Amãna Bank announces ESOP following outstanding performance

Friday, 4 August 2023 00:34 - - {{hitsCtrl.values.hits}}

Managing Director/CEO Mohamed Azmeer

Amãna Bank has announced an Employee Share Option Plan (ESOP) following a streak of commendable performances in the last few years owing to the bank’s resilience and stability.

The ESOP will duly reward and recognise the bank’s committed and passionate employees, who have contributed to its success.

The financial year 2022, saw the bank record its best financial performance, with a Profit Before Tax (PBT) of Rs. 1.21 billion, an increase of 12% compared to the previous financial year. The Bank is committed to maintain its performance momentum and ensure the continued its growth trend.

The announcement of ESOP is followed by the approval of the bank’s shareholders at an Extraordinary General Meeting held recently and after due disclosures to the Colombo Stock Exchange. The ESOP will allow eligible employees to participate in the share ownership of the bank, facilitating them to benefit from the bank’s growth and success.

The ESOP, would result in the issue of up to 83,518,485 ordinary voting shares equivalent to 3% of the pre-ESOP issued number of shares.

Amãna Bank Managing Director/CEO Mohamed Azmeer said, “Amãna Bank has performed well consistently, especially during the last few years, earning the admiration of all stakeholders, despite having to navigate through the most challenging environments and situations, and we owe it to the committed performance of our people. The introduction of the Employee Share Option Plan allows us to share the bank’s success with our employees. The success of the bank is the result of the hard work, dedication, passion and expertise of our employees. This initiative will stand testament to the bank’s commitment towards fostering a culture of ownership and accountability.”