Amana Takaful converts Rs. 193.6 m debentures into equity

Monday, 29 December 2025 00:39 - - {{hitsCtrl.values.hits}}

Amana Takaful PLC has announced the conversion of 64.53% of its outstanding convertible debentures into ordinary voting shares, amounting to approximately Rs. 193.6 million.

The company said 43,025,354 unlisted, unrated, unsecured, redeemable and convertible debentures have been converted into an equal number of ordinary voting shares at a conversion price of Rs. 4.50 per share.

The conversion follows approval granted by the CSE under a letter dated 16 December 2020. The total number of debentures originally issued under the instrument was 66,666,667.

Amana Takaful ended up 70 cents to Rs. 23.60 on Friday. The company reported a net asset value per share of Rs. 23.45 as at end September 2025.