According to bank provided information, the Project consists of an equity investment by IFC in Global Market Access Network (DIFC) Ltd. (the “Company”). The Company operates Global Trading Network (“GTN”), a regulated trade execution technology platform which includes market data and third-party clearing and settlement services for stocks, bonds, foreign exchange, commodities, exchange-traded funds and other financial instruments. GTN provides its broker and institutional investor clients with efficient and low-cost global access to frontier, emerging and developed capital markets, with connectivity into over 80 exchanges across over 60 countries via a single-counterparty platform.
The Company is privately held by its Founder and Chairman, Mr. Mohamed Rasheed M Alballaa, as well as several other individual shareholders. Mr. Mohamed Rasheed M Alballaa is a Saudi Arabian entrepreneur and investor who is the Chairman of the National Technology Group, an ICT conglomerate established in 1984 with more than 20 subsidiaries across MENA and South Asia.
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