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
Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah
Sulaiman Al-Rajhi Real Estate Company has announced the launch of several real estate projects belonging to the Sulaiman Al-Rajhi Endowment system in Makkah, with a total investment exceeding SR8 billion ($2.1 billion). These projects include commercial, residential, and hospitality developments, as well as strategic land plots, as part of the company’s commitment to supporting the Kingdom’s real estate sector and enhancing the quality of life in the holy city.
The announcement was made during a field tour by a delegation of high-level officials including Saleh Al-Rasheed, CEO of the Royal Commission for Makkah City and Holy Sites; Ihsan Bafakih, chairman of the board of directors of Sulaiman bin Abdulaziz Al-Rajhi Holding Company; Haitham Al-Fayez, chairman of Sulaiman Al-Rajhi Real Estate Company and CEO of Sulaiman Al-Rajhi Holding Company; Moath Al-Mukhudub, managing director and CEO of Sulaiman Al-Rajhi Real Estate Company; and Anas Mansour Abadi, CEO of real estate at Sulaiman Al-Rajhi Holding Company and representative of the Sulaiman Al-Rajhi Endowment, alongside members of the board of directors of both the holding and real estate companies and the executive team.
The tour included the launch of the Tilal Towers project, with an investment value of SR2 billion, featuring more than 2,500 hotel rooms, strengthening the hospitality sector in Makkah.
The delegation also visited the Tilal Village project, valued at SR2.8 billion. It is one of the prominent qualitative projects within the hospitality ecosystem in Makkah.
Furthermore, the visit covered the residential buildings within Tilal Village, comprising 828 units, with an investment of SR800 million. The delegation inspected the specialized hospital, medical complex housing, and the office and commercial plazas.
During the tour, a contract was signed for the Al-Rajhi Center project, valued at SR250 million, as part of a comprehensive rehabilitation plan.
The inspection also included the Al-Ukayshiyyah land, spanning 4 million square meters, and the Al-Ghazzawi project land, valued at SR250 million.
The tour concluded with prayers at the Aisha Al-Rajhi Mosque, the second-largest mosque in Makkah after the Grand Mosque, with a capacity for 50,000 worshippers.
This visit underscores the importance of these investments, which represent a clear direction toward enhancing the management of the endowment’s assets through diversification, redevelopment, and strategic expansion, in line with the development goals of the Makkah city and Saudi Vision 2030.
Sulaiman Al-Rajhi Real Estate, a subsidiary of Sulaiman bin Abdulaziz Al-Rajhi Holding Company, continues to provide innovative solutions to elevate the real estate sector to international standards.
