JAKARTA – The Indonesia Stock Exchange (IDX) is set to implement a new policy in April 2026, requiring listed companies to maintain a minimum free float of 15%. As the deadline approaches, several issuers, including PT Bank Syariah Indonesia Tbk (BRIS), are working to align their share structures with the new regulation.
As of Wednesday, June 3, 2026, the free float ratio for BRIS stands at 9.33%. Under the IDX mandate, issuers with a market capitalization exceeding Rp 5 trillion, which includes BRIS, have been granted a transition period to comply with the requirement, with a final deadline set for March 31, 2028.
Grandhis Helmi Harumansyah, Director of Risk Management at BSI, stated that the state-owned bank is currently awaiting strategic guidance from Danantara regarding the plan to increase its public float.
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“We are following the directives from Danantara as our proxy and shareholder. We will continue to engage in ongoing discussions with both Danantara and our broader shareholder base,” Grandhis explained in a recent interview.
While awaiting further developments regarding the free float adjustment, the company remains focused on driving business performance. Grandhis believes that solid financial results will naturally enhance the appeal of BRIS shares to investors.
“We are committed to ensuring that the company’s performance remains within well-managed risk parameters. Ultimately, investors monitor the company’s performance closely,” he added.
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To sustain this growth, BRIS consistently conducts rigorous stress tests to manage financial stability. Grandhis expressed confidence that the bank is well-positioned to maintain its strong performance in the coming years.
Meanwhile, in market activity on Wednesday, June 3, 2026, at 10:30 AM WIB, shares of BRIS were trading at Rp 19,200, reflecting a 1.29% decline from the previous day’s closing price.
Summary
PT Bank Syariah Indonesia Tbk (BRIS) is currently preparing to meet the Indonesia Stock Exchange’s new regulatory requirement for a 15% free float ratio by March 31, 2028. With its current free float standing at 9.33%, the bank is actively awaiting strategic guidance from Danantara to align its share structure with the mandate.
While awaiting further directives, BRIS remains focused on maintaining strong business performance and rigorous risk management to attract investors. Management believes that solid financial results will be essential in navigating this transition and ensuring continued stability in the market.