60,000 gold coins won in Malabar Gold campaign

Winner Rajesh Padoor, who won 100 gold coins, receives the prize from Malabar Gold’s Shajji Thoppil in Dubai.
Updated 08 May 2019
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60,000 gold coins won in Malabar Gold campaign

Indian jewelry retailer Malabar Gold & Diamonds is giving customers a chance to win gold coins on gold and diamond jewelry purchases in its showrooms across Saudi Arabia.

The “Gold Promise” campaign continues until May 11. Malabar Gold, which has a retail network of 250 outlets spread across the globe, has also unveiled its latest festive collection, featuring gold, diamond and precious gem
jewelry.

During the first two weeks of the campaign, customers won more than 60,000 gold coins and continue to win big across all the outlets.

“The ‘Gold Promise’ by Malabar Gold & Diamonds gives unmatched chances for customers to win gold coins with their gold and diamond jewelry purchases. Customers can win a guaranteed gold coin or up to 100 gold coins instantly on the purchase of gold jewelry worth SR2,500 ($666) via ‘Scratch & Win’ coupons,” the company said.

Customers also get a two-gram gold coin for every diamond jewelry purchase of SR5,000 or more, and a one-gram gold coin for every purchase of diamond jewelry worth SR3,000 or more. They can also take advantage of a zero deduction exchange offer on a 22-carat old gold exchange, in addition to a “no making charges” offer on eight-gram gold coins. These offers are valid at all the outlets in the Kingdom until May 11.

The new collection unveiled by the retailer includes traditional and contemporary designs in 18-carat and 22-carat gold, diamond and precious gems to suit the tastes of its multicultural and multinational customers.

Malabar Gold & Diamonds has incorporated these designs in various brands presented at the store, namely Ethnix (Handcrafted Designer Jewelry); Era (Uncut Diamond Jewelry); Mine (Diamonds Unlimited); Divine (Indian Heritage Jewelry); Precia (Gem Jewelry) and Starlet (Kids Jewelry). 

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

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


CMRC admits first patients to new Saudi clinic

Updated 21 May 2019
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CMRC admits first patients to new Saudi clinic

Cambridge Medical and Rehabilitation Center (CMRC), a top post-acute rehabilitation and long-term care facility in the UAE, has admitted 15 patients to its first medical facility in Saudi Arabia. 

CMRC’s new 60-bed clinic, located between Dhahran and Alkhobar, aims to help patients requiring post-acute care and rehabilitation services to make large improvements in their quality of life through multidisciplinary rehabilitative therapies including physiatry, physiotherapy, occupational therapy, speech and language therapy, and multi-sensory room sessions. 

The facility is staffed by multiple clinical experts including GPs, internal medicine consultants, pediatricians, ICU intensivists, rehabilitation consultants, psychologists and therapists, and will service patients across the eastern region of Saudi Arabia. 

It follows the same clinical procedures and protocols successfully implemented in facilities in the UAE, similarly benefiting from the center’s international partnership with the Spaulding Rehabilitation Network, a teaching affiliate of Harvard Medical School, and accreditations from Joint Commission International, CARF and Planetree.

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CMRC, a portfolio company of health care specialist investor TVM Capital Healthcare, also operates facilities in Abu Dhabi and Al-Ain in the UAE.

CMRC Group CEO Dr. Howard S. Podolsky said: “We expand into countries where there is notable demand for post-acute care and rehabilitation services. Like many countries around the world, Saudi Arabia is experiencing a rise in the incidence of non-communicable diseases, birth defects, and life-threatening injuries. Our new facility brings our world-class medical treatment, care, and rehabilitation therapies to the Kingdom through a truly patient-centric approach.”

He added: “We look forward to helping families in the region improve their quality of life and using our international expertise and specialized workforce to support the government of Saudi Arabia’s focus on health care development, as part of Saudi Vision 2030.” 

CMRC, a portfolio company of health care specialist investor TVM Capital Healthcare, also operates facilities in Abu Dhabi and Al-Ain in the UAE.

Dr. Helmut Schuehsler, CEO of TVM Capital Healthcare and board member of CMRC, said: “We believe that private equity investment should be a force for good, and that by working in health care, we have a real opportunity to make a difference to patients’ lives. Therefore, we conceptualized and invested in CMRC in the UAE to cater to those in need of post-acute care and an elevated level of rehabilitation. CMRC grew to be the leading post-acute care and rehabilitation provider in the UAE. We are very happy to bring the offer to the people of Saudi Arabia now.”

CMRC offers both inpatient services at its medical centers and outpatient therapy, where patients follow a rehabilitation program after discharge. The company employs more than 500 staff members across all facilities.