JAKARTA – PT Arwana Citramulia Tbk (ARNA), a ceramic producer with a market capitalisation of IDR 2.33 trillion, will conduct a share buyback programme.

ARNA’s management will allocate IDR 100 billion for this corporate action. Management stated that this buyback would make the company’s share price “more stable” and enhance “shareholder confidence.”

The share buyback will take place from 29 April to 29 June 2025. For the execution, ARNA has appointed PT RHB Sekuritas as its securities trading intermediary.

“The share buyback will be carried out at a price lower than or equal to the prevailing transaction price,” ARNA’s management added in an official statement, quoted on Tuesday (29/4).

According to data from IDNFinancials.com, ARNA’s share price was stagnant at IDR 590 per share during trading on Monday (28/4). The company’s share price has fallen by 14.49% since the beginning of this year, and by 9.23% over the past year. (KR/ZH)