Complicit Dossier

State-owned and co-opted commercial entities · refinery · Saudi Arabia

Saudi Gold Refinery Company

  • Commercial or professional counterparty
  • Grade B: CorroboratedStrongest record: corroborated
  • 2 documented ties · 2 steps from the SAF

Also recorded as: مصفاة الذهب السعودية; Saudi Gold Refinery Company (SGR)

First named foreign refinery found. In January 2026 its chairman Suleiman bin Saleh al-Othaim told Sudan's minerals minister and the head of the Sudanese Mineral Resources Company that it was ready to 'begin purchasing operations immediately'; Sudan said it aims to redirect gold exports from Dubai to Saudi Arabia. Africa Confidential (Feb 2026) reports the company 'seeks to purchase Sudanese gold'. No shipment or volume has been confirmed.

Their response

  • Not sought.

Records

2

Each record carries its own grade. A grade describes the source for that record, not the actor.

Grade B: Corroborated

Saudi Gold Refinery Company

2026-01 onward

First named foreign refinery found. In January 2026 its chairman Suleiman bin Saleh al-Othaim told Sudan's minerals minister and the head of the Sudanese Mineral Resources Company that it was ready to 'begin purchasing operations immediately'; Sudan said it aims to redirect gold exports from Dubai to Saudi Arabia. Africa Confidential (Feb 2026) reports the company 'seeks to purchase Sudanese gold'. No shipment or volume has been confirmed.

Why this grade
B for the stated intent (two outlets); no evidence of actual purchases
Response
Not sought.
Sanctions
None found.
›Research notes

Lawful commerce; revises the first-pass statement that no source names a refinery. Central bank 2026 trade tables should be checked for Saudi Arabia as a destination.

  1. 1Sudan Tribune: Sudan-Saudi gold trade agreement · sudantribune.com · 17 Jan 2026read via summary
  2. 2Africa Confidential: Riyadh flashes the gold card · africa-confidential.com · 2 Feb 2026read via summary

NamesSaudi ArabiaSMRC

Grade B: Corroborated

Saudi Gold Refinery Company (SGR)

17 Jan 2026: declared readiness to buy Sudanese bullion immediately, as Port Sudan shifts exports away from Dubai; also granted exploration blocks for industrial minerals. 17 Feb 2026: signed with Sudan's Ministry of Minerals for gold exploration/development in Red Sea state. Gives the SAF-led government an alternative official export and refining channel - ordinary state-to-company commerce; no military link alleged.

Why this grade
B (two outlets)
›Research notes

No PIF or Ma'aden involvement found. GLEIF has no LEI under this name. The National is UAE state-linked - neutral on this item but note alignment.

  1. 1Sudan Tribune: Saudi gold refinery to buy Sudanese bullion as Khartoum shifts from Dubai · sudantribune.com · 17 Jan 2026read via summary
  2. 2The National: Sudan's army-backed government signs deal with Saudi company for gold exploration · thenationalnews.com · 17 Feb 2026read via summary

NamesSaudi ArabiaUAE

2 more records below grade A (corroborated, single-source or unverified). Change “Evidence shown” to see them.

Relationships

3

← means the other party acts on this one; → means this one acts on the other.

Money · 3

2 more relationships below grade A (corroborated, single-source or unverified). Change “Evidence shown” to see them.

Geography

Tags come from the recorded jurisdiction and from place names in the records. Coordinates on the map are approximate.

Based in
Saudi Arabia
Also named
United Arab Emirates (3)
Places
Port Sudan, Dubai

Position in the network

Derived by analysing the documented relationships. Nothing in this section is a finding.

Still connected to the SAF when only official records are counted.