Lootah Global Capital picks Heritage Amanah for Indonesia IPO services
ABU DHABI, 2 days ago Lootah Global Capital, a financial services company regulated by the Dubai Financial Services Authority, and Heritage Amanah International, an investment advisory company licensed by Indonesia Financial Regulatory Board, have signed a MoU to advise on the IPO and dual listing of an Indonesian tech company in the GCC stock market towards the end of 2021. The deal will explore opportunities between Mena and South East Asia and will bridge, in particular, the growing investment interests between the UAE and Indonesia, which were cemented through the UAE’s $10 billion commitment for Indonesia’s sovereign wealth fund (SWF).
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Dubai-based Lootah Global Capital and Indonesian wealth advisory firm Heritage Amanah International will advise on the initial public offering and dual listing of an unnamed Indonesian tech company in a Gulf stock market by the end of the year.
The financial services companies agreed to explore opportunities between the Middle East and North Africa and South East Asia amid growing investment ties between the UAE and Indonesia, Lootah Global Capital said in a statement on Saturday.
The company did not disclose the the size of the listing or identify the bourse where the Indonesian company will be listed. It also declined to name the company.
Lootah Global Capital picks Heritage Amanah for Indonesia IPO services tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Lootah Global Capital picks Heritage Amanah for Indonesia IPO services tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.