Bursa Malaysia Berhad has entered into a memorandum of collaboration (MoC) with Unit Peneraju Agenda Bumiputera (TERAJU) to jointly support and facilitate the participation of Bumiputera companies in the Malaysian capital market through initial public offering (IPO) listings.
The stock exchange said in a statement on Wednesday that as the national exchange, it serves as a vital bridge between businesses, capital and investors.
In line with this aspiration, the collaboration seeks to empower Bumiputera companies and enhance market diversity, unlocking new opportunities for investor engagement and economic growth.
Under the MoC, Bursa Malaysia will collaborate with TERAJU to guide and equip high potential Bumiputera companies towards the compliance of the IPO listing requirements and getting these companies ready for IPO.
This includes providing IPO-related advisory support, facilitating networking opportunities with capital market intermediaries, and delivering targeted capacity-building programs.
Meanwhile, TERAJU will play a vital role in identifying promising Bumiputera companies for participation in IPO readiness programs, facilitating access to essential funding and incentives to support their transition to the public market, and coordinating with various stakeholders—including government agencies, financial institutions, and industry
experts—to provide a holistic support system throughout the listing process.
“We look forward to collaborating with TERAJU to strengthen Bumiputera companies’ representation in the capital market,” said Fad’l Mohamed, Chief Executive Officer of Bursa Malaysia.
According to him, this initiative aligns with national ambitions under Pelan Transformasi Ekonomi Bumiputera (PuTERA35), which targets 30 percent Bumiputera equity ownership by 2035, signaling a broader and more inclusive economic future.
“There is considerable untapped potential among Bumiputera companies, and we are committed to supporting them in taking the next step towards becoming listed companies,” he added.
He also said this collaboration underscores the exchange’s proactive approach in building a strong IPO pipeline through deliberate and sustained engagement with potential issuers, working hand-in-hand with ecosystem partners such as TERAJU.
Meanwhile, Junady Nawawi, Chief Executive Officer of TERAJU, said the MoC marks a strategic and firm commitment to supporting Bumiputera companies on their journey towards a successful IPO – a process that requires guidance, planning, and strong discipline.
“This initiative focuses on addressing the missing middle—mid-sized Bumiputera companies with strong growth potential that often fall between existing support frameworks,
“Through this collaboration with Bursa Malaysia, we are opening pathways for more Bumiputera companies to participate and thrive in the capital market through the implementation of targeted programs and initiatives,” he added.
In addition to this MoC, Bursa Malaysia’s subsidiary, Bursa Malaysia RAM Capital Sdn Bhd (BR Capital), has separately entered into a Letter of Collaboration with TERAJU to support financing facilitation and capital market readiness initiatives for eligible Bumiputera enterprises.
This initiative complements the broader ecosystem objectives of the MoC, enabling Bumiputera companies to scale up their businesses and develop a stronger, more IPO‑ready pipeline for listing on Bursa Malaysia, said the statement.