Malabar Gold & Diamonds, a leading jewelry retailer is unveiling its latest outlet in Batha, Riyadh, as a part of its dynamic expansions plans in Saudi Arabia.
The showroom will be inaugurated by prominent industrialist Ravi Pillai tomorrow (September 27) at 4.30 pm.
This 1,250 sq ft showroom, located at Lulu Hypermarket, Ibn Sulaiman Commercial Complex, is Malabar Group’s second outlet in Riyadh and the sixth in Saudi Arabia.
Riyadh, one of the richest cities in the Middle East, has developed into a dynamic metropolis over the years and has become a focal point for both travel and trade.
Batha, a district in downtown Riyadh, is one of the oldest sections of the city, which is famous for wholesale and gold markets.
The showroom displays exquisite assortment of fine jewelry in gold, platinum and diamond from Belgium, Hong Kong, Singapore, Italy, Turkey, Bahrain and India. Exclusive brands like Era- Uncut Diamond Jewelry, Mine- Diamonds Unlimited, Ethnix- Hand Crafted Designer Jewelry, Divine-Indian Heritage Jewelry, Starlet- Kids Jewelry, Precia-Precious Gem Jewelry is also offered at this outlet to suffice the needs of the discerning customer.
To celebrate the opening of their new outlet in Batha, Malabar Gold & Diamonds announced a special promotion, through which customers can avail free gold coin on every jewelry purchase of SR 3000 from any of their outlets in Saudi Arabia.
Customers who purchase from Malabar Gold & Diamonds outlet in Batha can also avail assured gifts on every purchase.
This offer is valid from September 27 to October 12.
Malabar Gold & Diamonds currently operates a network of 25 retail outlets in GCC and 71 worldwide.
With over 20 years of experience, Malabar Gold & Diamonds has already proven its competencies in the areas of wholesaling, retailing and manufacturing of jewelry.
The expansion plans in Saudi Arabia announced by the group recently is a part of the long term strategy to establish themselves as the world’s No 1 jewelry group by the year 2015.
The jewelry chain plans to reach out to a wider audience and is set to expand their retail presence to Singapore, Malaysia, Indonesia and Sri Lanka and European markets.
In Saudi Arabia, the group is operating 5 retail showrooms at Alkhobar, Riyadh, Dammam, Jeddah and Maccah.
They are planning to come up with more showrooms in Madina, Jubail, Al-Hasa and Jeddah and a factory at Alkhobar soon.
Their retail business has always been complemented by the additional services and offers aimed at enhancing convenience for customers, making its contributions at par with the world’s best. Ornaments purchased from Malabar Gold and Diamonds can be exchanged from any of their outlets within 15 days from the date of purchase without any lose in making charges and gold rate. Furthermore, jewellery purchased from their outlet can be exchanged with new ones without any deduction in gold rate or weight, by paying only making charges.
Their convenient gold exchange schemes ensure quality service and customer satisfaction.
Malabar Gold & Diamonds expands Riyadh presence
Malabar Gold & Diamonds expands Riyadh presence
Al-Saedan launches $400m investment platform for real estate, digital infrastructure
Al-Saedan Real Estate Company of Saudi Arabia, in collaboration with Serpentine Lake Capital of the UK and SGI Real Estate of Canada, have announced the establishment of a joint development and investment platform under the name SL Property. The platform will develop commercial, residential, and hospitality projects, alongside infrastructure and data center projects, across the Kingdom. It reflects the growing international interest in Saudi Arabia’s real estate and digital infrastructure markets and supports the development of high-quality, long-term assets within the Kingdom.
The agreement signing ceremony was held under the patronage of Minister of Municipal, Rural Affairs and Housing and Chairman of the Real Estate General Authority Majid bin Abdullah Al-Hogail, as part of the Future of Real Estate Forum, in which Al-Saedan Real Estate participated as a strategic sponsor. The ceremony was attended by Dr. Badr bin Ibrahim bin Saedan, chairman of the board of Al-Saedan Real Estate; Ahmed bin Ibrahim bin Saedan, vice chairman of the board of Al-Saedan Real Estate; Ben Mikola, representative of Serpentine Lake Capital and SL Property; and Hassan Al-Shawwa, representative of SGI Canada.
The attendance reflects the strategic importance of the initiative and the continued support of the authority in facilitating the attraction of high-quality international investments into the Kingdom’s real estate and digital infrastructure sectors.
This development follows the issuance of the Regulation on Real Estate Ownership by Non-Saudis in Saudi Arabia, which came into effect in January. The updated regulatory framework is expected to expand access to international investment, facilitate foreign investor participation in strategic sectors, and increase the depth of institutional capital flowing into the real estate, infrastructure, and data center sectors in the Kingdom.
The platform is targeting initial joint investments of SR1.5 billion ($400 million) in partnership with Al-SaedanReal Estate, representing the first phase of a broader, multi-stage investment program. In its initial phase, SL Property — Al-Saedan intends to invest in six to eight projects across real estate, infrastructure, and data centers, with additional opportunities anticipated as the platform’s activities expand in the future.
The initial projects will be concentrated in Riyadh and Jeddah, and will include mixed-use developments, commercial assets, residential projects, and infrastructure related to data centers. These projects are designed to be scalable, sustainable, and aligned with national development priorities, including housing expansion, enhancement of urban quality of life, hospitality sector growth, and strengthening the Kingdom’s digital services capabilities.
Al-Saedan Real Estate is one of the oldest private real estate development companies in Saudi Arabia, with more than 80 years of operational experience and a strong track record that includes the development of seven major integrated urban communities, in addition to numerous commercial, hospitality, and associated infrastructure projects.
The SL Property platform will serve as a dedicated investment vehicle for this initiative, with Serpentine Lake Capital contributing its asset management expertise, and SGI Real Estate providing its specialized real estate sector experience. The platform’s structure is intended to combine local development capabilities with disciplined international investment practices and robust governance standards.
This initiative aligns with the Kingdom’s economic diversification objectives and reflects growing confidence in the updated regulatory framework governing the real estate and digital infrastructure sectors. As the platform evolves, it is expected to provide both local and international investors with access to high-quality investment opportunities across the real estate and data center sectors throughout the Kingdom.
Dr. Badr bin Ibrahim said: “At Al-Saedan, we are pleased to be among the first beneficiaries of the promising new foreign investment system. Following our success in raising several local investment funds, we look forward to expanding our expertise and partnerships at a global level.”
Mikola added: “We are pleased to partner with Al-Saedan, whose strong track record provides a solid foundation for this collaboration. As the platform develops, we expect to explore opportunities to expand into real estate and infrastructure projects within the Kingdom of Saudi Arabia and beyond. The Kingdom represents a fast-growing market driven by clear structural factors, and we look forward to developing high-potential opportunities through a disciplined and focused approach.”
