Almas Holdings pledges Rs. 225 mn for flood relief and rebuilding
Almas Holdings (Pvt) Ltd, a long-term investment holding company with interests in the capital market and real estate sectors, has pledged Rs. 225 million to support flood relief and post-disaster rebuilding efforts, underscoring growing private sector participation in national recovery initiatives.
The commitment is being made through its subsidiary, Almas Equities (Pvt) Ltd, a Securities and Exchange Commission-regulated and Colombo Stock Exchange-licensed stockbroking firm. As part of the pledge, Almas Holdings Chairman Imtiaz Buhardeen yesterday handed over a cheque for Rs. 100 million to the President’s Secretary for the ‘Rebuilding Sri Lanka’ President’s Fund.The group has also earmarked a further Rs. 125 million specifically for flood relief and reconstruction activities in the Kandy District, one of the areas severely affected by recent flooding.
The company said the funding is intended to support immediate relief as well as longer-term rebuilding efforts, in coordination with national authorities.