Danantara CEO Rosan Roeslani said that foreigners have the opportunity to become shareholders of the Indonesia Stock Exchange.

JAKARTA - Danantara Indonesia Chief Executive Officer (CEO) Rosan Roeslani said that foreign companies have the opportunity to become shareholders in PT Bursa Efek Indonesia (BEI) after the demutualization process is completed.

According to him, the ownership scheme is not new because it has been implemented in many world stock exchanges. Demutualization is considered to bring fundamental changes to the ownership structure and governance of the capital market.

"Yes, it is indeed like that in (the stock exchange), so it is separated between members and ownership, because now members and ownership are owned by most securities. Well, that's why this is opened so that it is better and more transparent," said Rosan when met by reporters at the Indonesia Stock Exchange (IDX) Building, Jakarta, quoted by Antara, Monday, February 2.

For information, the government is speeding up the completion of the demutualization rules of the Indonesia Stock Exchange (IDX) so that it can be processed in 2026.

As is known, demutualization is a process of changing the status of the IDX from a membership-based organization or Self-Regulatory Organization (SRO) owned by securities companies of exchange members, into a company-shaped entity that can be owned by the public or other parties.

The scheme aims to separate the interests of exchange members and exchange managers to reduce potential conflicts of interest.

Rosan explained that Sovereign Wealth Funds (SWF) in various countries generally also have a share of ownership in the stock exchange. Therefore, the involvement of investment institutions in other countries is considered a common practice in the management of modern stock exchanges.

Regarding the potential involvement of Danantara, Rosan said his party would conduct a study first before deciding on the amount of ownership if it were to invest.

The evaluation will consider a number of criteria, including valuation aspects and applicable investment policies.

"Regarding demutualization, we will first study how much we want to enter. Of course, we will also see the criteria when we enter and invest," said Rosan.

"We also see that in almost all other exchanges in the world, the Sovereign Wealth Fund is indeed included in the range of 15 percent, some are 25 percent, some are 30 percent, some are more than that," he added.