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

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

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.

LuLu Group announces SAR1 billion expansion plans

Updated 14 October 2019

LuLu Group announces SAR1 billion expansion plans

  • Group also launched SAR1 million 10th anniversary promotion

RIYADH: LuLu Hypermarkets, one of the largest retailers in the region, is upbeat about the investment climate of KSA and is planning to expand in the coming years.

Talking to media during the group’s 10th anniversary celebrations held at Atayaf Mall in Riyadh, chairman M. A. Yusuff Ali unveiled LuLu Group’s plans.

Saad Al-Gamdi, Head of Saudization Programme (Tawteen) at the Ministry of Labour, along with Yusuf Ali, Chairman of LuLu Group, officially inaugurated the anniversary celebrations in the presence of senior officials and a large number of shoppers. 

Elaborating on LuLu Group’s journey so far, Yusuf Ali said: “With a modest beginning in the 2009, today we have 17 hypermarkets, 12 Aramco commissaries and National Guard supermarkets which is a testimony to our acceptance in the country, thanks to our fair pricing and highest quality product range.

“We see tremendous growth opportunity in the Kingdom. We have already announced that by year 2020, we will open 15 new hypermarkets in Saudi Arabia. Under this plan, 3 hypermarkets have already been opened and another 11 hypermarkets will be completed before end of 2020 at an investment of SAR1 billion ($266.6 million).

“This includes 4 in Dammam, 6 in Jeddah and 1 in Riyadh. This is apart from the SR1.7 billion that we have already invested in the Kingdom until now.”

During the occasion, LuLu also honored 10 long serving Saudi nationals with gold medals and certificates who were all part of LuLu’s growth story in the Kingdom.

Congratulating the Saudi staff, Yusuf Ali said: “We consider it our duty to nurture them as we have a very hardworking, dedicated and productive manpower among Saudi nationals.

“LuLu Group currently employs 2,700 Saudi nationals including 700 women in their various hypermarkets across the Kingdom. Out of the total Saudi work force employed in our group, half of them are from small town like Hail, Tabuk, Hassa and Jubail.

“Our goal is to give employment to more than 4,000 nationals by the end of 2020 out of which 1,700 will be women,

He added that his group gives priority in generating jobs for young Saudis, especially women. “I think it is the duty of all businessmen and investors to create more jobs for local youth.

“We also take this opportunity to extend our gratitude to King Salman, Crown Prince Mohammed Bin Salman and the government who have always given tremendous support to investments and economic development which ultimately generate more employment opportunities for Saudi citizens.”

To mark the occasion of 10th anniversary, LuLu announced the launch of LuLu-Win One Million Riyal promotion which will run for 10 weeks and 10 lucky winners will each get SAR100,000 cash prize.