Barjeel Securities Opens New Branch In Abu Dhabi

Kochi, October 25: | Updated: Oct 26 2002, 05:30am hrs
The UAE-based Barjeel Securities LLC has opened its new branch in Abu Dhabi to deal in the Indian capital market.

A joint venture between Al Saud Investments of UAE and Geojit Secutrities, Barjeel is the first and only brokerage house with a licence from the UAE Central bank and plans to launch its services in the US and European markets, according to Barjeel chairman Sheikh Sultan Bin Saud Al Qasimi.

He told mediapersons that Barjeel which till now offered only the Indian market to its NRI clients would now launch its international operations and deal in NYSE, Nasdaq, Asian and European markets.

About the Indian market, he said that there was the need to review the present Sebi norms, which allowed foreign companies with a share holding of at least 20 members to trade in Indian shares.