BUMA Secures Its First Syndicated Sharia Financing Facility Worth USD 60 Million

15 Sep 2023

Jakarta, 13 September 2023 – PT Bukit Makmur Mandiri Utama (BUMA), a subsidiary of PT Delta Dunia Makmur Tbk. (Delta Dunia Group) announced its first-ever syndicated Sharia financing in the history of the company with a total financing facility value of USD 60 million, equivalent to IDR 920 billion. In this financing facility, PT Bank Muamalat Indonesia Tbk. is participating with an amount of USD 50 million and simultaneously serving as the Mandated Lead Arranger (MLA), facility agent, and guarantee agent. This financing will run for a duration of five years until 2028.

The signing of the cooperation agreement was carried out by Nanang Rizal Achyar, Director of BUMA and Irvan Y. Noor, SEVP Enterprise Banking of Bank Muamalat, witnessed by Indra Falatehan, President Director of Bank Muamalat, Dian Andyasuri, Director of Delta Dunia Group and Iwan Fuad Salim, Group Deputy Director Finance & Investor Relations at Delta Dunia Group at South Quarter Tower, West Cilandak, Jakarta.

Nanang Rizal Achyar, President Director of BUMA, appreciates the trust given by Bank Muamalat. “We are proud and grateful for the financing support from Bank Muamalat, which is one of the leaders of sharia banking in Indonesia. This new funding with competitive pricing is evidence of BUMA’s credibility as a leading coal mining contractor company in Indonesia. We will use this funding to support our corporate actions and bolster BUMA’s operational activities. We hope that this collaboration can also lead to broader cooperation.”

Irvan Y. Noor, SEVP Enterprise Banking of Bank Muamalat, said that they welcomed the synergy with Delta Dunia Group through one of its subsidiaries, BUMA. This step is part of the commitment of the first purely sharia bank in Indonesia to contribute to sharia syndicated financing, especially in US dollar denominations. Apart from that, this collaboration can also be an entry point for Bank Muamalat to provide services to BUMA employees, including multi-purpose financing.

“This participation undoubtedly further strengthens Bank Muamalat’s portfolio in the corporate financing segment and demonstrates our active commitment to supporting national companies, particularly in the energy sector. Furthermore, we are optimistic that this contribution will enhance market confidence in Bank Muamalat, which is currently in the process of listing on the Indonesian Stock Exchange,” said Irvan.

Iwan Fuad Salim, Group Deputy Director Finance & Investor Relations at Delta Dunia Group, expresses optimism regarding the corporate actions of Bank Muamalat and BUMA. “As a group of companies committed to long-term growth, one of our strategies is to continuously enhance capital to support the company’s strategic initiatives across all our operational areas. With the company’s ongoing growth, we are confident in our ability to support the government’s economic growth agenda while also making a positive impact on society and the environment at large, aligning with the company’s environmental, social, and governance (ESG) commitments,” he stated.

As information, BUMA is one of the leading coal mining contractors in Indonesia that has successfully implemented a diversification strategy. This diversification includes metallurgical coal mining activities, especially through expansion into Australia by acquiring BUMA Australia in December 2021. In Q1 2023, Delta Dunia Group’s metallurgical coal and infrastructure businesses contributed 15% of group revenue. Supported by operational success in Indonesia and Australia, the diversification strategy and operational performance of the company have successfully increased Q1 revenue to USD 409 million, equivalent to IDR 6.13 trillion, representing a 23% increase compared to the previous year.

“This is a significant step for us. We hope that our collaboration with Bank Muamalat will bring positive and sustainable impacts for both parties in the future,” concluded Nanang.


About PT Delta Dunia Makmur Tbk.
PT Delta Dunia Makmur Tbk. was founded in 1990, and through its principal subsidiary, PT Bukit Makmur Utama (BUMA), is a leading coal mining services contractor in Indonesia and Australia, providing mining services to some of the largest coal producers in both countries. PT Delta Dunia Makmur Tbk. is listed on the board of the Indonesia Stock Exchange (IDX Code: DOID). DOID is headquartered in Jakarta, Indonesia.

About PT Bank Muamalat Indonesia Tbk
PT Bank Muamalat Indonesia Tbk is a pioneer of sharia banking in Indonesia, founded on November 1 1991 which was initiated by the MUI, ICMI, and several Muslim entrepreneurs who later received support from the Indonesian Government.

Since operating on May 1 1992, the company has continued to innovate by producing superior programs and services. The Bank Muamalat Shar-E Gold Debit Card is the first sharia bank chip card in Indonesia that can be used for fee-free transactions at millions of merchants throughout the world. Bank Muamalat also launched the #AyoHijrah campaign which invites people to live a blessed life by using financial services that comply with sharia.

As of 15 and 16 November 2021, the Hajj Financial Management Agency (BPKH) officially became the Controlling Shareholder (PSP) of Bank Muamalat after receiving a share grant from the Islamic Development Bank (IsDB) and SEDCO Group. Thus, BPKH’s total share ownership in Bank Muamalat becomes 82.66%. Apart from BPKH, Bank Muamalat shares are also owned by IsDB amounting to 2.04% and other shareholders with a portion of 15.3%.


For further information, please contact:

PT Delta Dunia Makmur Tbk.
Corporate Communication
South Quarter Tower A, Penthouse Floor Unit A-I
Jl R.A. Kartini Kav. 8, Cilandak Barat Jakarta 12430 Phone: +6221 3043 2080
Email: communications@deltadunia.com
Website: www.deltadunia.com
PT Bank Muamalat Indonesia Tbk
Corporate Affairs
Muamalat Tower
Jl. Prof Dr Satrio Kav 18, Jakarta 12940
Email: corporate.affairs@bankmuamalat.co.id
Website: www.bankmuamalat.co.id
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