JAKARTA – Prominent national businessman Garibaldi “Boy” Thohir has reaffirmed his commitment to strengthening the Indonesian capital market by announcing a planned share buyback for PT Alamtri Resources Indonesia Tbk (ADRO). This strategic corporate action underscores his dedication to supporting the national economy and fostering greater participation from domestic investors.
Further elaborating on the decision, Boy Thohir stated that the planned share buyback also reflects his strong conviction in ADRO’s robust fundamentals and the promising long-term prospects of Indonesia’s energy and natural resources sectors. “I believe that both ADRO and the Indonesian capital market hold excellent long-term prospects,” Boy Thohir affirmed on Monday, March 16, 2026.
A share buyback involves a company repurchasing its own outstanding shares from the open market. This strategic maneuver is typically executed by companies to enhance shareholder value, stabilize the share price, and unequivocally demonstrate management’s confidence in the company’s operational performance and future outlook.
According to the company’s disclosure, PT Alamtri Resources Indonesia Tbk (ADRO) plans a share buyback program with a maximum value of Rp 4 trillion. The execution of this repurchase will be conducted gradually through the Indonesia Stock Exchange (IDX) over a period not exceeding 12 months, contingent upon receiving approval from the General Meeting of Shareholders (GMS).
The company further confirmed that this ambitious plan adheres to a robust framework of capital market regulations. These include, among others, OJK Regulation Number 29 of 2023 concerning Share Repurchases by Public Companies, OJK Regulation Number 15 of 2020 regarding the Planning and Execution of General Meetings of Shareholders for public companies, and the updated Limited Liability Company Law, as revised through regulations related to the Job Creation Law.