Lootah Global Capital and Heritage Amanah International to advise on the IPO and dual listing of Indonesian tech company on GCC stock market

Lootah Global Capital and Heritage Amanah International to advise on the IPO and dual listing of Indonesian tech company on GCC stock market

Planned fund-raising activity in the Gulf equity markets signals a return of international business and investors' confidence against the backdrop of the coronavirus pandemicUAE provides an attractive environment with its well-established and dynamic global financial centres with strong Islamic finance infrastructureDubai: 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 Memorandum of Understanding (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 MoU, signed by Lim Say Cheong, CEO of Lootah Global Capital and Salina Nordin, Founder & CEO of Heritage Amanah International, 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).The UAE has made significant strides to strengthen its ties with Indonesia, with the recent announcement of its intention to inject $10 billion into the Indonesian SWF at the directive of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu