SHUAA signs MoU with Pratama Capital Indonesia.
The MoU was signed in Dubai by HH Sheikh Maktoum Hasher Al Maktoum, Executive Chairman of SHU Capital and Dr. H. Sugiharto, Senior Advisor of PT Pratama Capital Indonesia and former Minister of State-Owned Enterprises in the United Indonesia Cabinet as well as Dr. Iwan Margana, President Director of PT Pratama Capital Indonesia.
The Republic of Indonesia is the sixteenth largest economy in the world and a G-20 member with a GDP (purchasing power parity) of over $1.1 trillion and real GDP growth of 6.5 per cent In 2011. Bilateral trade between the UAE and Indonesia has grown by over 25 per cent to $2.5 billion in 2011 and is expected to increase substantially in the coming years.
PT Pratama Capital Indonesia is a limited liability company established in the Republic of Indonesia in 2004. PCI is licensed as an Underwriter/Broker-Dealer by the Indonesian Capital Market & Financial Institution Supervisory Board and a member of the Indonesian Stock Exchange.
HH Sheikh Maktoum Hasher Al Maktoum, Executive Chairman of SHU Capital said, "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."
Dr. Sugiharto, Senior Advisor of Pratama Capital Indonesia added, "Pratama Capital Indonesia seeks to expand its reach to the UAE and other GCC countries in light of increasing trade activity and investor interest between our countries. Our goal is to build a trusted relationship with SHU to the benefit of our clients who wish to leverage our combined expertise and investment banking advisory capabilities."
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