Barjeel Geojit to enter real estate brokerage sector

Kochi, April 23 (IANS) Barjeel Geojit Securities (BGS), a joint venture between UAE-based Sheikh Sultan bin Saud Al Qassemi and India-based Geojit BNP Paribas Financial Services Limited, is all set to launch a real estate brokerage firm, an official said.

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 late Monday.

“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.

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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