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In his narrative, OJK Chief Executive of Capital Market, Financial Derivative and Carbon Exchange Supervision Hasan Fawzi said that this step was also aimed at increasing transparency, strengthening investor protection and maintaining trust in the Indonesian capital market.

"This policy provides flexibility to issuers in responding to market dynamics while supporting trading stability and investor confidence," said Hasan.

In the future, the implementation of the buyback will continue to refer to applicable regulations by taking into account the principle of prudence, the company's financial capacity and the obligation to disclose information.

Issuers are also required to fulfill the minimum free float provisions and carry out the transfer of shares resulting from the buyback (re-float). (*)