Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* IPO of Sri Lanka's Amana Bank fully subscribed
Tue, Dec 24, 2013, 10:49 am SL Time, ColomboPage News Desk, Sri Lanka.

Dec 24, Colombo: The Initial Public Offering of Sri Lanka's first Islamic Bank, Amana Bank, has been fully subscribed, the Board of Directors said.

The bank offered 214.3 million shares at 7.0 rupees and a further 71.5 million shares if the first tranche was fully subscribed. The issue will remain open until 4:30 p.m. Tuesday December 24.

The proceeds from the IPO will be used to meet a 4 billion rupee regulatory minimum capital requirement as required by the Central Bank, according to the official IPO document.

Amana Bank is the first licensed commercial bank in Sri Lanka to conduct its operations in keeping with the principles of Islamic financing.

ColomboPage - Recent 10 Stories
Proposal to set up 60 mini theaters in 30 towns in Sri Lanka
-- [4 hours ago]
Sri Lanka to raise import taxes on cars and mobile phones - report
-- [5 hours ago]
Sri Lanka Army to open third wellness resort for handicapped soldiers in Kurunegala
Prime Minister to table a bill in parliament on the conduct of Sri Lanka's Buddhist monks
Sri Lanka's Speaker asked to hold formal inquiry into the attack on main opposition MPs
High-powered Pakistan defense delegation to visit Sri Lanka
Sri Lanka seeks assistance from diplomatic community to nab overseas LTTE leaders
No room for any injustice to any community in Sri Lanka, President assures
Presidential Commission probing disappearances in Sri Lanka receives complaints on ruling party Tamil politicians
Sri Lankan government considers a limit on duration of visa for foreign journalists

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.