SHUAA Signs MoU with Pratama Capital Indonesia
DUBAI, UAE, December 5, 2012
DUBAI, UAE, December 5, 2012 /PRNewswire/ --
SHUAA Capital psc announces today that is has entered into a Memorandum of
Understanding ('MoU') with PT Pratama Capital Indonesia ('PCI'). The MoU
involves the development of a mutually beneficial collaboration between the
two firms, offering a variety of investment banking services to issuers and
investors in the UAE and the Republic of Indonesia.
(Photo: http://photos.prnewswire.com/prnh/20121205/582147 )
The MoU was signed in Dubai by HH Sheikh Maktoum Hasher Al Maktoum, Executive
Chairman of SHUAA 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 ^[ ^1
^] and real GDP growth of 6.5% ^[ ^2 ^] In 2011. Bilateral trade between the
UAE and Indonesia has grown by over 25% to US$2.5 billion in 2011 ^[ ^3 ^] 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 SHUAA Capital
"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 SHUAA to the
benefit of our clients who wish to leverage our combined expertise and
investment banking advisory capabilities."
Notes to Editors:
Additional information about Dr. Sugiharto: Dr. Sugiharto started his career
as Auditor and Management Consultant at SGV-Utomo. He held important positions
such as Senior Investment Banking Officer (Board Member and Vice President at
Bankers Trust and Chemical Bank as well as other senior positions, including
CEO and CFO at Medco Group. During his career, Dr. Sugiharto was a member of
the Special Staff to the Vice President of the Republic of Indonesia and
Minister of State-Owned Enterprises in the United Indonesia Cabinet.
Currently, Dr. Sugiharto serves Member of the Board and Chairman of PT
Pertamina, the State Oil and Natural Gas Mining Company which is one of the
world's largest producers and exporters of Liquefied Natural Gas; Bumiputera
1912, a mutual life insurance company; PT Riau Bara Harum, a coal mining
SHUAA Capital psc ('SHUAA') offers client-centric, fully integrated investment
banking services. SHUAA, headquartered in Dubai, United Arab Emirates,
services corporate and institutional clients as well as family businesses and
high-net-worth-individuals with expertise in the areas of asset management,
investment banking, capital markets and credit. SHUAA was established in 1979
by Emiri decree No. 6. SHUAA is a public shareholding company, regulated as a
financial investment company by the UAE Central Bank, and its stocks are
listed on the Dubai Financial Market. http://www.shuaa.com
^[ ^1 ^] Source: CIA World Factbook, 2011 est
^[ ^2 ^] Source: International Monetary Fund, World economic Outlook, April
^[ ^3 ^] Source: Quote of Salman Al Farisi, Indonesian Ambassador to the UAE
Cautionary Statement Regarding Forward-Looking Information
The statements contained herein may include statements of future expectations
and other forward-looking statements that are based on management's current
views and assumptions and involve known and unknown risks and uncertainties
that could cause actual results, performance or events to differ materially
from those expressed or implied in such statements.
For further information please contact: Oliver Schutzmann Head of Investor
Relations & Corporate Communications Tel: +971-4-319-9872 Mobile:
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