RJ Market Watch
India’s $4.51b Malabar Gold & Diamonds’ international headquarters is now in DIFC
DIFC move will enable international operations 300+ shareholders to trade easily.
Dubai: The gold and jewellery retailer Malabar Gold & Diamonds’ international operations is now headquartered at the DIFC hub. The re-domiciling also means the international arm of the Indian retailer has entered the Nasdaq Dubai private Market and its shares placed with the stock exchange’s Central Securities Depository.
The group’s entry into the Nasdaq Dubai Private Market enables its 300-plus shareholders from international operations to buy and sell shares with the approval of the Board of Directors through brokerage companies like Emirates ENBD Securities. Transfers of ownership will take place securely via the CSD, while trading will take place off-exchange as the company remains privately held.
Malabar Gold and Diamonds currently generates annual turnover of $4.51 billion through a network of over 260 outlets and 14 wholesale units and 14 jewellery manufacturing centers across 10 countries.
The DIFC move is “a significant step that strengthens Malabar’s links with investors and provides the company with a well-regulated, efficient and secured solution for its share-related corporate actions,” said Malabar in a statement.
Courtesy: Gulf news
Bahrain’s New Jumbo Jewellers debuts in India, targets Gujarat market for strategic expansion
Pavit Gujral Designs shines at IAIAD Season 3 with ‘Kaleidoscope of the Jewelry Pop-Star’
Damas Jewellery introduces FOPE’s ‘Bubble Style’ collection at Bayt Damas Boutique in Dubai
Celebrities from the Middle East don elegant jewellery from iconic brands
Azyan Gold & Diamonds opens 5th UAE showroom in Jebel Ali with grand launch event
American Gem Trade Association bans exhibition of lab-grown gemstones at its shows
5th Retail Jeweller Dubai Forum 2024 set to decode Next-Gen retail and ways to drive its success
Kanz Jewels wins over customers’ hearts with electrifying event featuring Indian singer Kailash Kher
Phygital, tech adoption and bridging gap with Gen Z turn out to be key areas of focus at the 5th Retail Jeweller Dubai Forum
The revival of the choker
The Retail Jeweller World Dubai Forum 2021 shines a spotlight on the industry’s brightest achievements
Agile Leadership: What Kept the Boat Floating
A decade of home: Staying ahead in the game
ROI & GMROI : True Measure of Financial Dynamics in Retail
Driving finger-falls to footfalls: Aurum Bazaar
Wide Angle9 months agoAmerican Gem Trade Association bans exhibition of lab-grown gemstones at its shows
RJ Market Watch10 months ago5th Retail Jeweller Dubai Forum 2024 set to decode Next-Gen retail and ways to drive its success
RJ Market Watch8 months agoKanz Jewels wins over customers’ hearts with electrifying event featuring Indian singer Kailash Kher
Prime Story10 months agoPhygital, tech adoption and bridging gap with Gen Z turn out to be key areas of focus at the 5th Retail Jeweller Dubai Forum
You must be logged in to post a comment Login