Amãna Bank holds first virtual AGM

Wednesday, 10 June 2020 01:00 - - {{hitsCtrl.values.hits}}

Amãna Bank PLC successfully held its 11th Annual General Meeting (AGM) for the very first time on a virtual platform in adherence to the Government regulations and health-care best practices in the backdrop of the COVID-19 pandemic.

The AGM, held on 4 June at 11 am with the full quorum being present, was broadcast live from the Bank’s Corporate Office Board Room via a virtual application with the presence of the Bank’s Chairman Osman Kassim, Directors Jazri Magdon Ismail, Dilshan Hettiaratchi, Aaron Russel-Davison, Chief Executive Officer Mohamed Azmeer and members of the Bank’s Management Committee. The Bank’s Deputy Chairman Tyeab Akbarally, overseas Directors Rajiv Nandlal Dvivedi, Mohamed Ataur Rahman Chowdury, Syed Muhammed Asim Raza and Khairul Muzamel Perera connected to the meeting remotely.

Shareholders who were connected through the virtual platform were encouraged to actively participate at the meeting. The meeting also witnessed the participation of other key stake holders such as the Bank’s External Auditors Ernst & Young (EY).

Commenting on the Bank’s Virtual AGM, Chairman Osman Kassim said, “I am pleased to express my contentment for being able to host and deliver a successful virtual AGM amidst these challenging times. I am foremost thankful to the regulators for facilitating with guidelines to carry out an AGM of such nature. I would also like to thank the shareholders who connected with us remotely and for their active participation despite not being physically present.”

Amãna Bank PLC is a stand-alone institution licensed by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange with Jeddah based IsDB Group being the principal shareholder having a 29.97% shareholding of the Bank. The IsDB Group is an ‘AAA’ rated multilateral development financial institution with a membership of 57 countries. In June 2019 Fitch ratings affirmed Amana Bank’s National long term Rating of BB (lka) with a positive outlook. Amãna Bank is a standalone entity which does not have any subsidiaries, associates or affiliated institutions, other than for the Bank’s flagship CSR activity, the ‘OrphanCare’ Trust.