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Geojit inks JV agreement with BBK and JZ Associates

Geojit Financial Services Ltd. | Finance - Stock Broking | BFSI | BSE: 532285 | NSE: GEOJITFSL

10 Aug 2011 Evaluate

Geojit BNP Paribas Financial Services has formed a new joint venture (JV) with Bank of Bahrain and Kuwait (BBK) and Kuwait-based JZ Associates LLC. The new entity will be named as ‘BBK Geojit Securities KSC’, would be headquartered in Kuwait and will meet the needs of NRI population in accessing Indian capital markets.

BBK Geojit Securities KSC would offer various services, including brokerage services, depository services and mutual funds of Indian stock markets. The new entity will initially start operations with two offices. Kuwait, with over 600,000 NRI populations is expected to be a lucrative market for the new venture and plans are afoot to increase its presence to six offices.

BBK has completed 25 years of banking in India predominantly serving the NRI's from the GCC countries. The NRI services desk of the bank at Bahrain has been offering services relating to the Indian stock market to expats from the region with the support of Geojit BNPP. Geojit BNP Paribas has been expanding it's footprint in GCC countries over the last decade. This Joint Venture in Kuwait with BBK is the latest step in its efforts to provide savings and investment services relating to Indian Stock Market to NRIs in Kuwait who presently do not enjoy any such facility.

BBK NRI Services at Kuwait has a long presence in Kuwait, offering a wide range of banking products while JZ Associates LLC, a leading financial consulting firm in Kuwait.

Geojit BNP Paribas Financial Services offers wide range of investments options in equity, futures and options, IPOs and mutual funds. The company offers clients daily SMS alerts, market pointers, periodical research reports, stock recommendations and customer meets organized frequently. It also has online services named Classroom for new investors providing basic information about all investment avenues.

Geojit Finl. Service Share Price

66.72 -0.56 (-0.83%)

22-Apr-2026 15:41 View Price Chart

Peers

Company Name	CMP
Motilal Oswal Fin	807.05
Angel One	327.00
IIFL Capital Service	325.30
Nuvama Wealth	1375.90
Share India Sec.	150.55
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Geojit inks JV agreement with BBK and JZ Associates

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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