(MENAFN) Dubai-based Shuaa Capital has inked a memorandum of understanding with PT Pratama Capital Indonesia (PCI), paving the way for the asset manager to access the Indonesian investment market, Arabian Business reported.
Under the MoU, the two firms will cooperate in offering investment banking services to issuers and investors in the UAE and the Republic of Indonesia.
PT Pratama Capital Indonesia is a limited liability company and a member of the Indonesian Stock Exchange.
The firm, which fell victim of the global financial crisis in and Dubai's real estate market collapse in2008, is currently embarking on a new strategy, focused more on growing its lending business, as part of a turnaround plan.
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