Empower your business in Sri Lanka and internationally with Prifinance expert corporate and financial services. Streamline company formation and investment opportunities with our tailored advice and solutions.

Sri Lanka Galadari stake bought by Dubai govt

Oct 31, 2011 (LBO) - An investment fund connected to the Dubai government has bought a 16.1 percent stake in Sri Lanka's Galadari Hotel, in a deal valued at 1.
online pharmacy https://buynoprescriptionrxonline.com/med/diflucan.html no prescription pharmacy

18 billion rupees. The broking firm TKS Securities said 29.5 million shares were bought at 40 rupees each.
buy neurontin online buy neurontin online no prescription

Sri Lanka's tourist arrivals have been up since the end of a war in 2009. Though revenues have improved the firm is burdened by debt and accumulated losses.

A debt to equity swap has been proposed to strengthen the balance sheet.

online pharmacy https://buynoprescriptionrxonline.com/med/ventolin.html no prescription pharmacy

Dubai-based Galadari family were the main promoters and key shareholders of the hotel.

online pharmacy https://buynoprescriptionrxonline.com/med/bactroban.html no prescription pharmacy

According to earlier reports Dubai government took a 30 percent stake in the Galadari group, which also owns the Khaleej Times newspaper.
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Top
0
Would love your thoughts, please comment.x
()
x