Dubai’s Shuaa Capital expands to Indonesia

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Shaikh Maktoum Hasher Al Maktoum, Executive Chairman of Shuaa Capital

Dubai-based investment banking firm Shuaa Capital is about to enter the Indonesian capital market to offer investment banking services to issuers and investors in the UAE and in Indonesia, the company said on December 5 in a release.

Shuaa Capital, one of the Arab world’s largest investment banks, said it has entered into a memorandum of understanding with Jakarta-based investment banking company PT Pratama Capital Indonesia.

“With this MoU we are taking an important first step to develop representation in the largest Southeast Asian economy and start facilitating cross-border capital flows between the UAE and Indonesia,” said Shaikh Maktoum Hasher Al Maktoum, Executive Chairman of SHUAA Capital and member of the ruling family in Dubai.

In turn, Pratama Capital Indonesia said it seeks to expand its reach to the UAE and other GCC countries in light of increasing trade activity and investor interest between the two countries.

Shuaa Capital focuses on five core businesses, namely investment banking – mainly IPO transactions -, asset management, brokerage, private equity and corporate finance. Key IPO transactions led by Shuaa  includec Arabtec, Aramex, Islamic Arab Insurance Company, Gulf Navigation, Air Arabia, Aramex and DP World.

PT Pratama Capital Indonesia is a limited liability company established in 2004. It is licensed as an underwriter and broker-dealer by the Indonesian Capital Market & Financial Institution Supervisory Board and a member of the Indonesian Stock Exchange.

According to people with knowledge of the matter, the two firms aim to participate in large IPOs scheduled in Indonesia by 2013, among them PT Pos Logistik Indonesia, Lion Air, AirAsia Indonesia, the country’s largest taxi operator Bluebird Group, state-owned cement producer PT Semen Baturaja and construction material firm PT Wijaya Karya Tbk.

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Reading Time: 2 minutes

Shaikh Maktoum Hasher Al Maktoum, Executive Chairman of Shuaa Capital

Dubai-based investment banking firm Shuaa Capital is about to enter the Indonesian capital market to offer investment banking services to issuers and investors in the UAE and in Indonesia, the company said on December 5 in a release.

Reading Time: 2 minutes

Shaikh Maktoum Hasher Al Maktoum, Executive Chairman of Shuaa Capital

Dubai-based investment banking firm Shuaa Capital is about to enter the Indonesian capital market to offer investment banking services to issuers and investors in the UAE and in Indonesia, the company said on December 5 in a release.

Shuaa Capital, one of the Arab world’s largest investment banks, said it has entered into a memorandum of understanding with Jakarta-based investment banking company PT Pratama Capital Indonesia.

“With this MoU we are taking an important first step to develop representation in the largest Southeast Asian economy and start facilitating cross-border capital flows between the UAE and Indonesia,” said Shaikh Maktoum Hasher Al Maktoum, Executive Chairman of SHUAA Capital and member of the ruling family in Dubai.

In turn, Pratama Capital Indonesia said it seeks to expand its reach to the UAE and other GCC countries in light of increasing trade activity and investor interest between the two countries.

Shuaa Capital focuses on five core businesses, namely investment banking – mainly IPO transactions -, asset management, brokerage, private equity and corporate finance. Key IPO transactions led by Shuaa  includec Arabtec, Aramex, Islamic Arab Insurance Company, Gulf Navigation, Air Arabia, Aramex and DP World.

PT Pratama Capital Indonesia is a limited liability company established in 2004. It is licensed as an underwriter and broker-dealer by the Indonesian Capital Market & Financial Institution Supervisory Board and a member of the Indonesian Stock Exchange.

According to people with knowledge of the matter, the two firms aim to participate in large IPOs scheduled in Indonesia by 2013, among them PT Pos Logistik Indonesia, Lion Air, AirAsia Indonesia, the country’s largest taxi operator Bluebird Group, state-owned cement producer PT Semen Baturaja and construction material firm PT Wijaya Karya Tbk.

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