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Amana Takaful Insurance records ‘accelerating growth’

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‘For the 7th consecutive quarter, since 2021, Amana Takaful Insurance PLC has managed to retain its status and position as Sri Lanka’s fastest-growing insurance company. This was revealed as the Company released its 2022 Q3 financials to the public recently. Amana Takaful Insurance PLC witnessed a revenue growth of 46% as of Q3 of 2022, compared to the same period in the year prior, with revenues rising to LKR 2.547 billion during the period. Growth in revenue, together with growth in both the Non-Motor and Motor insurance segments, were also significantly above industry averages, an Amana Takaful Insurance press release said.

‘Analysing and comparing growth achieved in recent years for Q3 demonstrates Amana Takaful Insurance PLC’s accelerating speed of growth, with growth in Q3 of 2021 over 2020 posted at 26%, while Q3 of 2022 over 2021 has increased to 46%. This then demonstrates that the Company has been able to achieve cumulative growth of 72% within just two years, which is phenomenal, the release explained.

The release adds: ‘Commenting on the Company’s financial performance, CEO, Shehan Faisal said, “We set out to provide exceptional value to all our stakeholders; shareholders, customers and employees alike, and we have continued to keep up to this promise. We have combined our service delivery and business processes with effective strategic planning to position ourselves among the top choices for insurance in Sri Lanka. The effectiveness of our approach as well as our unique and people-friendly business model is demonstrated by the exceptional rates of growth we have achieved in the past couple of years. Amana Takaful Insurance is for all Sri Lankans, and customers have reacted positively to this.”

‘Head of Corporate Strategy at Amana Takaful Insurance PLC, Rajitha Obeysekara also added, “Our winning strategy is delivering phenomenal growth momentum, which has continued to be sustainable over the near to medium term. For 2023 as well, we have concrete and well-planned initiatives to further expand our reach and support this growth momentum. Our open philosophy, and consistency of delivering on our promises, such as on-time claims pay-outs and fair and transparent policies, which mutually benefit customers and our business, have delivered. We take this opportunity to thank customers for placing their trust in us, and invite all Sri Lankans to join with the people-friendly business model of Amana Takaful Insurance.”



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HNB Assurance recognized with Merit Award at the Great HR Awards 2025

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Team HNBA at the Great HR Awards.

HNB Assurance PLC was recognized at the Great HR Awards 2025, receiving the Merit Award in the Finance, Insurance, Real Estate, and Investment sector. This recognition reflects the company’s continued commitment to strengthening its people strategy, nurturing a progressive culture, leveraging technology and maintaining strong industrial relations.

Sharing his thoughts on this accomplishment, Lasitha Wimalarathne, Executive Director / Chief Executive Officer of HNB Assurance PLC, stated, “This recognition reiterates our belief that people are the true drivers of our success. Over the years, we have invested significantly in building an environment where our teams feel inspired and supported to deliver their best. As we continue to grow as one of Sri Lanka’s best insurance companies, this award reflects our ongoing efforts to build a workplace where both our people and our business can thrive. My sincere thanks go out to our HR team for continuously driving these initiatives.”

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Seylan Bank ATMs deliver customer ease with option to withdraw cash in preferred currency mixes

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Seylan Bank continues to offer customers control and ease in their daily banking through its wide network of Automated Teller Machines (ATMs), Cash Deposit Machines (CDMs), and Cheque Deposit Kiosks (CDKs). Among the services offered to customers is the ability to select their preferred cash note denominations.

Introduced in 2023, Seylan Bank stands as one of only two banks in Sri Lanka with an improved network of ATMs allowing customers to receive currency in bill mixes of 5000, 1000, 500, and 100. Recognizing the immediate needs of customers when withdrawing the cash mix of their choice, the Bank with a Heart introduced the ability for customers to choose their preferred cash denominations directly from ATMs.

As a customer centric banking solution, the feature eliminates the hassle of inflexible ATM withdrawals. It aims to empower all users with flexibility over their choice of withdrawals and remove the reliance on bank counters and spending time breaking down larger notes. Offering real-time value to clients, the feature reaffirms Seylan Bank’s commitment to leveraging innovation towards providing the best possible customer experiences.

By offering this choice directly through ATMs, Seylan Bank effectively resolves time delays and erases numerous inconveniences. From retailers to taxis and more, Seylan Bank’s varied offering of bill mixes ensures efficacy for customers in satisfying their diverse personal and business needs. The service also adds an extra layer of security and trust to every transaction. As the Bank with a Heart, Seylan Bank’s latest addition to its services continues to provide practical, reliable solutions that blend convenience with customer protection.

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Aberdeen Holdings’ Group Companies honored at Presidential Environment Awards 2025

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Left: Fazleen Majeed, Chief Executive Officer of Neptune Papers. Top Right: Mohamed Rizwan, General Manager of Ruhunu Farms. Bottom Right:  Azhar Sheriff, Head of Compliance & Sustainability, Ex-Pack Corrugated Cartons PLC.

Aberdeen Holdings, a diversified conglomerate operating across seven industries in Sri Lanka, continues to demonstrate its commitment to sustainability and responsible business practices across all its subsidiaries. This dedication was recognized at the 11th Annual Presidential Environment Awards 2025, held on 23rd October 2025 at BMICH under the patronage of Anura Kumara Dissanayake, President of the Democratic Socialist Republic of Sri Lanka. Three of the Group’s companies – Neptune Papers (Pvt) Ltd, Ex-Pack Corrugated Cartons PLC, and Ruhunu Farms (Pvt) Ltd were honored among the nation’s leading contributors to environmental excellence.

Neptune Papers (Pvt) Ltd received the Silver Award for its leadership in recycling and advancing Sri Lanka’s circular economy. A long-standing pioneer in large-scale waste recovery segment, Neptune continues to transform waste into economic opportunity while promoting employment generation, reducing landfill dependency, and driving circular economy. The award was accepted by Fazleen Majeed, Chief Executive Officer of Neptune Papers, in recognition of the company’s continued contribution to building a cleaner and more resource-efficient Sri Lanka.

 Ex-Pack Corrugated Cartons PLC received a Merit Award for its consistent commitment to sustainability and responsible manufacturing. As a Carbon Neutral and WRAP-certified company, Ex-Pack has embedded ESG principles into its operations, setting a benchmark for environmentally conscious manufacturing in Sri Lanka’s packaging sector. The award was accepted by Azhar Sheriff, Head of Compliance and Sustainability of Ex-Pack Corrugated Cartons, marking another milestone in the company’s journey toward a more sustainable future.

 Ruhunu Farms (Pvt) Ltd, a prominent name in Sri Lanka’s egg production industry, was also presented with a Merit Award for its sustainable and energy-efficient farming operations. Its modern facilities in Hambantota have expanded production capacity while maintaining high standards of animal welfare, biosecurity, and resource management. The award was received by Mohamed Rizwan, General Manager of Ruhunu Farms, in recognition of the company’s commitment to responsible growth and sustainable agriculture.

 Together, these honours reflect the values that define Aberdeen Holdings, where sustainability, innovation, and ethical leadership form the foundation of every business within its diversified portfolio. The recognition of Neptune Papers, Ex-Pack Corrugated Cartons, and Ruhunu Farms is not only a celebration of corporate excellence but also a reaffirmation of Aberdeen’s commitment to driving purposeful growth strengthening Sri Lanka’s journey toward a cleaner, greener, and more sustainable future.

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