BSI Prepares 15% Free Float, Realisation Expected in Three Years

PT Bank Syariah Indonesia Tbk (BSI) will not raise its free float portion in the near term. The company is still reviewing the plan gradually. This initiative arises alongside the Financial Services Authority’s (OJK) push to increase the minimum free float limit from 7.5% to 15%. The push is related to Morgan Stanley Capital International’s (MSCI) request for transparency in early February. Stockbit data shows BSI’s current free float at 9.33%. BSI’s Deputy Director Bob Tyasika Ananta stated that the company already has a plan to increase that portion. “Indeed, there is a plan in that direction. Especially if referring to indices like MSCI which require around 15%,” said Bob when met in Jakarta on Tuesday (14/4/2026). The plan is still awaiting approval from controlling shareholders, including Danantara and other related parties. “All those considerations we propose, then the shareholders will see how it is,” he said. BSI views the free float increase as important for improving share liquidity. This step is also considered capable of attracting investor interest in the capital market. “As a public company, we want the free float to increase so that it is more optimal,” said Bob. “Not this year. Perhaps if talking about the next three years,” he added.