Amãna Bank holds 13th AGM

Friday, 1 April 2022 00:00 - - {{hitsCtrl.values.hits}}

Amãna Bank Chairman Asgi Akbarally presiding the AGM along with the presence of Directors and Management Committee members

Amãna Bank successfully held its 13th Annual General Meeting (AGM) on a virtual platform, following the success of its previous virtual AGM’s held in 2020 and 2021 owing to the pandemic situation.

The AGM which was held on 25 March with the full quorum being present was broadcasted live from the bank’s Corporate Office Board Room via a virtual application. The AGM was held under the patronage of the bank’s Chairman Asgi Akbarally while Senior Director Rajiv Nandlal Dvivedi and Directors representing the IsDB Group, the principal shareholders of the bank Mohammed Ataur Rahman Chowdury and Syed Muhammed Asim Raza flew from overseas to be physically present at the meeting.

The meeting also had the physical presence of Director Aaron Russel-Davison, Director Mohamed Adamaly, Chief Executive Officer Mohamed Azmeer and members of the bank’s Management Committee while the bank’s Directors Dilshan Hettiaratchi, Khairul Muzamel Perera, Paul Mercer, Omar Kassim and Tishan Subasinghe 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 proceedings, Chairman Asgi Akbarally said: “With virtual meetings being part of the new normal, we are pleased to have once again successfully hosted our AGM leveraging on virtual technology. I would like to thank the shareholders who connected with us for their active participation to ensure a successful meeting.”

Amana Bank PLC is a standalone 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 a ‘AAA’ rated multilateral development financial institution with a membership of 57 countries. In September 2021 Fitch Ratings Sri Lanka affirmed the National Long Term Rating of Amãna Bank to BB+(lka) with a Stable Outlook. Amãna Bank does not have any subsidiaries, associates, or affiliated institutions.