Media

The Polymetallic Holding Group Seligdar and Rosveksel have signed a memorandum of mutual cooperation and the development of the precious metals market in Russia at the Eastern Economic Forum.

The document was signed by Aleksandr Khrushch, President of Seligdar PJSC, and Osman Kabaloyev, Chief Executive Officer of Rosveksel.

The memorandum outlines the key areas of cooperation in the production, sales and trading of precious metals, as well as the development and promotion of gold-related instruments. In addition, the parties have agreed to exchange analytical and market information, expert assessments and best practices in the field of precious metals trading

Both companies possess the necessary experience and competencies to launch new mechanisms for the precious metals market.

Aleksandr Khrushch, President of Seligdar PJSC:

"Our Holding Group has come a long way in creating and introducing a number of new financial products to the Russian financial market. These are effective solutions for investing in gold for both institutional and retail investors. Further market development requires consolidating the efforts of the state and business to create transparent and understandable operating conditions."

Osman Kabaloyev, Chief Executive Officer of Rosveksel:

"Cooperation with Seligdar is of particular importance for Rosveksel, as it brings together the competencies of Russia's largest gold producer and a digital platform for selling gold on the domestic market. We see great potential in joint efforts to develop transparent and convenient mechanisms for the precious metals market, to expand their use as a savings instrument, and to create new gold-based products. I am confident that combining the expertise and resources of our companies will accelerate the development of a modern precious metals market infrastructure and make it more accessible to a wide range of participants."