He received a Crystal Simorgh at Fajr International Film Festival for his portrayal of Hamoun, a literary intellectual who gradually loses his touch with reality and becomes entrapped into an obsessive and destructive conflict with his estranged wife whom he deeply loves.

Shakibai found also a considerable following for his voice, brought about through publication of the recordings of his readings of poems by contributors to modern Persian poetry including Forough Farrokhzad and Sohrab Sepehri.

[1] Shakibai is credited for helping to raise the stature of performing arts in Iran by the end of the 1980s, when the authorities in charge tended to neglect this area of cultural activities.

It has further been reported that on October 5, 2007, Khosrow Shakibai had been admitted to a hospital for suffering from diabetes, however on his explicit request the press had withheld this information from public.

On Sunday, July 20, 2008, the body of Khosrow Shakibai was laid to rest in The Artists Section of Behesht-e Zahra Cemetery in Tehran.