Incorporation the Company on February 26, 2009 as a state-owned company with a specific role of supporting Indonesia`s infrastructure development agenda. PT SMI obtained its business license trough Minister of Finance Decree no. 396/KMK.010/2009.
The Company, representing the Indonesian Government, signed the Founders Agreement with Asian Development Bank (ADB), International Finance Corporation (IFC) and Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG), as a first step in the establishment of a joint-venture firm in infrastructure financing, PT Indonesia Infrastructure Finance (IIF). PT IIF obtained its business license through Minister of Finance Decree No. KEP-439/KM.10/2010.
Successful launching of PT IIF, a subsidiary company established as a joint-venture with ADB, IFC and DEG.
Additional Government capital injection of Rp1 trillion, an evidence of shareholders` long term commitment to PT SMI`s business growth and Indonesia`s infrastructure development.
Significant increase in business performance totaling over Rp400 billion of financing commitment in Electricity, Seaport, Toll Roads, Clean Water Supply, Railroads and Oil & Gas sectors.
Appointment of the Company by Indonesia`s Minister Finance as facilitator for two Public Private Partnership (PPP) showcase projects: Soekarno-Hatta Airport Railway project and Umbulan Water Supply project, allowing the Company to expand its service offerings to the infrastructure sector.
Total financing commitment jumped by 289,2% from a year earlier to Rp1,158 billion with wider exposure in terms of sector coverage, geographic location and range of financing schemes, while net profit reached Rp97.4 billion more than doubled compared to 2010 figure.
The launching of advisory services as the Company`s third business pillar complementing its existing businesses in project financing and project preparation, enabling the Company to offer a more complete solution to the market.
The Company received a National Long Term Rating of ‘AA(idn)` with Stable Outloook from Fitch Ratings, an evidence of market confidence to the Company and the prospect of Indonesia`s infrastructure sector.
Total infrastructure financing portfolio reached Rp2.222 billion in electricity, toll roads & toll bridges, drinking water, seaport, and other sectors across the nation, from total project cost of Rp19,5 trillion, creating a multiplier effect of 8,8 times that increased the Company`s role as Indonesia`s infrastructure development catalyst.
The Government of Indonesia provided an additional Rp2 trillion capital injection, representing shareholders` recognitions towards the Company`s performance, opening opportunities for the Company to further increase its contribution to the national infrastructure sector.
Official inauguration of SMinfra18 infrastructure index with Indonesia Stock Exchange, a reference of Indonesia`s infrastructure development opportunities on january 2013.
Expanding the organization into four Directorates: Main Directorate, Financing & Investment, Project Development & Advisory, and Risk Management, Finance & Support Directorates, reaffirming the Company`s growth aspiration.
Fitch Ratings upgrades the Company`s National Long Term Rating to ‘AA+(idn)` with Stable outlook and issues (BBB-/Stable) international ratings, reflecting the Company`s important strategic role the country`s infrastructure sector.
As an enhancement of SMIinfra18, on January 2014 an Exchange-Traded Fund (ETF) based on such index was launched (Ticker Code : XISI).
On May 2014, the Company held the first bond issuance “Obligasi I Sarana Multi Infrastruktur Tahun 2014” worth as much as IDR1.000.000.000.000 (one trillion rupiah). The bond issuance was aimed to promote PT SMI in carrying out its role as a catalyst in the acceleration of Indonesia’s infrastructure development.
The Company’s bond emission showed very exciting result with incoming requests exceeding 2.6x of the offered bond value.