Macmahon Reappoints Amman Mineral Chief Arief Sidarto to Board

Macmahon Holdings Limited ( (AU:MAH) ) just unveiled an announcement.

Macmahon Holdings has appointed Mr Arief Sidarto as a Non-Independent, Non-Executive Director effective 29 April 2026, reinstating him to the board after his previous six-year tenure ended in July 2023. Sidarto, the President Director of major shareholder PT Amman Mineral Internasional Tbk and a seasoned finance and mining executive, joins as Amman’s second nominee director and is expected to bolster Macmahon’s governance depth and support its strategic growth ambitions.

Chair Greg Evans highlighted Sidarto’s leadership experience across finance, mining and infrastructure, including roles at Rajawali Corpora and Goldman Sachs, as enhancing the board’s capabilities. The appointment underlines the ongoing strategic alignment between Macmahon and its largest shareholder, potentially reinforcing the company’s position in key regional markets and providing additional oversight as it pursues expansion in mining and infrastructure services.

The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.82 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.

More about Macmahon Holdings Limited

Macmahon Holdings Limited is an ASX-listed contractor providing a full suite of mining and civil infrastructure services across Australia and Southeast Asia. The company has extensive experience in surface and underground mining as well as civil works, positioning it as a contractor of choice for resources, non-resources, public infrastructure and renewables projects, with a focus on collaborative, risk-minimising client relationships.

Average Trading Volume: 8,700,187

Technical Sentiment Signal: Buy

Current Market Cap: A$1.66B

For a thorough assessment of MAH stock, go to TipRanks’ Stock Analysis page.