Amana Bank acquires ownership of Corporate Office premises from Lee Hedges for Rs. 2.7 b

Tuesday, 30 June 2026 04:37 - - {{hitsCtrl.values.hits}}

Amana Bank PLC Chairman Asgi Akbarally (left) receiving the property deed from Lee Hedghes PLC Managing Director M.H. Jamaldeen, while Amana Bank and Lee Hedges Board of Directors look on

Amana Bank PLC has acquired ownership of its Corporate Office premises located at 353 Galle Road, Colombo 3 from Lee Hedges PLC in a deal worth Rs. 2.7 billion.

The property transfer took place recently in the presence of Amana Bank’s Chairman Asgi Akbarally, members of the Board of Directors and the Management Committee, as well as the Directors of Lee Hedges PLC.

Spanning 95 perches, the property features a modern five-storey office complex with an approximate built-up area of 50,000 square feet, complemented with basement and outdoor parking facilities. Having operated from the premises under a lease arrangement since October 2025, Amana Bank has now secured full ownership, marking another significant milestone in its growth journey.

Amana Bank Chairman Asgi Akbarally said: “The acquisition of this property marks a defining milestone in Amana Bank’s journey, as we proudly establish a permanent home for our Corporate Office. More than the acquisition of an iconic building, this symbolises the remarkable progress the Bank has made. This achievement has been made possible through the resilient performance of our development focused people friendly banking model, the confidence placed in us by our customers and shareholders, and the unwavering dedication and commitment of our employees. As we look ahead, this new home will serve as a lasting symbol of our strength, stability, and continued commitment towards enabling growth and enriching lives.”

Amãna Bank PLC is a stand-alone institution licensed by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange, with Jeddah-based IsDB Group being the principal shareholder of the Bank. The IsDB Group is a ‘AAA’ rated multilateral development financial institution with a membership of 57 countries. Testifying its position as a leading practitioner of the non-interest based banking model, Amãna Banks continued to be recognised amongst the Top 50 Strongest Islamic Bank’s in the World by The Asian Banker. Amãna Bank does not have any subsidiaries, associates, or affiliated institutions apart from its engagement with OrphanCare as its Founding Sponsor.

Amana Bank Corporate Office premises