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Asgi Akbarally new Chairman of Amãna Bank 

19 Aug 2020

[caption id="attachment_95481" align="alignleft" width="300"] Amãna Bank Chairman Ali Asghar Akbarally[/caption] Ali Asghar (Asgi) Akbarally has been appointed as Chairman of the Board of Directors of Amãna Bank upon the retirement of the bank’s Founder Chairman Osman Kassim.  Leaving a strong legacy in the Islamic banking industry in Sri Lanka, Osman Kassim retired from Amãna Bank, having completed the maximum nine-year statutory period of holding a directorship in a licensed commercial bank as per Central Bank of Sri Lanka (CBSL) directions. Despite retiring from the bank, Osman Kassim continues to be one of the bank’s top 10 shareholders. Asgi Akbarally joined the Board of Amãna Bank in July 2020 as the nominee director from Akbar Brothers, taking over the position vacated by Tyeab Akbarally, who also retired upon completing the maximum nine years of directorship as per CBSL regulations. Asgi Akbarally is an Executive Director of Akbar Brothers (Pvt.) Ltd., one of Sri Lanka’s largest diversified corporates, globally renowned for its tea exports. Asgi Akbarally holds directorship in multiple subsidiaries and affiliates of the Akbar Group covering sectors such as manufacturing, property development, hotels and leisure, healthcare, power generation, packaging and printing, logistics, and environmental services. He is the Managing Director of Renewgen (Pvt.) Ltd. and Chairman of WindForce (Pvt.) Ltd., Hermitage Resorts (Pvt.) Ltd., Uthurumaafaru Holdings (Pvt.) Ltd. Maldives, Lhaviyani Holdings (Pvt.) Ltd., and Cocoon Investment (Pvt.) Ltd. Maldives. He is also a Director of Alumex PLC.

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