JAKARTA - PT Semen Indonesia (Persero) Tbk (SIG) on Friday, May 23, held the 2025 (AGM) Annual General Meeting of Shareholders (AGMS) in Jakarta. The meeting approved the determination of the use of profit for the year attributable to owners of the parent entity for the 2024 financial year amounting to IDR 719,763,332,429 as follows:
a. As much as 90.13 percent or as much as Rp648.75 billion was designated as cash dividends.b. At least 9.87 percent or at least Rp71.02 billion was designated as other reserves.
SIG Corporate Secretary, Vita Mahreyni said, GIS managed through 2024 by maintaining performance in the midst of a challenging domestic cement industry situation due to oversupply conditions, as well as tight competition accompanied by weakening people's purchasing power and slowing infrastructure projects.
With a micro-market approach to maintain dominance in the retail market and leadership in infrastructure projects, and strengthened by efficiency programs and increased sustainability aspects, SIG is able to maintain profitability and maintain its position as the largest cement industry in the country with a market share of 48.2 percent by the end of 2024.
"SIG is committed to optimizing value for shareholders through the distribution of dividends regularly. Dividend distribution of profits for the 2024 financial year is carried out through measurable policies by not ignoring the Company's financial condition and economic and industrial conditions in the future. The determination of part of net profit in 2024 as another reserve will strengthen the GIS capital structure to ensure operations can run well amidst the risks that overshadow this year," said Vita Mahreyni.
Furthermore, Vita Mahreyni added, the Meeting also approved the Company to carry out new business activities listed in the Company's Articles of Association, in order to optimize the commercialization of precision interlock brick solutions, which are GIS green cement derivative products for efficient, faster-built, earthquake-resistant, and lower-carbon housing solutions. Precision interlock coalescession is also offered as a solution in the 3 million house program which is also expected to be a stimulant for the recovery of the performance of the building materials industry.
"This new business activity has been declared feasible through a business feasibility study published by an independent assessor appointed by the Company. GIS believes that the implementation of this new business activity will increase the Company's competitiveness and performance so as to strengthen the Company's position in the long term to be able to continue to provide added value for the Company and shareholders," said Vita Mahreyni.
The meeting honorably dismissed Mr. Budi Waseso as President Commissioner and Independent Commissioner; Mr. Sony Subrata as Commissioner; Mr. Yustinus Prastowo as Commissioner; Mr. Donny Arsal as President Director; Mr. Yosviandri as Director of Supply Chain; Mr. Agung Wiharto as Director of Human Resources and General Affairs; and Mr. Subhan as Director of Business and Marketing.
The meeting also changed the nomenclature of the position of the Board of Directors of the Company, namely originally the Director of Supply Chain to Director of Sales and Marketing; Business and Marketing Director to Director of Business Development and Strategy; Director of Finance and Management Portfolio to Director of Finance and Risk Management.
The meeting also added to the nomenclature of the position of the Company's Board of Directors, namely the Deputy President Director and transferred Mr. Andriano Hosny Panangian from the Director of Finance and Portfolio Management to Deputy President Director.
Furthermore, the Meeting appointed Mr. Sigit Widyawan as President Commissioner and Independent Commissioner; Mrs. Christina Aryani as Commissioner; Mr. Satya Bhakti Parikesit as Commissioner; Mr. Agung Budi Mulyanto as Independent Commissioner; Mr. Indrieffouny Indra as President Director; Mr. Dicky Saelan as Sales and Marketing Director; Mr. Dennis Pratista as Director of Business Development and Strategy; Mr. Sigit Prastowo as Director of Finance and Risk Management; and Mr. Hadi Setiadi as Director of Human Capital.
Thus, the following is the composition of the Board of Commissioners and Directors of the Company:
Board of Commissioners
President Commissioner concurrently Independent Commissioner: Sigit WidyawanCommissioner: Christina AryaniCommissioner: Lydia Silvanna DjamanCommissioner: Satya Bhakti Parikesit Independent Commissioner: Agung Budi MulyantoIndependent Commissioner: Saor SiagianIndependent Commissioner: Ratna Irsana
The Company's Board of Directors
President Director: Indrieffouny IndraVice President Director: Andriano Hosny Panangian Director of Sales and Marketing: Dicky Saelan Director of Business Development and Strategy: Dennis Pratista Finance Director and Risk Management: Sigit Prastowo Human Capital Director: Hadi Setiadi Operations Director: Reni Wulandari
Agreeing to the Company's Annual Report for the 2024 Fiscal Year, including the Supervision Report of the Board of Commissioners for the 2024 Fiscal Year, ratification of the Company's Financial Statements and Financial Reports of the Micro Business and Small Business Funding Program (PUMK) for the 2024 Fiscal Year, as well as granting full payment and release of responsibility to the Board of Directors and Board of Commissioners for the management and supervision of the Company which has been carried out during the 2024 Financial Year.
Agreeing to the Realization Report on the Use of Limited Public Offering (RPD) through Capital Increase by Providing Pre-emptive Rights I (PMHMETD I) and Changes to Plans for Using Limited Public Offering Results Funds through PMHMETD I.
The meeting also approved the plan to buy back shares issued by the Company (buyback) and the transfer of buyback shares based on OJK Regulation Number 29 of 2023 concerning the Purchase of Shares Issued by Open Companies.
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