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Jun 15 2023

Musharaka Capital and DirectFN Sign an Agreement to Launch Nextgen Trading Platform (NTP)

Musharaka Capital announces the signing of an agreement with DirectFN to launch the Nextgen Trading Platform (NTP). The platform incorporates the highest technical standards provided globally, in order to enhance Musharaka Capital's trading experience for its clients. This step comes in line with Musharaka Capital's objective of providing customers with enhanced services as well as promoting the development of the Saudi capital market.

The agreement was signed by Mr. Ibrahim Al-Assaf, Chief Executive Officer of Musharaka Capital, and Dr. Walid Al-Ballaa, Managing Director of DirectFN Ltd.

Ibrahim Al-Assaf, CEO of Musharaka Capital said: “The launch of the trading platform (NTP) is a significant achievement and a defining moment in the company's history. As this step provides an ideal opportunity to contribute effectively to enhance the progress of the Saudi capital market. Furthermore, as a provider of brokerage services, we will continue to adhere to our investment principles, while working towards enhancing our clients' access to the rewarding investment opportunities available on the Saudi capital market.” 

For his part, Dr. Walid Al-Ballaa, Managing Director of DirectFN, welcomed the partnership with Musharaka Capital Stating: “We are proud of our partnership with Musharaka Capital, one of the leading capital market institutions. As we have developed the NextGen trading platform to provide an outstanding trading experience through its integrated services, while maintaining an up-to-date understanding of the field. Thus, providing Musharaka's clients and employees with an easy-to-use digital trading experience.

Musharaka Capital, a leading company in the field of asset management and investment banking services, headquartered in the Kingdom of Saudi Arabia and operating with a license from the Capital Market Authority.
DirectFN is a leading financial technology solutions provider. With over 20 years of experience in providing solutions in the financial services technology industry, in addition to multiple services across the region.

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