KUALA LUMPUR: Majlis Amanah Rakyat (Mara) is targeting three Bumiputera companies to be listed on Bursa Malaysia by 2026.
Deputy Rural and Regional Development Minister Datuk Rubiah Wang said the target was set under the Bumiputera Economic Transformation Plan 2035 (PuTERA35) initiative, which aims to identify and strengthen high-potential Bumiputera companies for market expansion and global competitiveness.
“Our initial target is three by 2026, as we have already strengthened the PuTERA35 initiative, and this is the first step through the identification of these companies.
“However, we are hopeful for more than that,” she said at a press conference after launching the second series of the Mara Ecosystem Automotive (Matec) 2025 today.
Also present was Mara chairman Datuk Dr Asyraf Wajdi Dusuki.
Rubiah added that Bateriku (M) Sdn Bhd is set to be listed on Bursa Malaysia, demonstrating that the skills and capabilities of entrepreneurs in the local automotive sector continue to grow.
She said Mara would continue strengthening its efforts to increase Bumiputera participation and ownership in the sector, with the aim of nurturing more successful entrepreneurs.
Commenting on Matec, Rubiah said the programme, now in its second year, highlights Mara’s strong presence in the automotive industry, a field not widely recognised by the public despite its extensive ecosystem.
She said that Mara’s ecosystem spans across education, with 344 institutions offering various programmes, including those focusing on the automotive field.
“To date, Mara has helped and developed more than 2,000 Bumiputera ventures specifically in the automotive sector, in line with Mara’s broader aspiration to complete the automotive ecosystem through the direct involvement of Mara and its subsidiaries in investment,” she said.
Rubiah said last year’s event recorded RM16.6 million in sales over three days, with 20,000 visitors.
“As of midnight yesterday, total sales had already reached RM50 million compared with RM16 million last year, while visitors have exceeded 40,000.”
© New Straits Times Press (M) Bhd
