Makara Strategic Acquisition Corp.

General Information

(Note: Makara Strategic Acquisition Corp. withdrew its SPAC IPO in an SEC filing dated May 15, 2023. The company filed its S-1 on Feb. 28, 2022.)

We intend to focus our search for a target business in the natural resources, clean energy or energy storage sectors in the Americas, Europe or Asia.

Dr. Amin Badr-El-Din is our chairman of the Board of Directors. Since 2005, he has served as the founder and chairman of BADR Investments, a global private investment house combining world-class strategic thinking and actively investing across various sectors including financial services, sustainable and renewable energy, extractive industries, real estate, engineering, manufacturing, and professional services. BADR Investments’ global reach includes investments in North America, the Pacific Rim, Europe and the Middle East. Dr. Badr-El-Din also was an advisor to His Highness Crown Prince Sheikh Mohammed Bin Zayed Al Nahyan of Abu Dhabi. Between 1990 – 2000, Dr. Badr-El-Din was the chairman and CEO of the UAE Offsets Group, also known as Mubadala, which he created in the early 1990s. The Group led the way for the Government of UAE’s privatization initiatives, including the creation of ADWEA (Abu Dhabi Water & Electricity Authority), the energy infrastructure project (Dolphin), Industrial Development Program, Mubadala sovereign fund, in addition to several other initiatives. Dr. Badr-El-Din conceived and launched Dolphin, which is a major strategic program designed to stimulate industrial and business investment in the UAE and beyond, with an overall objective of creating long-term economic growth for the Gulf Cooperation Council. 

Ali Ijaz Ahmad is our CEO and a director. Ali brings 25 years of experience in global asset management, private equity and cross-border deal structuring. He actively sits on and advises boards of leading institutions and governments on economic policy, intellectual property initiatives, financial markets and sustainable development, among others. Since 2006, Ali has served as the Managing Partner of Singapore-based Makara Capital, Limited, or Makara Capital, a financial services company founded in 2005 as a joint venture with Credit Suisse AG and later made independent by its founding partners. Makara specializes in fund management, private equity and deal-specific transactions in sectors that include innovation, infrastructure and energy. 

Employees: 0
Founded: 2021
Contact Information
Address 5 Independence Way, Suite 430 Princeton, NJ 08540
Phone Number (732) 845-9067
Web Address
View Prospectus: Makara Strategic Acquisition Corp.
Financial Information
Market Cap $315.0mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol MKARU
Exchange NASDAQ
Shares (millions): 25.0
Price range $10.00 - $10.00
Est. $ Volume $250.0 mil
Manager / Joint Managers EF Hutton
CO-Managers -
Expected To Trade:
Status: Withdrawn
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change