Malabar Gold & Diamonds sets aside AED 1.7 Million for CSR activities during Ramadan 2023
- CSR initiatives as part of Ramadan is carried out every year by the brand
- The generous initiatives by the brand has been strengthened as part of its 30th anniversary.
- Malabar Gold & Diamonds will partner with NGOs and likeminded organizations to distribute Iftar meals amongst the needy in the GCC and Far East.
Malabar Gold & Diamonds, the 6th largest jewellery retail chain in the world with 309 showrooms across 10 countries, has announced its CSR programs in the GCC and Far East regions for the Ramadan month. These activities are planned in addition to the ESG initiatives conducted by the group throughout the year in the 10 countries of operation. The brand will associate with embassies, NGOs and like-minded organizations to carry out philanthropic activities throughout the holy month, including the distribution of Iftar meals and food provision kits to deserving laborers and families. The generous initiatives, which Malabar Gold & Diamonds carries out without fail every year, is expected to be a boon for the under privileged sections of our society.
Around 125,000 Iftar meals will be distributed as part of this year’s Ramadan CSR initiatives across the UAE, KSA, Bahrain, Qatar, Oman, Kuwait, Malaysia, Singapore and the USA . In the UAE, Iftar meals will be distributed in the industrial areas of Sajjah as well as in the new gold souq extension in Deira, Dubai. The food donation drive is being conducted in association with CDA, AWQAF, Sharjah Charity, Dubai court and Dubai police.
“At Malabar Gold & Diamonds, the philanthropic activities that we have carried out over the years has resulted in the betterment of numerous lives and this is a fact that we are extremely proud of. The creation of a Hunger Free World is one of the key components of our ESG goals and the Ramadan initiative is in line with our larger objective. As Malabar Gold & Diamonds celebrates its 30th anniversary, we sincerely hope that our actions will leave a lasting impression and motivate other organizations to carry out similar activities”, commented Mr. Shamlal Ahamed, Managing Director – International Operations, Malabar Gold & Diamonds.
“The CSR activities that Malabar Gold & Diamonds carries out every year is a testament to our commitment towards making a significant change in the society. Spearheaded by the goodwill of our entire team and like-minded organizations, the month-long charitable activities that we have planned for Ramadan is sure to support those of us in our society who needs it the most. As we approach another holy month of piousness, generosity, and reflections, we would like to extend our sincere gratitude towards our partnering organization for their wholehearted support in this noble venture”, commented Mr. Abdul Salam K P, Vice Chairman of Malabar Group.
Right from its inception in 1993, CSR has been a primary commitment of Malabar Group, with 5% of net profits set aside for such activities in each region of operation. The key focus area of the group’s initiatives is in Health, Housing, Hunger free world, Education, Environment and Women empowerment. Integrating the principles of responsibility and sustainability into its core business, Malabar Group periodically strengthen its ESG (Environmental, Social & Governance) goals to remain a socially conscious and responsible organization.
Malabar Gold & Diamonds:
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 $4.1 billion, the company currently ranks as the 6th largest jewellery retailer globally and today has a strong retail network of 309 outlets spread across 10 countries in addition to multiple offices, design centers, wholesale units and factories spread across India, Middle East, Far East & USA. The group, owned by more than 4,000 shareholders, has more than 16,500 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 jewelry at any time and on any day from the comfort of their homes.
The group also operates MGD – Lifestyle Jewellery, a retail concept offering trendy and light weight jewellery that represents the independent and the modern woman through its designs and collections.
CSR has been the primary commitment of the group since its inception; integrating ESG (Environmental, Social & Governance) principles into the core business. The key CSR focus areas of Malabar Group are Hunger, Health, Education, Women Empowerment, Housing, and the Environment. The ESG goals of the organization are periodically strengthened by integrating responsibility and sustainability to remain a socially conscious and responsible organization. The group contributes 5% of its profit to such initiatives in the same country of operation