Saptono Adi Junarso, Executive Vice President Head of Privatization at the Indonesia Stock Exchange, confirmed that three state-owned companies are preparing their initial public offering (IPO) on the Indonesia Stock Exchange. These three companies are Wijaya Karya Realty, Tugu Pratama Indonesia, and Bank BRI Syariah.

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BRI Syariah, the Islamic banking unit of leading Indonesian commercial bank Bank Rakyat Indonesia (BRI), is currently assessing the prospects of conducting an initial public offering (IPO) on the Indonesia Stock Exchange. Indri Tri Handayani, Corporate Secretary at BRI Syariah, will invite several supporting institutions active within capital markets to advise on this IPO plan, including the administrative matters. If BRI Syariah will indeed go-ahead with the IPO, then it will not be realized sooner than early 2018.

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