Previously known as PT Itamaraya Tbk, the Company was established based on Deed No. 68 dated November 20, 1987 made legal in front of Zuraida Zein, S.H., Notary in Surabaya and legalized by the Ministry of Justice and Human Rights of Republic Indonesia in its Decision Letter No. C2-2899.HT.01.01.TH’89 dated April 5, 1989 and was published in State Gazatte No. 49 Supplement No. 1105 dated June 20, 1989.
Along with the Company’s development, the Company’s Articles of Association has been amended several times, including Deed No. 06 dated September 21, 2011 made in front of Leolin Jayayanti, S.H., Notary in Jakarta and legalized by Ministry of Justice and Human Rights of Republic Indonesia through its Decision Letter No. AHU-0078686.AH.01.09 Year 2011 dated September 29, 2011 underlining the result of Extraordinary General Meeting of Shareholders (EGMS) on June 28, 2010. The EGMS approved the change of the Company’s name from PT Itamaraya Tbk to PT Sumber Energi Andalan Tbk, the change of the Company’s logo, and the Company’s domicile relocation to Jakarta to be in line with the Company’s strategic plans, also the change of the Company’s business purpose/goals in accordance with Article 3 Deed No. 6 dated September 21, 2011, which was trading and export import activities as well as consultation service in mining and energy sector.
The latest amendments to the Company’s Articles of Association are stated in Deed No. 58 on August 27,2020, by Miki Tanumiharja, S.H., Notary in Jakarta, and approved by the Minister of Law and Human Rights through Decree No. AHU-0065770.AH.01.02 of 2020 on September 23, 2020.