Haji Isam’s Listed Holdings, from Jhonlin Agro to Bayan Resources
National businessman Andi Syamsuddin Arsyad, known as Haji Isam, has a business portfolio connected to several publicly listed companies on the Indonesia Stock Exchange (IDX). Through Jhonlin Group, family companies and personal investments, his interests span oil palm plantations, biodiesel, mining logistics and minerals.
Listed companies linked to Haji Isam include PT Jhonlin Agro Raya Tbk (JARR), PT Dana Brata Luhur Tbk (TEBE), PT Pradiksi Gunatama Tbk (PGUN) and PT Abadi Nusantara Hijau Investama Tbk (PACK).
In addition, PT Jhonlin Baratama signed a conditional share sale and purchase agreement to acquire around 30 per cent of PT Bayan Resources Tbk (BYAN). However, the proposed transaction should be distinguished from ownership that has been officially recorded and completed.
The following are the listed shares and companies associated with Haji Isam, along with their business activities and ownership status, based on the available information.
- Jhonlin Agro Raya (JARR)
PT Jhonlin Agro Raya Tbk is one of the listed companies linked to Haji Isam’s business group. It operates in oil palm plantations and biodiesel processing.
Majority ownership of JARR is controlled through PT Eshan Agro Sentosa, which holds a 86.64 per cent stake. This makes JARR one of the companies with concentrated ownership in the business group associated with Haji Isam.
As its business has developed, JARR shares have also attracted attention because they were reportedly pledged to Bank Mandiri to support credit facilities for the business group.
JARR’s operations are connected to the palm oil industry’s supply chain, from plantations to the processing of derivative products. The sector is also affected by crude palm oil (CPO) prices and developments in the biodiesel industry.
- Dana Brata Luhur (TEBE)
The next listed company is PT Dana Brata Luhur Tbk, whose share code is TEBE. It operates coal-mining logistics infrastructure, including loading ports and coal transport routes.
Haji Isam’s connection to TEBE is through PT Dua Samudera Perkasa, which holds a 76.91 per cent stake.