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.

Bahri strengthens market footprint in Asia-Pacific region

Khalid Al-Garawi, senior manager, Bahri Chemicals.
Updated 21 April 2019

Bahri strengthens market footprint in Asia-Pacific region

Saudi logistics and transportation company Bahri has announced the expansion of its market presence in the Asia-Pacific (APAC) region’s maritime industry. The stronger presence will help the company gain deeper insights into market trends as well as customer needs in chemicals and logistics sectors in Singapore and the wider APAC region.
The announcement took place at a ceremony held on April 5 at Regent Hotel in Singapore, in the presence of Abdullah Aldubaikhi, CEO of Bahri, and senior executives of the region’s oil majors, petrochemical trading companies and ship brokers.
The expansion will also enable Bahri Logistics and Bahri Chemicals, two of five business units of the company, to market their offerings, acquire new clients, serve existing clients, and channelize the communications. Bahri has plans to expand the services of its other business units to the APAC region in the future.
Bahri CEO Aldubaikhi said: “In our efforts to deliver on Bahri’s vision of connecting economies, sharing prosperity, and driving excellence in global logistics services, we have been actively pursuing the company’s ambitious long-term strategy to drive sustainable growth and expand its market footprint. As a result, we have established a solid presence regionally and globally. Our expansion in the Asia-Pacific region represents a key milestone in our journey, and with this, we have come even closer to our customers, allowing us to serve them better offering a wider range of industry services and unprecedented value.”
Over the past 41 years, Bahri has steadily expanded market presence to cement its position as a global leader in the maritime industry. The company currently has offices in Saudi Arabia, UAE, US and India, in addition to a vast network of agents across the Middle East and Africa, US, Europe, and Asia.
Bahri Chemicals is the largest owner and operator of chemical carriers in the Middle East, serving 150 ports worldwide. It owns and operates 36 chemical/product tankers with a capacity of 1.1 million DWT designed to the highest specifications, capable of carrying a wide range of chemical cargoes. The first business unit within Bahri, Bahri Logistics, is one of the top 10 breakbulk carriers in the world and operates six new state-of-the-art multipurpose vessels with 26,000 DWT each on a regular liner schedule.