Jakarta, April 30, 2025 – PT Rukun Raharja, Tbk (IDX: RAJA), a leading oil and gas company in Indonesia, held its Annual General Meeting of Shareholders (AGMS) for the 2024 Fiscal Year today, Wednesday (30/04), at Thamrin Nine Ballroom, Chubb Square, Central Jakarta. The AGMS was conducted in a hybrid format, combining in-person and virtual attendance to accommodate shareholders who were unable to attend in person, allowing them to participate via a platform facilitated by KSEI.
This 2024 AGMS met the quorum requirements as stipulated by prevailing laws and regulations. The Company discussed six (6) agenda items, namely:
Approval of the Annual Report and Ratification of the Consolidated Financial Statements, as well as the Supervisory Report of the Board of Commissioners for fiscal year 2024. This agenda highlighted the Company’s strong performance throughout the year. Revenue growth and increased profitability were key indicators of the successful execution of its business strategy. The revenue increase in 2024 was primarily driven by significant contributions from the downstream business line, supported by higher gas distribution volume and coverage, as well as income from the Company’s participating interest in its upstream portfolio, which added value to overall financial performance.
Dividend Distribution Approval: Shareholders approved the distribution of cash dividends totaling IDR 250 billion, equivalent to IDR 60 per share. This decision reflects the Company’s commitment to delivering value to shareholders, in line with the solid financial performance of fiscal year 2024. The dividend distribution took into account cash flow conditions, as well as operational and investment funding needs, to ensure sustainable business growth and long-term financial health. The dividend represents a payout ratio of 59% of the 2024 net profit, an increase from the previous year’s 39%, demonstrating the Company’s consistent commitment to a balanced and sustainable dividend policy.
Recording date: May 15, 2025
Cum dividend in Regular and Negotiated Markets: May 8, 2025
Ex dividend in Regular and Negotiated Markets: May 9, 2025
Cum dividend in Cash Market: May 15, 2025
Ex dividend in Cash Market: May 16, 2025
Dividend payment date: June 4, 2025
Remuneration Approval: Shareholders authorized the Board of Commissioners to determine the salary and other benefits for the Board of Directors, and approved the remuneration and allowances for members of the Board of Commissioners, with a minimum amount equivalent to the 2024 fiscal year. This decision considered the competitiveness within the industry and the Company’s financial condition.
Public Accountant Appointment: Shareholders authorized the Board of Commissioners to appoint a Public Accounting Firm (PAF) to audit the Company’s Consolidated Financial Statements for the 2025 Fiscal Year. The decision was made by evaluating the professionalism, independence, and track record of the PAF to ensure audit quality and support good corporate governance.
Changes in the Board of Commissioners and/or Directors: Shareholders approved the honorable discharge of Mr. Sumantri from his position as Director and Mr. Orias Petrus Moedak from his position as Independent Commissioner. Both individuals will continue contributing to the Group at the subsidiary level through strategic assignments, as part of efforts to strengthen capabilities and accelerate business development. Management believes their experience and competence will significantly support the subsidiaries' growth and transformation.
The composition of the Board of Commissioners and Board of Directors for the term until the closing of the 2026 AGMS is as follows:
Board of Commissioners:
President Commissioner: Rudiantara
Commissioner: M. Arsjad Rasjid PM
Independent Commissioner: Rachmat Gobel
Independent Commissioner: D. Andhi Nirwanto
Board of Directors:
President Director: Djauhar Maulidi
Director: Ogi Rulino
Amendment to Article 3 of the Company’s Articles of Association, which governs the Company’s purpose, objectives, and business activities, to align with the 2020 Indonesian Standard Industrial Classification (KBLI). This update ensures that all of the Company’s business activities are compliant with the latest government regulations and provides greater flexibility to develop business lines aligned with long-term growth strategies. This also reflects the Company’s commitment to legal compliance and good corporate governance, while opening opportunities for expansion into potential sectors that support its business transformation.
PT Rukun Raharja, Tbk
Djauhar Maulidi
President Director
This press release may contain forward-looking statements based on current information and the Company’s expectations. These involve risks, uncertainties, and assumptions. Factors that may cause actual results to differ materially include industry conditions, crude oil and natural gas prices, the Company’s ability to complete new projects on time, and various other factors. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, actual outcomes may differ from those indicated.
For further information, please contact:
PT Rukun Raharja, Tbk
Yuni Pattinasarani – Corporate Secretary and Communication
Phone: +62 819 7899 499
Email: corsec@raja.co.id
