Amana Takaful announced the successful completion of its recent rights issue, having had full subscription to the issue.
The issue raised a capital of LKR 750,000,000-, thereby increasing the total capital of Amana Takaful to LKR 1.25 bn. The additional capital will be directed to facilitating its expansion strategy in spearheading Takaful in Sri Lanka, as well as consolidating its position to meet changes in regulation pertaining to Risk Based capital and splitting of Life and General business……………………………………….Full Article: Source