Geojit Financial JV receives licence from Capital Market Authority to start broking operations in Saudi Arabia

Geojit Financial Services Ltd has announced that Aloula Geojit Brokerage Company, the joint venture Company of the Company in Saudi Arabia has received licence from Capital Market Authority (CMA), which is the licencing authority for broking operations in Saudi Arabia. In addition to being a joint venture partner, the Company will manage the operations of the said joint venture. This joint venture will invest an initial capital of SR 100 Million in this project.

Source : Equity Bulls

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