🏢 Amana Bank Acquires Corporate Office Premises for Rs. 2.7 Bn
• Transaction Overview: Amãna Bank PLC has officially acquired full ownership of its Corporate Office premises located at 353 Galle Road, Colombo 3, from Lee Hedges PLC. The high-profile real estate transaction is valued at Rs. 2.7 billion. • Property Specifications: The asset spans a prime 95-perch land extent in Colombo 3. It features a modern 5-storey office complex encompassing approximately 50,000 square feet of built-up space, equipped with both basement and outdoor parking facilities. • Strategic Context: The banking & financial services firm had been operating from this location under a lease agreement since October 2025. Transitioning from a lease to absolute ownership marks a key milestone for the bank, reflecting its financial stability and asset growth within the local market. • Institutional Profile: Amãna Bank PLC is a standalone entity licensed by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange. Its principal shareholder is the Jeddah-based, 'AAA' rated IsDB Group. The bank operates via a non-interest-based model and is recognized among the Top 50 Strongest Islamic Banks in the world by The Asian Banker.