Fayafi Investment Holding Enhances Governance with New Auditor

Fayafi Investment Holding Appoints New Auditor

Cements governance leadership in strategic commodities with Swiss-standard auditing excellence

Fayafi Investment Holding, the first UAE firm to be available through a bankable certificate issued under the SIX Swiss Exchange framework, and listed on the Vienna Stock Exchange, has appointed the Institute for Rare Earth Elements and Strategic Metals (ISE) as the official auditor for its copper isotope assets.

The decision builds upon a previous appointment of Ferrari Logistics DMCC as the custodian for the metal reserves, which have an opening valuation of USD 3.6 billion, demonstrating Fayafi's commitment to meticulous oversight in the management of its valuable assets.

Strategic Importance of Isotope Copper

Fayafi Investment SPV has pioneered the securitization of isotope copper, a unique metal recognized for its critical applications in medicine, science, and quantum computing. This innovation has led to the launch of Euroclear security certificates registered on the SIX Swiss Exchange, supported by Fayafi's significant isotope copper reserves.

Recently, Fayafi Investment Holding initiated trading for these certificates valued at USD 1.44 billion, offering certificates at USD 100 each to sophisticated investors. Remarkably, by the day's closing at 4 PM European time, trades totaling USD 600 million had been successfully executed, reflecting strong market interest.

ISE's role as auditor embodies a commitment to independent verification, compliance, and financial integrity, thereby bolstering investor confidence. The appointment of ISE aligns Fayafi with Swiss auditing standards, often viewed as the pinnacle of financial vigilance in the industry.

Ensuring Transparent Auditing Processes

As part of its auditing responsibilities, ISE will undertake independent quarterly stock-taking of Fayafi's isotope copper to ensure accurate valuations and verification of physical holdings. The inaugural quarterly audit is set to commence soon, affirming the organization's commitment to transparency.

Importantly, this auditing process will operate independently from Fayafi's custodian, Ferrari Logistics DMCC, to ensure that full transparency is maintained. This separation of custody and audit enhances the independent verification of inventory levels and reinforces corporate accountability, which is crucial for building investor trust.

Patrick Pilati, the Executive President of Fayafi Investment Holding Limited, commented, "The appointment of ISE as our official auditor reflects our commitment to Swiss-standard financial governance and market leadership in isotope copper. By maintaining a fully independent auditing and stock-taking process, we ensure the highest level of transparency and trust for our investors and regulatory bodies."

Regulatory Compliance and Market Leadership

Furthermore, the audit fulfills a mandatory requirement set forth by the SIX Swiss Exchange, ensuring full compliance with Swiss financial regulations. This compliance not only reinforces Fayafi's standing as a publicly traded entity but also enhances credibility in the strategic commodities market.

"Our adherence to the SIX Swiss Exchange's requirements solidifies our position as a reliable regulated entity in the global strategic commodities landscape. The audit is funded directly through the securities certificates listed on SIX, ensuring absolute independence throughout this process," Pilati added, reiterating Fayafi's strategic positioning.

Founded in 2008, ISE is renowned for its auditing and research capabilities, specializing in the assessment and assurance of high-value strategic assets in regulated markets, thus providing an added layer of credibility to Fayafi's operational framework.

Fayafi Investment Holding is a Special Purpose Vehicle (SPV) established in the UAE, headquartered in the Dubai International Financial Centre (DIFC). It is the first UAE company listed on the SIX Swiss Exchange and Vienna Stock Exchange, holding the distinction of being the highest-valued UAE publicly listed firm on foreign exchanges, which emphasizes Dubai and the UAE's growing reputation as a global financial center.

Contact Information

Contact:
Fayafi Investment Holding
DIFC, Dubai, UAE

Frequently Asked Questions

What is the role of the Institute for Rare Earth Elements?

The Institute for Rare Earth Elements has been appointed as the official auditor for Fayafi's copper isotope assets, ensuring independent verification and compliance.

What makes isotope copper significant?

Isotope copper has unique applications in sectors such as medicine, science, and quantum computing, making it a valuable commodity.

How does Fayafi ensure transparency in its operations?

Fayafi maintains full transparency by separating the custody of assets from the auditing process conducted by ISE.

What is the impact of the SIX Swiss Exchange on Fayafi?

Being listed on the SIX Swiss Exchange enhances Fayafi's credibility and requires compliance with stringent Swiss financial regulations.

Where is Fayafi Investment Holding headquartered?

Fayafi Investment Holding is based in the Dubai International Financial Centre (DIFC) in the UAE.

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