DUBAI: The new office will serve as the cornerstone of the brand’s international studded supply
chain operations. Equipped with exceptional infrastructure and facilities, including a product development
centre.

Ms. Amna Lootah, Director General, Dubai Airport Free Zone (DAFZ) inaugurated the new office in the presence of Mr. M P Ahammed, Chairman, Malabar Group; Mr. K P Abdul Salam, Vice Chairman, Malabar Group; Mr. Shamlal Ahamed, Managing Director – International Operations; Mr. Asher O, Managing
Director – India Operations; Mr. Mayinkutty C, Senior Director, Malabar Group; Mr. Faisal A K,
Head of Manufacturing, Malabar Gold & Diamonds; Mr. Aparesh Chatterjee, Head –
Merchandising & SCM (Diamond & Studded); Mr. Arif Abdulhamid AlKhoori, Senior Vice
President – Customer Care, DAFZ; other key officials from DAFZ, Malabar Gold & Diamonds’
management team members and well-wishers. The new office will serve as the cornerstone of
the brand’s international studded supply chain operations.

‘We’ve successfully operated out of DAFZ since 2020, benefitting from its numerous strategic
advantages, including access to world-class infrastructure, unparalleled convenience, and
seamless connectivity to both GCC and global markets. Additionally, the tax incentives offered
by DAFZ significantly enhance our financial and operational efficiency. Moreover, our
commitment to responsibility and sustainability aligns well with DAFZ’s eco-friendly initiatives
and support for sustainable business practices,’ said Mr MP Ahammed, Chairman of Malabar
Group.

Spanning 6,000 square feet, the new office will bolster DAFZ’s pivotal role in supporting
Malabar Gold & Diamonds’ current and future international operations. DAFZ’s state-of-the-art
infrastructure and facilities enable streamlined logistics operations for the brand, improving its
overall supply chain efficiency.

The new office will house approximately 80 management team members and will also include a
product development centre with a state-of-the-art design studio, emphasizing the brand’s
focus on innovation in its designs. Malabar Gold & Diamonds has over 350 showrooms in 13
countries, as well as multiple offices, design centres, wholesale units, and factories in India, the
Middle East, the Far East, the USA, the UK, Canada, and Australia.

Malabar Gold & Diamonds was established in 1993 and is the flagship company of Malabar
Group, a leading diversified Indian business conglomerate.
With an annual turnover of $6.2 billion, the company currently ranks as the 6th largest
jewellery retailer globally and today has a strong retail network of over 350 outlets spread
across 13 countries in addition to multiple offices, design centres, wholesale units, and factories
spread across India, Middle East, Far East, the USA, the UK, Canada & Australia. The group,
owned by more than 4,000 shareholders, has more than 21,000 professionals from over 26
countries working towards its continued success.

Malabar Gold & Diamonds also features an online store www.malabargoldanddiamonds.com providing customers the opportunity to purchase their favorite jewellery at any time and on any day from the comfort of their homes.

ESG (Environmental, Social & Governance) has been the primary commitment of the group
since its inception. The key ESG focus areas of Malabar Group are Health, Housing, Hunger Free
World, Education, Environment and Women empowerment. Integrating the principles of
responsibility and sustainability into its core business, Malabar Group periodically strengthens
its ESG goals to remain a socially conscious and responsible organization. The group contributes
5% of its profit to such initiatives in the same country of operation.