UAE to invest in Sri Lanka’s capital market with CSE
The Colombo Stock Exchange (CSE), in association with Bloomberg Data Services, held their Investor Forum ‘Invest Sri Lanka’ on June 3, at the Ritz Carlton, Dubai International Financial Centre. The forum attracted over a hundred institutional, high networth investors and fund managers to be introduced to the value proposition for investing in Sri Lanka’s capital market.
The listed companies that participated in the Investor Forum were John Keells Holdings PLC, Commercial Bank of Ceylon PLC, Carson Cumberbatch PLC, Sampath Bank PLC, National Development Bank PLC, Hayleys PLC, Access Engineering PLC and People’s Leasing and Finance PLC.
Senior Minister for International Monetary Co-operation and Deputy Minister of Finance and Planning in Sri Lanka Dr. Sarath Amunugama delivered the keynote address at the forum followed by presentations by Securities and Exchange Commission of Sri Lanka (SEC) Chairman Dr. Nalaka Godahewa and Colombo Stock Exchange (CSE) Chairman Krishan Balendra. Presentations covered the investment opportunities in Sri Lanka, noting the diversification opportunities and the country’s emergence as one of the fastest growing economies in South Asia.
The CSE, in collaboration with the SEC, has planned four Investor Forums in key international financial hubs this year. The first Investor Forum was held in Mumbai in February and will be followed by two more forums in Hong Kong and Singapore.
With Dubai’s emergence as a financial hub, the forum was strategically held there with the objective of giving UAE-based investors the opportunity to capitalize on Sri Lanka’s positive economic growth trajectory.
The SEC and the CSE, in association with the Sri Lankan Consulate General in Dubai also held a successful event for the Sri Lankan diaspora on June 1 at the Le Meridian Hotel, showcasing the investment opportunities for the Sri Lankan diaspora.