15% Free Float, BSI Deputy Director: We’ll Start with at Least 10% First...

JAKARTA, KOMPAS.com - PT Bank Syariah Indonesia (Persero) Tbk or BSI will increase the portion of publicly traded shares (free float) from 9.91% to 15%, in line with capital market authority regulations. However, this will not be implemented this year. BSI Deputy Director Bob Tyasika Ananta stated that the company plans to increase the free float portion gradually. This is to meet the policy of raising the minimum free float limit from the Indonesia Stock Exchange (BEI) from 7.5% to 15%, as well as international free float standards such as those from Morgan Stanley Capital International (MSCI) at 15%. “There is indeed a plan for that. Especially if MSCI requires 15%. We’ll start with at least 10% first, then MSCI 15%,” he said when met at BSI Tower, Jakarta, on Tuesday (14/4/2026). Bob explained that options for increasing the free float are currently being studied, including through the involvement of BPI Danantara as the controlling shareholder. The final decision and scheme for adding the free float will heavily depend on the considerations of the shareholders. “For now, we propose through Danantara, and then Danantara will see how it goes,” said Bob. Nevertheless, Bob assured that the addition of the public share portion will not be realised this year. He estimated that the realisation of the free float increase would only occur in the coming years. “Clearly not this year, but if we talk about the next three years, it might happen,” he emphasised. For information, free float is the portion of a company’s shares owned by the public and freely tradable in the market, excluding ownership by controlling or strategic shareholders. With a larger free float, the number of shares circulating in the market increases, making transactions tend to be more active. The BEI’s policy to raise the minimum free float portion was implemented after the Indonesian capital market received attention from MSCI. This 15% free float requirement applies comprehensively, both to issuers already listed on the BEI and companies planning to conduct an initial public offering (IPO). Thus, all public companies are required to adjust their share ownership structure to align with the new regulation.