MUSCAT : Malabar Gold & Diamonds, the 6^th largest jewellery retailer globally with a strong retail network of over 290 outlets spread across 10 countries received Bank Muscat Award for the fifth consecutive year. The company got the award in the category ‘Jewellery for the year 2021’. The company has received Bank Muscat Award in the year 2015, 2016, 2017 & 2018 as well. Mr. Najeeb K, Regional Head – Malabar Gold & Diamonds, received the award from Mr. Sheikh Waleed Al Hashar, Chief Executive Officer- Bank Muscat in the presence of Mr. Muhsin P. Branch Head-Malabar Gold & Diamonds during a ceremony held on 26^th October at the Oman Convention and Exhibition Centre.

Bank Muscat hosts the event to honor, recognize and celebrate the success of their top merchants.

“To be felicitated with the ‘Bank Muscat Award’ for the 5^th time in a row gives us great joy. Malabar Gold & Diamonds have always strived to provide our customers with exquisitely crafted jewellery that showcase our expertise in the trade as well as great customer service. This award is a testament to our success in the same. We dedicate this inspiring triumph to our millions of satisfied customers, team members and investors, without whose wholehearted support, this exceptional accomplishment would not have been possible”, said Mr. Najeeb K – Regional Head – Malabar Gold & Diamonds, speaking on the occasion.

Since its inception in 1993, Malabar Gold & Diamonds has developed a strong retail presence in India, Middle East, Far East and the USA, with a network of 290 outlets across ten countries. With an annual turnover of $4.1 billion, the company today ranks as the 6^th largest jewellery retailer globally. Malabar Gold & Diamonds has always kept customer-first as the principal attitude in all its steps taken and takes efforts at satisfying the discerning needs of its multinational and multicultural customers by incorporating the diverse tastes in the splendid jewellery designs that they showcase. Malabar Group offers exquisite and stunning jewelry as a part of various brands presented at Malabar Gold & Diamonds’ namely Mine – Diamonds Unlimited, Ethnix – Handcrafted Designer Jewellery, Era – Uncut Diamond Jewellery, Divine- Indian Heritage Jewellery, Precia – Gem Jewellery and Starlet – Kids Jewellery.

Malabar Gold & Diamonds currently operates 18 showrooms across Oman at Muscat, Seeb, Barka, Salalah, Sohar, Muthra Souk, Nizwa, Ibri, Al Bandar and Al Khoud.

The group has strived for creating a difference in people’s lives in and around their areas of business. CSR activities are a fundamental part of Malabar Group’s culture and the group is intrinsically connected to the communities that surrounds it. The organization ensures that a fixed percentage of its net profit is used for CSR activities every year and the charity projects of Malabar Gold & Diamonds have touched the lives of thousands of people. They focus primarily in areas such as health, education, environment, housing and women empowerment.