E. Sefik Vural Altay, H.E. Sarath Wijesinghe, Ambassador of Sri Lanka, Ambassador of Turkey, H.E. Mr. Dionyssios Zois, Ambassador of Greece, H.E. Bashir Yuguda, Ambassador of Nigeria, H.E.Jaime Van Zeller Leitao, Ambassador of Portugal, H.E. Vahagn Melikian, Ambassador of Armenia , Mr. Mahmood Ahmed Al Bastaki, Director, Dubai Trade and Mr. Harshit Harish Jain, Global Industry Advisory Panel Member of JRG International along with members of international media and dignitaries from different parts of the world.
Central to the Emirates Investor Savings Plan, which seeks to foster an investment culture among both nationals and expatriates, is regular monthly investments, in a format made affordable to all income groups, in “Visions of Dubai” gold coins.
JRG International Chairman and Managing Director Mr. Hazza Mohammed Al Dhaheri, said, “The main objective of Emirates Investor Savings Plan is to promote a systematic investment habit and culture among all categories of investors across the UAE, including both nationals and expatriates. The plan encourages investors ranging from individuals to corporates to be a part of the inclusive economic growth of the UAE.”
Director and CEO Mr. Sajith Kumar PK, the master-brain behind this innovative concept, said, “A trusted monthly savings plan in the most trusted commodity is lacking in this part of the world and JRG International seeks to bridge that gap though this unique monthly investment plan in the ‘Visions of Dubai’ gold coins.”
“Gold, the most sought-after precious metal, has gained global acceptance as a safe investment haven through ages. Savings made in gold is generally meant for generations and investors trust this metal through good and bad times as gold is a solid collateral for instant liquidity. Its attractive return on investment has reinforced investor confidence, and given the present volatile economic and political conditions, its clout is on the rise,” said Mr. Sajith.
The “Visions of Dubai” series of gold coins is a valuable collection capturing the essence of Dubai and reflects the emirate’s unrivalled business model and continuous innovation, said Mr. Sajith. “These coins are exceptional souvenirs of Dubai, not only for expatriates from over 200 nationalities but also for UAE nationals who value the exemplary vision of the leadership and believes in Dubai’s steadfast economic growth which the coins reflect.”
Because of the gold coin’s worldwide acceptability and intrinsic value and convertibility, it can be used as a gift or as a direct investment by the end market, Mr. Sajith pointed out.
The plan also makes investment in gold accessible for all income groups — from working class to millionaires — by providing different investment options of affordable quantity through a trusted investment Platform.
JRG International has designed the structure of Emirates Investor Savings Plan as a systematic investment scheme — the most useful route for creating long-term wealth — with following features:
- JRG International will declare the price of the gold coin through its website on a daily basis.
- The price of the coin booked that date will be fixed with Dubai Gold and Jewellery Group base price declared by JRG International.
- The total price of gold coin fixed for the month can be paid in 12 equal monthly installments. In other words, by paying 1/12 of the market rate, customer can book the coin and the balance amount can be paid in 11 installments by availing of JRG International’s financial support.
- Once the customer completes the 12 installments, the physical gold coin will be delivered from JRG International Dubai Office.
- The Investment Plan is available for all size of “Visions of Dubai” Gold Coin Series such as 1 oz, ½ oz, ¼ oz and 1/10 oz.
- The purchase of the gold coins can be done online at www.eSIP.ae on making payment using credit card/online transfer and the physical coin can be collected from JRG International Delivery Channels.
“Through this saving plan, JRG International facilitates the message of “Visions of Dubai” to reach out to millions of people and also enables investors to own the memorabilia of a legendary and visionary leadership,” said Mr Babu K Lonappan, Director, JRG International.
JRG International Senior Vice-President Mr P.S Anoop, Associate Vice President Mr Sreejith Varma, Regional Manager Mr Binu Nair , Mr. Suresh Vaidyanath, Global Industry Advisory Panel Member of JRG International were present during the launch ceremony along with finance industry professionals, investors, associates, and corporate officials.
Saturday, November 12- 2011 @ 12:22 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.