Top shareholder Prabhash appointed to Sampath Bank Board

Saturday, 2 December 2023 01:17 - - {{hitsCtrl.values.hits}}

Sampath Bank yesterday announced that Prabhash Subasinghe, one of the top shareholders, has been appointed to the Board as Non-Executive, Non-Independent Director following the approval of the Central Bank.

As on 30 September Prabhash’s Ayenka Holdings held a 9.97% stake in Sampath Bank. The top 2 shareholders are Vallibel One (15%) and Rayynor Silva’s Phantom Investments (10%).

Prabhash is a renowned entrepreneur in Sri Lanka. He is best known for his rapid success in starting companies that have built a global presence. He is driven by his vision to build multinational companies out of Sri Lanka.

Prabhash studied Applied Economics and Business at the prestigious Ivy League Cornell University and is also an alumni of the Harvard Business School. He has diverse business interests in specialty tires, seafood, insurance, banking, luxury real estate and has become a true Asian success story.

Prabhash is a proven leader with a steadfast passion to build great companies. He is the founder of GRI (Global Rubber Industries Ltd.) a manufacturer of high-performance specialty tires, which sells its products across the world, and of GSF (Global Sea Foods Ltd) a processor and supplier of high-quality seafood to Europe, US and Japan specialising in fresh, frozen, and raw seafood. GRI operates as one of the largest and most advanced specialty tire production plants in Sri Lanka while GSF pioneered the processing of wakame, and sushi topping for the Japanese market and owns the largest industrial long-line fishing fleet in South Asia.

Prabhash founded Ayenka Holdings, an investment company that has a large and diverse portfolio of investments in the Colombo Stock Exchange and a luxury real estate project in the Maldives. Prabhash is the principal shareholder of Ceylinco Insurance PLC, the largest listed insurer in Sri Lanka. He has investments in Sanasa Development Bank (SOB) and a Non-Executive director at Hemas Holdings PLC. Prabhash was a past Chairman of the Sri Lanka Export Development Board (EDB).

The Global Group of companies that Prabhash leads has ten offices around the world and has 1200 employees covering sixteen nationalities.

Prabhash is passionate about building a truly Sri Lankan, diversified business group and taking Sri Lanka to the world. He envisions being a catalyst for the next generation of corporate growth in Sri Lanka.