Almas Equities celebrates one year since rebranding

Thursday, 1 June 2023 02:14 - - {{hitsCtrl.values.hits}}

After 30 years of serving investors, the long-established stock broking firm was acquired by the Almas Group and rebranded as Almas Equities Ltd.

Despite the turmoil the country went through, Almas Equities in a statement said it has made significant progress in reaching out to clients both overseas and locally while creating awareness about prospects offered by the Colombo Stock Exchange. The company has served over 25,000 clients over the years and the number is continuing to grow.

The reactivated stock broking arm of the Almas Group has attracted talent from across the industry. Almas Equities has a diverse pool of experienced team members to meet and advise clients with different investment needs. The friendly atmosphere with uplifting culture within the firm has built a team spirit to provide prompt and professional services to investors.

Being regulated and licensed by the Securities and Exchange Commission of Sri Lanka, Almas Equities provides services on par with all the applicable compliance requirements while meeting the stringent rules of the Colombo Stock Exchange. The competent and timely services by Almas Equities provides peace of mind to investors who seek insights and expertise when investing via the Colombo Stock Exchange.

As the country is recovering at a faster phase than anticipated including significant improvements such as reduction of inflation, reduction of interest rates, improved availability of fuel, gas, and medicine etc., an increase of arrival of tourists numbers, IMF approval for the funding facility, improvement of Government revenue, positive changes in exchange rate related regulation are few to name. Given the phase of recovery in the country, Almas Equities is very optimistic about the future outlook.

Since the reactivation of the firm, Almas Equities has initiated many new activities including the first in the country to launch a White list index for clients to consider investments based on Whitelist principles. Further, it has established the first-ever comprehensive panel of experts to ensure governance to publicise a live “White List” index on a near real-time basis. When listed companies release quarterly financials Almas Equities website is updated with the details and the basis of categorisation in a transparent manner which allows all users to access the full details and the history during the last few quarters. This has increased the efficiency of decision-making due to the prompt availability of information relating to listed companies.

“Given the positive developments in the macroeconomy and stability created by the implementation of the IMF program, Sri Lanka can look forward to a brighter future by following the remaining measures of the multi-stakeholder consulted approach,” Almas said.

“Almas Group is also having plans to progress with major activities to create a sustainable and rewarding future and wishes to invite all to join the rewarding journey,” the statement added.