PALMOILMAGAZINE, JAKARTA — PT Sawit Sumbermas Sarana Tbk (SSMS) continues to take decisive steps to strengthen its performance and long-term sustainability. The company recently held an Extraordinary General Meeting of Shareholders (EGMS) and an Independent Shareholders Meeting at Financial Hall, Jakarta, on Thursday.
During the meeting, shareholders approved two key agendas: the provision of collateral for a syndicated loan facility and changes to the company’s Board of Directors.
Shareholders granted approval for SSMS to pledge a significant portion of its assets—including those of two subsidiaries—as collateral for a syndicated credit facility worth up to IDR5.2 trillion. The facility was arranged by several major financial institutions, including PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank Negara Indonesia (Persero) Tbk, PT Bank Syariah Indonesia (Persero) Tbk, Indonesia Eximbank (LPEI), PT Bank Woori Saudara Indonesia 1906 Tbk, PT Bank Maybank Indonesia Tbk, PT Bank KB Indonesia Tbk, and PT Allo Bank Indonesia Tbk.
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The loan is expected to strengthen the company’s capital structure and support its expansion and transformation agenda toward more efficient and sustainable operations.
Strengthening Sustainability Through Leadership Changes
The meeting also approved the appointment of Henky Satrio Wibowo as Director and Chief Sustainability Officer (CSO)—a newly designated role that underscores SSMS’s firm commitment to integrating Environmental, Social, and Governance (ESG) principles across its operations.
Following the meeting, the company’s board composition is as follows:
Board of Commissioners:
- Bungaran Saragih – President Commissioner
- Hoesen – Independent Commissioner
- Rimbun Situmorang – Commissioner
Board of Directors:
- Jap Hartono – President Director
- Akhmad Faisyal – Director
- Jahja Tanudjaja Adelai – Director
- Roshan Chakravarthy Vallautham – Director
- Henky Satrio Wibowo – Director
According to management, this strategic move reflects SSMS’s commitment to balancing business growth with social and environmental responsibility. The integration of sustainability principles is expected to drive innovation, improve operational efficiency, and enhance employee engagement and coIDRorate culture.
The company also reaffirmed its achievement of maintaining 100% RSPO and ISPO certification across all its operational units—a testament to its adherence to responsible business practices and sound governance.
SML Acquisition: A Step Toward Expansion and Efficiency
In the Independent Shareholders Meeting, shareholders also approved SSMS’s plan to acquire a majority stake in PT Sawit Mandiri Lestari (SML) from PT Citra Borneo Indah (CBI).
The acquisition forms part of SSMS’s long-term expansion strategy—without opening new land. Operating in Central Kalimantan with an area of 11,046 hectares, SML is considered highly strategic for strengthening the company’s supply chain, improving efficiency, and expanding production capacity.
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With plantations located nearby and relatively young crops, SML is expected to accelerate production growth and enhance SSMS’s financial performance in the coming years.
Management expressed optimism that the decisions made in the two meetings would generate substantial value for stakeholders.
“This acquisition is a key step to reinforce SSMS’s long-term competitiveness and business resilience in an increasingly dynamic palm oil industry,” management stated in an official release received by beige-heron-208544.hostingersite.com, Friday (October 31, 2025). (P2)
