Amana Bank announces highest-ever dividend with 8th consecutive declaration

Tuesday, 23 September 2025 00:49 - - {{hitsCtrl.values.hits}}

Amana Bank PLC has announced the declaration of its 8th consecutive annual dividend, reaffirming its commitment to rewarding shareholders.

The Bank declared an interim cash dividend of Rs. 1.30 per share, marking its highest-ever dividend pay-out amounting to Rs. 716.5 million. Since commencing annual dividends in 2018, Amana Bank’s cumulative dividend declarations will have exceeded Rs. 2.8 billion, underscoring its track record of sustained shareholder value creation. This year’s declaration reflects a dividend yield of 5%.

Amana Bank Chairman Asgi Akbarally said, “We are pleased to announce our 8th consecutive annual dividend, underscoring our sustained performance and commitment to delivering shareholder value. Following record profits in 2024 and a strong first half in 2025, we remain focused on enhancing returns while driving continued growth.”

Amana Bank Managing Director/CEO Mohamed Azmeer said, “We are delighted to announce our highest-ever interim cash dividend, made possible by the Bank’s sustained profitability and resilient financial performance. This dividend is also a reflection of the confidence and trust placed in us by our valued shareholders, to whom we remain deeply committed to reward. As we continue, we aim to further strengthen shareholder value while advancing our mission of enabling growth and enriching lives through our people-friendly and development focussed approach to banking.”

During the first half of 2025, Amana Bank recorded a Profit After Tax (PAT) Rs. 901.3 million reflecting a 18% year-on-year growth, while in the second quarter alone PAT grew by an impressive 37% to Rs. 467.2 million.

Adding to these achievements, the Bank was recently recognised as the Best Bank in Sri Lanka and the Best Performance on Asset Quality at the keenly contested Emerging Asia Banking Awards held in New Delhi, India, organised by the Indian Chamber of Commerce and adjudicated by PwC, reflecting the Bank’s consistent performance and sustained growth over the past three years.

As communicated to the Colombo Stock Exchange on the dividend declaration, the XD date has been set for 30 September, while the record date will be 1 October.