JAKARTA - The Annual General Meeting of Shareholders (AGMS) of PT Saratoga Investama Sedaya Tbk (SRTG) which was held today, Wednesday, April 28, approved the distribution of dividends of up to IDR 298.43 billion. This figure is equivalent to IDR 110 per share.
Saratoga President Director Michael WP Soeryadjaya explained that Saratoga's consistency in distributing dividends to shareholders is part of the company's commitment to continue providing optimal added value. This illustrates that Saratoga's investment strategy is on the right track.
"We express our gratitude for the support of shareholders who have enabled the company to execute every investment plan. We are confident that the dividend distribution decision will make Saratoga more attractive as an investment partner in the Indonesian capital market", explained Michael after the AGMS and EGMS which were held online.
Michael revealed that the COVID-19 pandemic that has occurred since the beginning of 2020 has caused a lot of uncertainty and decreased economic activity globally and nationally. However, in such a very dynamic and challenging situation, Saratoga managed to maintain the momentum of the investment portfolio growth positively.
"This is reflected in the company's net asset value (NAV) which grew by 39 percent to IDR 31.70 trillion", he said.
During the pandemic, he said, Saratoga focused on maintaining operational resilience, both on the parent company and all investment portfolio companies. By continuing to prioritize prudent principles (prudence) in managing all risks and consistently implementing a diversification strategy, he is grateful that the target for operational resilience can be achieved well.
In 2020, Saratoga's investment value in PT Merdeka Copper Gold Tbk (MDKA) will increase by 120 percent to IDR 10.18 trillion and the investment value in PT Tower Bersama Infrastructure Tbk (TBIG) will grow 56 percent to IDR 12.64 trillion.
Saratoga also managed to book dividend income in 2020 of IDR 750 billion, most of which was contributed by PT Adaro Energy Tbk (ADRO) of IDR215 billion, PT Tower Bersama Infrastruktur Tbk (TBIG) IDR 214 billion, PT Mitra Pinasthika Mustika Tbk (MPMX) IDR 210 billion, and PT Provident Agro Tbk (PALM) in the amount of IDR 105 billion.
Saratoga's Investment Director Devin Wirawan said that to support the government in carrying out economic recovery due to the COVID-19 pandemic, Saratoga will continue to optimize investment in business lines which are the main needs of the community. The company will also encourage its investment portfolio to carry out business expansion so that it can reach more markets and become a solution for the community.
Devin showed the expansion of PT Famon Awal Bros Sedaya (Primaya Hospital) which continues to provide the best medical services in various regions in Indonesia. In this first semester, Primaya Hospital will launch 4 new hospitals to complement the 9 hospitals that have been operating until the end of 2020.
To support the acceleration of digitalization in Indonesia, PT Tower Bersama Infrastructure Tbk (TBIG) also continues to strengthen its telecommunication infrastructure. Among them is the acquisition of 3,000 towers from PT Inti Bangun Sejahtera Tbk (IBST).
To support the expansion of its investment portfolio, Devin continued, Saratoga is also consistent in carrying out corporate actions and increasing investment. Like in Mulia Bosco Logistik, the company's share ownership increased from 7.5 percent to 23.7 percent. Saratoga has also increased the company's share ownership in MPMX by 4.34 percent this month.
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