Dividend Policy and Payment

The Company ensures the fulfillment of the rights of Shareholders, one of which is the right to receive dividend. The Company’s policy in the dividend payment is resolved through the mechanism of the General Meeting of Shareholders (GMS) based on the Law No. 40 of 2007 and the Articles of Association. The dividend payment is determined by the Board of Directors after obtaining approval from the Board of Commissioners considering several factors such as retained earnings, financial conditions, liquidity conditions, future business prospects, and cash requirements.

In 2017, the Company did not pay dividends in cash or in any other form.

Throughout 2018, the Company did not pay dividends to Shareholders, taking some factors into account such as the level of Company's financial health and without prejudice to the rights of the General Meeting of Shareholders to decide otherwise in accordance with the Company›s Articles of Association.