Conglomerate Kiki Barki's Issuer (HRUM) Plans Massive Share Buyback

The coal mining issuer owned by conglomerate Kiki Barki, PT Harum Energy (HRUM), has announced a plan for a share buyback with a maximum value of Rp120 billion.

According to information disclosure on the Indonesia Stock Exchange (IDX), as reported on Tuesday (29/09/2026), the buyback period is planned to last for three months, with the execution dates set from 28 September to 24 December 2026.

HRUM management stated that all funds for the share buyback will be sourced from internal cash, ensuring that the allocation “will not significantly affect the company’s financial capability.”

During this period, HRUM management has ensured that all employees, as well as major shareholders and their affiliates, are prohibited from conducting transactions involving the company’s shares.

The majority of HRUM shares are currently controlled by PT Karunia Bara Perkasa, with a 79.79% stake. The ultimate beneficiaries of HRUM shares are Lawrence Barki and Steven Scott Barki. The sons of Kiki Barki also hold HRUM shares directly, with stakes of 0.095% and 0.085% respectively.