Indian Film Star Fahadh Faasil inaugurates Malabar Gold & Diamonds’112th Store globally in the presence of Brigadier Mohammad Al Noobi Mohammad Al Teneji, Deputy Chief Commandant, Ras Al Khaimah Police; Dr. P.A Ibrahim Haji, Co-Chairman Malabar Group, Shamlal Ahamed M.P., Managing Director International Operations; K.P Abdul Salam, Group Executive Director; Maayinkutty C, Director; A.K Faisal, Corporate Executive Director; Abdul Basheer, Branch Head; other directors, personalities from media and well-wishers.

RAS AL-KHAIMAH, UAE — Malabar Gold & Diamonds, the leading jewelry retailer, opened its 112th showroom in Al Nakheel, Ras Al Khaimah, on April 10.



Indian Film Star Fahadh Faasil inaugurates Malabar Gold & Diamonds’112th Store globally in the presence of Brigadier Mohammad Al Noobi Mohammad Al Teneji, Deputy Chief Commandant, Ras Al Khaimah Police; Dr. P.A Ibrahim Haji, Co-Chairman Malabar Group, Shamlal Ahamed M.P., Managing Director International Operations; K.P Abdul Salam, Group Executive Director; Maayinkutty C, Director; A.K Faisal, Corporate Executive Director; Abdul Basheer, Branch Head; other directors, personalities from media and well-wishers.



The showroom positioned at one of the best locations in the emirate features intricately designed international collection of classic, contemporary and quality jewelry crafted in gold, diamond and platinum.



To add glitter to this occasion, the group announced fabulous inaugural offers. Customers who purchase diamond jewelry will get a ‘Scratch N Win’ coupon, which will give the opportunity for the buyer to win guaranteed cash refund and a chance to win up to 100 percent of the purchases. A free gold coin can also be availed with every purchase of gold jewelry worth AED3,000. These offers are valid at this outlet till April 20.



The group is expanding its operation by opening eight more outlets in GCC and Far East countries like Malaysia, Hong Kong, among others. In the second quarter of 2014, the group plans to mark their presence in the United Kingdom, and the United Sates in the near future. This is in line with its aggressive expansion plans to extend its reach and to cater the growing customer needs.



The group is planning to reopen its upgraded showroom at Al-Nahda in Lulu Hyper Market, in the coming weeks and is looking forward to open its second outlet in Singapore on April 18.



Plans are underway for upgrading their existing showrooms in UAE and Kuwait such as Bur Dubai, Kuwaithath-Al Ain, Gold Souk & Al–Rai in Kuwait during this period to substantially enhance the shopping experience of the customers.



With 38 retail stores located across the entire GCC region, one in Singapore and 112 outlets globally, Malabar Gold & Diamonds is one of the most prominent jewelry chains with its presence in eight countries. The group has a strong focus in the GCC and Far East countries.



With its dynamic expansion plans, the group fortifies their business in the areas of their operations and spread their operations into the key markets in the region. As a part of this effort, it will open more outlets in GCC shortly.



Malabar Gold & Diamonds is the flagship company of Malabar Group, a leading diversified Indian business conglomerate.



Established in 1993 in South Indian state of Kerala, Malabar Gold & Diamonds has a strong retail network of 112 outlets spread across eight countries, 10 wholesale units in addition to offices, design centers and factories spread in India, GCC and Singapore. With an annual turnover of $3.5 billion (Dh12.8 billion; Rs220 billion), the company currently ranks as the world’s third largest jewelry retailer in terms of annual turnover.



With seven cluster manufacturing units in India and GCC, the company currently has six jewelry brands to cater to the discerning needs of customers. With headquarters in Kerala, India and branches across India, GCC & Singapore, Malabar Group is best known for its activities in the field of gold, diamond and precious metals.



The company, which has a strong corporate social responsibility scheme embedded in its system, is committed to make a difference in human lives by spending over Rs300 million in charitable activities in the year 2015, part of the Rs850 million earmarked for charitable activities between 2012 and 2015. — SG