1945 - 2022

Dr. HC. Ir. H. Arifin Panigoro bin Yusuf Panigoro

Medco Group Founder

It is with heavy heart that we announce the passing of our Company's Founder. He was a prominent and visionary figure of inspiration to us and to the Company. Not only he was passionate in what he did, he was also a dedicated man of honor to the nation and the country. May his legacy always live in the Company's soul and activities.

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Login | Tuesday, 26 September 2023 |

MedcoEnergi Results of Annual General Meeting of Shareholders

Media Release


MedcoEnergi Results of Annual General Meeting of Shareholders

Jakarta, May 31, 2023 – PT Medco Energi Internasional Tbk ("MedcoEnergi") held its Annual General Meeting of Shareholders (AGMS) on May 31, 2023.

Hilmi Panigoro, President Director of MedcoEnergi said, "In 2022 MedcoEnergi recorded its best-ever operational and financial performance. With the approvals from the AGMS today we are repaying some of our shareholders trust in the Board and management.”

Shareholders approved a total dividend of US$65 million for the 2022 financial year. The total dividend includes a US$25 million interim dividend (IDR 14.858 per share) which was paid to shareholders on September 8, 2022 and
a further final dividend of US$40 million (US$ 0.0016 per share) which will be paid in Indonesian Rupiah at the prevailing exchange rate in late June 2023.

In the AGMS Shareholders also approved the 2022 Annual Report and Audited Financial Statements, the remuneration for the Board of Commissioners and Board of Directors, the Company’s plan to conduct a limited shares buyback in accordance with OJK Regulation No. 30/POJK.04/2017 and the appointment of the financial auditor for 2023.