GEOJIT FIANANCIAL TO TRADE IN SAUDI MARKET
The fastest growing Geojit Financial Services has gained entry into the Saudi capital market with the Capital Market Authority(CMA) of the country giving its mod for Aloula Geojit Brokerage Company’s request to start domestic brokerage business.
CJ George,Managing Director of Geojit says that they would trade in local and international scrips in Saudi and it is the first Indian company to trade in the Saudi capital market. He said that Aloula Geojit was promoted by Geojit and AL Johar Group of Saudi Arabia along with the some high networth institutions and individuals in the Gulf region.
In the SR 100-million new venture, Geojit held 28 per cent of the paid-up equity capital for which it had invested Rs35.05 crore. Geojit was the single largest shareholder in the new venture.
