MBS Global Investments partners with Malaysia-based Pacific Trustees Labuan to further develop access to Southeast Asia market

DUBAI (May 13, 2024): MBS Global Investments (MBS), an investment arm of the private office of His  Highness Sheikh Nayef Bin Eid Al Thani, based in Dubai, have entered into an agreement to cooperate  with Pacific Trustees Group International (Pacific Trustees), through its subsidiaries Pacific Trustees  Labuan Ltd (PTLL) and YES Investment Bank Labuan Ltd.  

Through this agreement, MBS will expand its presence in Labuan International Business and Finance  Centre (Labuan IBFC), positioning them for deeper entry into the Southeast Asian market. Similarly,  Pacific Trustees will be better positioned to expand its presence to Dubai, UAE.  

MBS, as the investment arm of the private office of His Highness Sheikh Nayef Bin Eid Al Thani,  provides an investment ecosystem, through an extensive network of business-to-government (B2G)  and business-to-business (B2B) connections that span multiple sectors and verticals. With a core  FinTech and Banking base, MBS have a diverse investment portfolio focusing on Green and CleanTech,  through to Real Estate, Regeneration, and LogiTech.  

Labuan IBFC, Asia’s premier international financial hub, is a duty-free island located off the coast of East Malaysia. Labuan IBFC provides a safe and holistic ecosystem for businesses, acting as a gateway for companies to Southeast Asia while implementing an efficient and flexible tax system.The jurisdiction’s unique selling propositions include an environment with no exchange control that is currency neutral, ease in conducting cross-border transactions and wholesale businesses as well as having no restrictions to foreign shareholding.

His Excellency Marwan Alhajeri, the Chairman of MBS, and Mr. Paul Cheah, the Group Chairman of Pacific Trustees, signed the agreement on May 11, 2024, in Dubai. Witnessing the momentous occasion were Ms. Mari-Len Ngu, Managing Director and CEO, Global Private Clients, Pacific Trustees and Mr. Ajmal Sharafuddin, Executive Director of MBS.

“We are excited to enter this partnership. We are constantly striving to expand and enhance the  services we provide to our global investment community and we are pleased to join hands with a  group that can assist us to bring more value and opportunities to our partners.” said H.E. Marwan  Alhajeri. 

“This is a major milestone for us, as it marks the beginning of our presence in the UAE while MBS will  be able to access the ASEAN market. Through our partnership, we are able to connect the UAE  economy, which has a GDP of USD507 billion, and ASEAN, which recorded a GDP of USD3.6 trillion in  2022. All of us are bullish about the new strategic alliance and anticipate a brighter business future,”  said Mr. Paul Cheah. 

"Pacific Trustees is a 30-year-old award-winning regional trust company with presence in Kuala  Lumpur, Singapore, Labuan and Hong Kong, and has provided trust services to more than 316 bonds 

and sukuk issuers in the market, with a total fund size of about RM697 billion in nominal value,” said  Ms. Mari-Len Ngu. 

PTLL is a full fledged licensed Trust Company regulated by the Labuan Financial Services Authority  (LFSA). Labuan IBFC is also regulated by the LFSA.

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