Financial Daily from THE HINDU group of publications
Thursday, Mar 09, 2006
Financial Daily from THE HINDU group of publications Thursday, Mar 09, 2006 |
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Markets
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Financial Services Industry & Economy - NRIs Geojit to set up broking firm in Saudi Our Bureau
Mumbai , March 8 Geojit Financial Services Ltd, a leading retail stock and commodity brokerage, is setting up a joint venture broking company in Saudi Arabia. The joint venture company will have tie-ups with local partners, subject to all necessary regulatory approvals. In a communiqué to BSE, Geojit said its board approved the proposal on Tuesday. Kochi-head quartered Geojit Financial Services has also decided to take membership in the Dubai Financial Market (The Dubai Stock Exchange) by incorporating a broking company in the UAE. In this venture too, the company will have "appropriate tie up" with local partners.
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