Capital Raising

Dec 24, 2013 (LBO) – Sri Lanka’s Amana Bank has received 1.5 billion rupees of subscription for its initial public offer and would close on December 24, registrars to the issue said. The bank offered 214.3 million shares at 7.0 rupees and a further 71.5 million shares if the first tranche was fully taken up.

The first tranche had been fully subscribed and the offer would be kept open till 4.30 pm today for any orders to the second tranche.

Amana offers Islamic banking services.