Haji Isam Acquires PACK as Company Expands Into Nickel

• Haji Isam acquired a 21.12% stake in PACK worth Rp936.65 billion as the company expands into nickel mining.

• PACK plans US$75.91 million mining acquisitions to accelerate its transformation into a nickel holding company

By Emirsyah Kevin Mecca, Attala Sabian Andhika, Maria Ella Risandra Puruhita, Nashwah Putri Az-Zahra

May 22 2026, at 16:30 GMT+7

H. Samsudin Andi Arsyad, widely known as Haji Isam, officially became a strategic shareholder in PT Abadi Nusantara Hijau Investama Tbk (PACK) after acquiring 6.83 billion shares valued at Rp936.65 billion.  Read more: GOTO Announces Rp3.5 Trillion Buyback to Boost Shareholder Value The transaction increased his ownership stake to 21.12% and represented a major ownership shift in the company. The shares were acquired from PT Eco Energi Persada, which reduced its controlling stake following the transaction. Investor attention toward PACK increased after the announcement, with the stock rallying to the auto rejection upper limit during trading. 

The market response reflected growing optimism surrounding the company’s future direction and the involvement of a high-profile investor with strong exposure to Indonesia’s natural resources and energy sectors.

Samsudin Andi Arsyad (Haji Isam) | Source: Tribun News PACK is accelerating its transformation into a nickel mining holding company after announcing new mining acquisitions valued at US$75.91 million. The company plans to acquire stakes in PT Karayatama Konawe Utara and PT Konutara Sejati as part of its broader expansion into the nickel industry. Read more: OpenAI and Anthropic Launch US$5.5B Ventures Funding for the transactions will come through a perpetual loan provided by PT Eco Energi Persada, the company’s controlling shareholder. The move marks a significant transition from PACK’s previous identity as a packaging company and highlights management’s long-term focus on the growing nickel and energy transition sectors. 

Investor optimism toward the company also strengthened following the expansion plans, particularly as nickel remains closely linked to long-term demand from the electric vehicle and energy transition industries.

Area Tambang Nikel PACK | Source: PT Abadi Nusantara Hijau Investama The entry of Haji Isam as a major shareholder strengthened confidence in PACK’s long-term growth prospects and increased focus on the company’s expansion plans. Investor optimism was supported by expectations that the company could develop into a larger player within Indonesia’s nickel industry following its ongoing transformation and acquisition strategy.  Read more: BUMI to Fully Acquire Loyal Metals for AU$79.1 Million The transaction also reinforced broader market interest in nickel-related companies, particularly as demand for critical minerals remains closely tied to electric vehicle and energy transition developments. 

However, the sustainability of the rally will depend on the company’s ability to execute its expansion plans and navigate commodity price movements and broader mining sector conditions.

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Sources: Ajaib CNBC Indonesia IDN Financials