Heraymila enters capital market
Confident of Lanka’s potential:
Sanjeevi JAYASURIYA
Heraymila Securities, a unit of Dubai based Heraymila Investments was
launched in Colombo yesterday.
Heraymila is investing in Sri Lanka because they are confident of the
Sri Lanka’s potential and long term opportunities it offers to
investors. This is an irrevocable vote of confidence passed on our
country and on our people, Heraymila Securities Limited Chief Executive
Officer Ravi Abeysuriya said.
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Heraymila Securities Director Mohammed Riyas, Heraymila Securities
Consultant Economist Shamubeel Eaqub, Heraymila Investments
and Heraymila Securities Managing Director Vinod Krishnan,
Heraymila Securities Chief Executive Officer Ravi Abeysuriya
and Heraymila Securities Director Dr W A Wijewardena at the
launch of Heraymila Securities. |
Sri Lanka’s post-war economy is poised to sustain double-digit growth
from 2011 onwards, as the country rebuilds its conflict- hit areas and
adds new infrastructure to the rest of the country, Heraymila Securities
Limited said. Heraymila has assets over Rs 3 billion in Sri Lanka and
commenced investing in 2005. Heraymila hopes to make a transformational
change to the capital market in Sri Lanka by introducing an array of
innovative wealth management, investment banking and capital market
products similar to developed markets and be the ‘wealth catalysts’ to
the nation. “Dependable customer service through a handpicked team of
qualified investment advisors and strong ethics will be the cornerstone
of our business practice,” he said.
It is encouraging to note that Sri Lanka now has a more conducive
environment for capital markets. Heraymila hope to become the catalyst
of change in the financial landscape here.
It is certainly not just another stock brokering company setting up
its shop in Sri Lanka”, Abeysuriya said. The company has come up with a
model for post-war economies, suggests an average yearly-growth of six
percent that could go up to 12 percent.
“Our bottom-up analysis of the war-affected regions suggests the
economy may be 13 percent larger without accounting for additional
multiplier benefits.
Post-war recoveries of countries that had protracted wars are usually
impressive and Sri Lanka is easily poised to sustain double digit growth
from 2011 onwards, Heraymila Securities Consultant Economist, Shamubeel
Eaqub said.Heraymila Securities Ltd is a subsidiary of Heraymila
Investments Ltd.
The parent company is registered in the Dubai International Finance
Centre and is one of the many investment vehicles of the Abdulaziz Al
Mashal family in Saudi Arabia. |
