Monday Feb 24, 2025
Monday Feb 24, 2025
Friday, 2 February 2024 00:24 - - {{hitsCtrl.values.hits}}
Galadari Hotels (Lanka) PLC yesterday announced plans to raise funds for the refurbishment of the property.
In a filing to the Colombo Stock Exchange, the Company said it intends to enter into a series of agreements with Mashreq Bank PSC, United Arab Emirates and the holding Company; Galadari Brothers Co. LLC, to finance the proposed refurbishment of the Hotel.
This move is subject to the passing of a Special Resolution by the Shareholders of the Company and
obtaining other necessary regulatory approvals.
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