<p>The additional licence is for underwriting, asset management, advisory and custody services in the securities business, said Geojit BNP Paribas managing director C.J. George in a statement issued here Wednesday.<br /><br />Added Aloula Geojit chief executive K. Kumar: "Investors can now choose from a wide range of products and services that includes investment in international markets.<br /><br />"Aloula Geojit is headquartered at Riyadh and has an office at Dammam. As a part of our expansion plans, the next branch will soon be opened at Jeddah."<br />Aloula Geojit started operations in Saudi Arabia in November 2008.<br /><br />Geojit had entered the Gulf retail financial services market in 2001 through Barjeel Geojit Securities, a joint venture with the Al Saud group of the United Arab Emirates (UAE). <br /><br />It followed this up with an agreement with Bank of Bahrain and Kuwait, one of the largest retail banks in Bahrain, Kuwait and Oman.<br /><br />Geojit BNP Paribas Financial Services has a network of over 500 offices and manages assets worth over Rs.10,000 crore.<br /><br />BNP Paribas, headquartered in Paris, is the main shareholder in Geojit.<br /></p>
<p>The additional licence is for underwriting, asset management, advisory and custody services in the securities business, said Geojit BNP Paribas managing director C.J. George in a statement issued here Wednesday.<br /><br />Added Aloula Geojit chief executive K. Kumar: "Investors can now choose from a wide range of products and services that includes investment in international markets.<br /><br />"Aloula Geojit is headquartered at Riyadh and has an office at Dammam. As a part of our expansion plans, the next branch will soon be opened at Jeddah."<br />Aloula Geojit started operations in Saudi Arabia in November 2008.<br /><br />Geojit had entered the Gulf retail financial services market in 2001 through Barjeel Geojit Securities, a joint venture with the Al Saud group of the United Arab Emirates (UAE). <br /><br />It followed this up with an agreement with Bank of Bahrain and Kuwait, one of the largest retail banks in Bahrain, Kuwait and Oman.<br /><br />Geojit BNP Paribas Financial Services has a network of over 500 offices and manages assets worth over Rs.10,000 crore.<br /><br />BNP Paribas, headquartered in Paris, is the main shareholder in Geojit.<br /></p>