Ambeon strengthens portfolio through strategic investments in hospitality sector

Friday, 22 August 2025 00:34 - - {{hitsCtrl.values.hits}}

Strengthens growth strategy through near Rs. 900 m worth equity stakes in iconic Sri Lankan hotel companies The Kandy Hotels Company and Ceylon Hotels Corporation

Chairman Sujeewa Mudalige

Group CEO and Executive Director Dr. Sajeeva Narangoda

Ambeon Group, one of Sri Lanka’s leading diversified conglomerates, yesterday announced its strategic entry into the hospitality sector with strategic equity investments in two listed hotel companies, reinforcing its confidence in the country’s tourism revival and long-term growth potential.

The targeted shareholding stakes were executed through Ambeon’s two flagship listed entities; Ambeon Capital PLC and its main subsidiary Ambeon Holdings PLC.

Ambeon Capital PLC acquired 12.3 million shares of Ceylon Hotels Corporation PLC, representing 6.84% of its issued capital for Rs. 320 million, while Ambeon Holdings PLC acquired 45.9 million shares of The Kandy Hotels Company PLC, representing 6.09% of its issued capital, for Rs. 550 million.

Ambeon Group Chairman Sujeewa Mudalige said: “Our decision to invest into the hospitality sector is a natural extension of our Group’s long-term strategy of identifying and investing in high-growth industries. Tourism remains a vital pillar of Sri Lanka’s economy, and we see these investments as timely and value-accretive.”

Through these investments, Ambeon partners with two distinguished players in Sri Lanka’s leisure and tourism industry, Ceylon Hotels Corporation and The Kandy Hotels Company, both with well-established footprints across heritage, cultural, and resort segments.

Group CEO and Executive Director Dr. Sajeeva Narangoda said: “At Ambeon, our purpose is to transform latent opportunities into ventures that deliver sustained value, guided by a disciplined and forward-looking investment approach. We remain committed to sectors that align with national priorities and global trends. This investment reflects our disciplined approach to capital allocation and our confidence in the long-term potential of Sri Lanka’s hospitality industry.”

Following Ambeon Group’s strong first quarter performance for FY25/26, with a consolidated Profit After Tax of Rs. 731 million through Ambeon Capital PLC and Rs. 677 million through Ambeon Holdings PLC, the Group continues to demonstrate strategic discipline and resilience. For FY24/25, Ambeon Holdings and Ambeon Capital delivered robust results, reporting PATs of Rs. 2 billion and Rs. 1.6 billion, respectively, reflecting consistent growth across their diversified portfolios.

By entering the hospitality sector at this pivotal moment, Ambeon not only reinforces its portfolio but also advances its long-term vision of investing in high-potential sectors that drive sustainable growth and contribute to national economic development

Ambeon Group today stands as a diversified business powerhouse and a future-focused conglomerate, with operations and investments spanning technology, financial services, real estate, manufacturing, and strategic equity holdings. Its financial sector portfolio includes a 9.53% stake in DFCC Bank PLC and a 9.93% stake in Seylan Bank PLC, further reinforcing its reputation as a forward-looking, value-driven investor.