Aiming to Boost Free Float Shares to 15%, BSI Boss Reveals Targets
Jakarta, CNBC Indonesia - PT Bank Syariah Indonesia (Persero) Tbk. (BSI) plans to increase the portion of shares circulating in the public (free float) from the current 9.91% to 15%. However, this plan is confirmed not to be met this year.
BSI’s Vice President Director Bob Tyasika Ananta stated that the free float increase will be carried out gradually by the company.
This step is taken to adjust to the Indonesia Stock Exchange (BEI) policy, which raises the minimum free float limit from 7.5% to 15%. Additionally, BSI also considers international standards such as Morgan Stanley Capital International (MSCI), which sets a minimum free float of 15%.
As a public company, BSI views the free float increase as important so that the company’s shares are more liquid and optimally traded in the market.
“There is indeed a plan for that. Especially if MSCI requires 15%. We at least 10% first, then MSCI 15%,” he said after the Halal Bihalal Forum Group (FG) of Sharia Economy and Finance PP-ISEI 2026 at BSI Tower in Jakarta on Tuesday (14/4/2026).
Bob added that currently, they are still studying various options to increase the free float, including through the role of BPI Danantara as the controlling shareholder. The final decision and scheme for adding the free float will be determined based on the considerations of the shareholders.
“We propose for now through Danantara, and then Danantara will see how,” he concluded.
Nevertheless, Bob emphasised that the addition of the public share portion will not happen in the near term. He estimated that the realisation of the free float increase might only be carried out in the coming years.
“It’s clear it won’t be this year, but if we talk about the next three years, it might happen,” he asserted.
For information, free float is the portion of the company’s shares owned by the public and can be freely traded in the market, outside the ownership of controlling shareholders or strategic investors.
The larger the free float portion, the greater the number of shares circulating in the market, thus increasing the potential for transaction activity.
BEI’s policy to raise the minimum free float limit emerged after the Indonesian capital market received attention from MSCI.
The 15% minimum free float provision applies to all issuers, both companies already listed on BEI and those that will conduct an initial public offering (IPO).
With this regulation, all public companies need to adjust their share ownership structure to comply with the latest rules.