Examining the Impact of the 15% Free Float Requirement: What Lies Ahead for Sharia Bank Issuers?

JAKARTA — The Indonesia Stock Exchange (IDX) continues to deliberate on adjustments to regulations requiring listed companies to increase their public shareholding portion, or free float, to a minimum of 15 per cent. To comply with the regulation, it is estimated that several issuers will need to undertake corporate actions or share divestments.

[Note: The article text provided is truncated and does not contain the full body of the original piece. The available content indicates the article discusses the IDX’s ongoing efforts to enforce a minimum 15 per cent free float requirement and its potential impact on sharia-compliant bank issuers listed on the exchange.]