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Xenmet SA Xenmet is a joint venture that combines the regional logistics and material handling capabilities of the Xenel Group (Kingdom of Saudi Arabia) with the base metal financial services products offered by Ambro Capital Limited (UK) to match buyers and sellers of base metals financially and physically, allocate base metal assets to areas of need and exploit excess material through storage capability and Islamic financial structures. |
Products and Services Islamic Financial Services a premier global provider of metals sales and services to financial institutions to facilitate Islamic financial transactions Physical Metal Merchant a physical distribution entity that sources non-ferrous metals from producers located around the world for distribution primarily on a matched and hedged basis to an international client base of metals consumer, with a particular focus on LME-grade metals and metal concentrates Base Metal Storage and Handling a base metal storage capability within the Tusdeer Bonded and Re-export Zone in the Jeddah Islamic Port along the strategic Red Sea shipping lanes |
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Xenel was founded in 1973 by the descendants of one of the oldest trading houses in the Middle East and has expertise in energy, diversified industries, petrochemicals, construction, infrastructure development, healthcare, industrial services, IT, logistics, real estate and global investing. |
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Ambro Limited is a premier provider of metals sales and services to financial institutions to facilitate Islamic financial transactions. |
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Launching soon, the Islamic Commodity Online Network (ICON) is being developed by Xenmet to provide a web based exchange to facilitate Islamic financial services. |
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In 1999, “Tusdeer” was established to develop and operate the first Bonded and Re-export Zone in the Kingdom of Saudi Arabia. Tusdeer operates a customs duty-free special economic zone catering to the needs of International trade and local businesses based iat the Jeddah Islamic Port. |
ABT is a holding company involved in: investments, ownership of other Group Companies, real estate, accounting & insurance services. Activities include cement trading, shipping, road transport of bulk cement and general cargo, bulk handling & management services. |
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© Copyright 2011 Xenmet SA |
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