Bursa Malaysia Berhad (“Bursa Malaysia”) and its subsidiary Bursa Malaysia RAM Capital Sdn Bhd (“BR Capital”) have entered into separate collaboration agreements with Unit Peneraju Agenda Bumiputera¹ (“TERAJU”).
 
In a joint media release issued by Bursa Malaysia and TERAJU on 11 February 2026, the parties announced that they have entered into a Memorandum of Collaboration (“MoC”) to jointly support and facilitate the participation of Bumiputera companies in the Malaysian capital market through initial public offering (“IPO”) listings.
 
Under the MoC, Bursa Malaysia will collaborate with TERAJU to guide and equip high potential Bumiputera companies towards complying with the IPO listing requirements and preparing for their IPO. This includes providing IPO-related advisory support, facilitating networking opportunities with capital market intermediaries and delivering targeted capacity-building programmes.
 
In furtherance of this collaboration, TERAJU will identify promising Bumiputera companies for participation in IPO readiness programmes, facilitate access to essential funding and incentives to support their transition to the public market, and coordinate with various stakeholders — including government agencies, financial institutions, and industry experts — to provide a holistic support system throughout the listing process.
 
According to Dato’ Fad’l Mohamed, Chief Executive Officer of Bursa Malaysia, “This initiative aligns with national ambitions under Pelan Transformasi Ekonomi Bumiputera (PuTERA35), which targets 30% Bumiputera equity ownership by 2035, signalling a broader and more inclusive economic future.”
 
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.” Encik Nawawi added that the collaboration with Bursa Malaysia will open pathways for more Bumiputera companies to participate and thrive in the capital market through the implementation of targeted programmes and initiatives.
 
In the joint media release, Bursa Malaysia and TERAJU also announced that 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.
 
According to the media release, Bursa Malaysia and TERAJU will continue participating in IPO roadshows. Bumiputera companies seeking to learn more about IPOs and related matters may contact Bursa Malaysia at listing@bursamalaysia.com.
 
Comments
 
In the last three years, the Malaysian capital market has witnessed a significant upward trajectory of IPOs, with 32, 55 and 60 companies being listed in 2023, 2024 and 2025 respectively. The collaboration with TERAJU will keep the IPO pipeline flowing and help the Malaysian Government achieve its target of 30% Bumiputera equity ownership by 2035 under the Pelan Transformasi Ekonomi Bumiputera (PuTERA35).
 
 
Alert by Tan Wei Liang (Partner) of the Corporate Practice of Skrine.
 
 

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