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.
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