Kochi: Barjeel Geojit Securities
(BGS), a joint venture between UAE-based Sheikh Sultan bin Saud Al Qassemi and
India's Geojit BNP Paribas Financial Services Limited, are all set to launch
a real estate brokerage firm.
This new entity will facilitate clients to buy and
sell properties in the UAE and India, Sheikh Sultan bin Saud Al Qassemi,
chairman of BGS, told reporters here.
"To offer more value added services, the
company has also launched brokerage services for QFIs (qualified foreign
investors). Over the years, we have established a strong presence in the UAE
with offices in Dubai, Abu Dhabi, Sharjah and Al Ain that has helped us earn
the trust of customers," the BGS chairman said.
The Sharjah-based Sheikh has diversified interests
in construction, real estate and investments, says an IANS report.
C.J. George, managing director of Geojit BNP Paribas
Financial Services, said: "We will continue to support Barjeel Geojit in
its endeavours to provide its clients with the best and latest in financial
solutions."
Geojit BNP Paribas is one of the leading retail
stock brokers in India having a strong presence in the Middle East. It is
regulated there by Securities and Commodities Authority of the UAE and is a
member of the Dubai Gold and Commodities Exchange.
Its joint venture with Sheikh Sultan bin Saud Al
Qassemi has completed 12 years of its operations. BNP Paribas, the leading French banking group, has
34.05 percent equity stake in Geojit Financial Services Ltd.
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