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FINANCIAL NEWS
India’s Malabar Gold to invest USD108.86m in GCC expansion
16 Sep 2015
(MENAFN) Malabar Gold and Diamonds announced plans to open 21 retail stores across the GCC, India and the Far East in the next six months, with an investment amounting to USD125 million.
Of the total, Malabar is investing USD60.7 million in eight stores in the UAE, USD27.21 million in five in Saudi, USD15.51 million in three in Oman and USD5.44 million in one in Malaysia.
In addition to these investments, the gold and diamond retailers giant said that it will add four more outlets in India with an investment amounting to USD16.33 million.
The expansion will see the gold and diamond jewelry retailer expand its retail network from 134 to 155 reinforcing its position as the most preferred jeweler in the world.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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