Indian investors in Saudi Arabia launch NRI advisory service

KOCHI: To cater to the investment needs of non resident Indian investors in the Kingdom of Saudi Arabia, Aloula Geojit Capital Co (AGC) has launched its NRI advisory service.

AGC, a member of the Saudi Stock Exchange, will offer its NRI clients research and investment advice through its investment advisory services. AGC is the only Indian JV with membership in a local stock exchange, Ibrahim M Al Gadah, CEO of AGC and C J George, MD of Geojit BNP Paribas said here.

"There has been a renewed investor interest among NRIs to invest in Indian capital market in the context of global uncertainties", C J George said. With the launch of Aloula Geojit Capital Advisory Services, Indian nationals in Saudi Arabia can look forward to advisory services, he added.

Indians with valid residence permit in Saudi Arabia can also open an account through AGC and invest and trade in the Saudi market and subscribe to local mutual fund.