| International Assets Holding Corporation has announced the purchase of the 50% interest held by Nilesh Ved in INTL Commodities DMCC, the Company's Dubai commodities joint venture. As a wholly-owned subsidiary of the Company, INTL Commodities DMCC will continue to expand its successful commodities trading activities in the region.
Scott Branch, President of the Company, stated, "We are pleased to have worked with Nilesh Ved in establishing INTL Commodities DMCC as a major player in the regional precious metals market and look forward to a continuing relationship with Lakhoo Jewellery Trading Co LLC, owned by the Ved family." .... Full Press Release: Source
|