LOLC Holdings joins FTSE Frontier 50 Index

Wednesday, 12 March 2025 06:10 - - {{hitsCtrl.values.hits}}

Sri Lanka’s leading diversified conglomerate, LOLC Holdings PLC said yesterday it has achieved a remarkable milestone by securing a place in the FTSE Frontier 50 Index, effective from 24 March.

It said this prestigious inclusion follows the latest semi-annual review by FTSE Russell, underscoring LOLC’s growing prominence in global financial markets.

The FTSE Frontier 50 Index comprises the largest and most liquid companies from frontier markets, serving as a key benchmark for global investors seeking exposure to high-growth economies. LOLC’s inclusion is a testament to its strong financial performance, consistent market liquidity, and increasing investor confidence. It further solidifies the company’s reputation as a dominant force in frontier and emerging markets, attracting the attention of international institutional investors.

As one of Sri Lanka’s most influential multinational corporations, LOLC boasts a diverse business portfolio spanning financial services, leisure, agriculture, and manufacturing. With operations extending across 26 countries in South and Southeast Asia, Central Asia, and Africa, the group has successfully positioned itself as a global leader in financial innovation and economic development. Its disciplined financial management, robust risk framework, and forward-thinking growth strategies have played a pivotal role in securing a place among the most investable companies in frontier markets.

LOLC’s commitment to strong corporate governance, ethical business practices, and ESG principles has been instrumental in building stakeholder trust and ensuring long-term sustainability. The company’s expansive business model is underpinned by rigorous governance structures, transparent reporting mechanisms, and responsible investment strategies that align with global best practices. By integrating ESG considerations into its business model, LOLC continues to create meaningful economic and social impact while driving sustainable growth across its global operations.

This milestone is expected to significantly enhance LOLC’s visibility on the global stage, improving its access to foreign institutional investments and strengthening market liquidity. The recognition also aligns with the company’s broader strategic vision of expanding its global footprint while driving sustainable growth and economic transformation in the markets it serves.

LOLC said as it continues to push boundaries in financial services and sectoral diversification, this recognition marks yet another significant step toward solidifying its position as a pioneering frontier market multinational. With a steadfast commitment to innovation, sustainability, and global expansion, LOLC remains well-poised to capitalise on emerging opportunities and drive continued success on the international stage, the Company added.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.