## Amana Takaful to Raise Rs. 1 Bn via Rights Issue 📈

Amana Takaful PLC (ATL) has announced a Rights Issue to raise Rs. 1.004 Bn, aimed at strengthening its equity base and meeting the Capital Adequacy Ratio (CAR) requirements set by the Insurance Regulatory Commission of Sri Lanka (IRCSL). • Issue Details: • Shareholders are offered 3 new shares for every 14 existing shares held. • Issue Price: Rs. 19.00 per share (a discount to the recent market price of Rs. 25.30). • Total Shares to be Issued: Over 52.8 million ordinary voting shares. • Financial Impact & Rationale: • The move aligns with the Risk-Based Capital (RBC) framework to ensure long-term solvency. • The company's current stated capital is Rs. 2.16 Bn. • As of end-September 2025, ATL reported Net Assets of Rs. 23.45 per share. • Shareholding Structure: • Senthilverl Holdings remains the largest shareholder with 27.11%. • Other major stakes are held by Osman Kassim (21.85%) and Amana Bank PLC (13.26%). • Public shareholding stands high at 75.61%. _The proposal, approved by the Board on 5 February 2026, awaits final approval from the Colombo Stock Exchange (CSE) and shareholders at an upcoming General Meeting._