Reliance Money now in Saudi Arabia

Kolkata, Aug 7: Reliance Money, an Anil Dhirubhai Ambani Group company, has floated Riyada Reliance Money to do business in Saudi Arabia, RM CEO Sudip Banerjee said. The Riyada Reliance Money, a cent per cent RM's subsidiary, was launched with Rial 200 million (Rs 238 crore) last July.

It applied for membership in Takaful, Saudi stock exchange, to do business in the Arabian nation, where about two million NRIs reside, Mr Banerjee said to newspersons.

UNI