Malabar Gold to open two new Saudi stores

The new showroom in Jeddah is the brand’s second showroom in Al-Balad’s gold market and the third in Jeddah.
Updated 04 February 2019

Malabar Gold to open two new Saudi stores

Indian jewelry retailer Malabar Gold & Diamonds will inaugurate this week two new stores in the Kingdom.

The company’s 13th Saudi showroom will open on Wednesday at 5 p.m. in Jeddah’s Al-Balad district while the 14th showroom in the Kingdom will be inaugurated on Thursday at 6:30 p.m. in Madinah.

The new showroom in Jeddah is the brand’s second showroom in Al-Balad’s gold market and the third in Jeddah. Malabar Gold & Diamonds also operates in Lulu Hypermarket in the city’s Amir Fawaz district.

The brand, which has a showroom in Makkah, is all set to open its first store in the holy city of Madinah. It is located near Gate No.17 of the Prophet’s Mosque.

Both outlets will unveil a significantly large collection of traditional as well as contemporary designer jewelry in 18-carat, 22-carat and 24-carat gold, alongside diamond, uncut diamond and precious gem jewelry.

To celebrate the launch of the two new stores, Malabar Gold has announced a number of inaugural offers. Customers will receive a 1-gram cold coin on diamond jewelry purchases of SR3,000 ($800). They can also avail a zero deduction exchange offer on a 22-carat old gold exchange. These offers are valid only at the two new stores until Feb. 23.

The jeweler’s exclusive brands include: Ethnix — handcrafted designer jewelry; Era — uncut diamond jewelry; Mine — diamonds unlimited; Divine — Indian heritage jewelry, Precia — gem jewelry; and Starlet — children’s jewelry.

Malabar Gold has a strong retail network of 250 outlets spread across 10 countries.

It is the flagship company of Malabar Group, a diversified Indian business conglomerate.

Established in 1993 in the Indian state of Kerala, Malabar Gold & Diamonds today has an annual turnover of $4.51 billion and the company currently ranks No.1 among the largest jewelry retailers globally.

Role of Indian engineers in KSA lauded at IEF meet

Updated 17 July 2019

Role of Indian engineers in KSA lauded at IEF meet

Indian Engineers Forum (IEF) Jeddah Chapter recently held its 13th annual general meeting at Hotel Ramada Continental.

Ambassador of India to Saudi Arabia Dr. Ausaf Sayeed graced the event as chief guest and Consul General of India Noor Rahman Sheikh was guest of honor. IEF President Mohammed Sayeeduddin presided over the function.

Expressing appreciation for the activities of the forum, Ambassador Dr. Sayeed recalled its foundation in 2016 during his tenure as consul general of India in Jeddah.

He lauded Sayeeduddin, Amir Khan, Shuja Sheriff and other members and engineers for the activities of the forum and their contribution to the development of Saudi Arabia. Dr. Sayeed highlighted scarcity of water as an acute problem in the world in general and in India in particular. He shared his experience of interacting with engineers in the US, who developed a water condensation machine to extract water from humid air.

Consul General Noor Rahman Sheikh applauded IEF for its services to the engineering community in Saudi Arabia. He highlighted how the excellence of Indian engineers in each sector has impacted society. 

“Our zeal to be the best in whatever we do was demonstrated during last year’s Hajj. The mobile app developed by the Consul General of India is going to help the 200,000 pilgrims expected to come this year,” he said.

Amir Khan, founder and chairman of IEF, said IEF provides a platform for networking, career advancement, community service, and technology exchange. He urged Indian engineers to play a vital role in the development of Saudi Arabia, which he said would help strengthen the relations between India and the Kingdom.

Sayeeduddin thanked Dr. Sayeed for his support in the foundation of IEF. He announced that, having served as founding president for the last 13 years, he is now stepping down and the new president, unanimously elected, will be Khan Mustafa.

Nadeem Ahmed Ali, executive member of IEF, delivered a presentation on digital disruption.

Syed Nasir Khursheed, IEF general secretary, conducted the program.

Indian real estate advisory firm/ institutional channel partner 360 Realtors LLP participated in the event and were the main sponsors. A presentation covering major construction, residential and commercial projects in India was made by S. K. Vivek Kumar, head of international sales, 360 Realtors. Amit Hariyal also delivered a presentation on residential projects across the Indian cities of Bangalore, Chennai, Hyderabad and Pune. 

Abdul Rahman, general manager of TA Infra Projects, expressed happiness to be part of the IEF.

Khader Memon made a presentation titled “Special Investment Plan.”

The chief guest, guest of honor and sponsors were presented mementoes as a token of appreciation by the IEF president and executive committee. This was followed by the release of the annual magazine of the forum, Spectrum 2019, edited by Muazzam Sayeed.

A lively session of quiz was conducted by Munnawar Amafh. 

The event was attended by a number of guests from across the Kingdom, including Abdul Haseeb Hazari, Danish Ghafoor, Siadat Ali Khan, Shameem Kausar and Ahmed Omais.

The program started with a recitation of the Holy Qur’an by Talha Khan. Ashraf Nawaz Qureshi, IEF treasurer, welcomed the guests.

IEF Vice President Abu Bakar Sherkhan introduced the chief guest while Mohammed Shoebuddin, IEF chief coordinator, presented a vote of thanks.