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Article: Riyada Reliance Money launched.
- Article from:
- Gulf Daily News (Manama, Bahrain)
- Article date:
- July 6, 2008
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MANAMA: India's Reliance Money, a unit of financial services company Reliance Capital Limited, said it had launched a joint venture in Saudi Arabia as it seeks to expand its international presence. Reliance Money will hold the majority stake and all management control in Riyada Reliance Money (RRM), a venture with Bahrain-based advisory firm Riyada Consulting, the Indian company said.
The venture will seek regulatory approvals for launching services including broking, corporate finance, investment banking and asset management, it said.
"We already have a presence in Oman and Dubai, and our presence in Saudi Arabia will further complement our efforts to ...