Amana Bank’s Board of Directors has been further strengthened with the inclusion of representation from Senthilverl Holdings (Pvt) Ltd, the Bank’s second-largest shareholder. Founded by renowned high-net-worth investor and medical professional Dr. T. Senthilverl, Senthilverl Holdings (Pvt) Ltd is an active investment firm on the Colombo Stock Exchange, with a diverse portfolio spanning energy, finance, food & beverage, real estate, consumer services, retail and plantations. Having commenced acquiring Amana Bank shares since 2021, Senthilverl Holdings has grown its shareholding of the Bank to 19.9%.
Representing Senthilverl Holdings (Pvt) Ltd on Amana Bank’s Board, Senthilverl Senthi Nandhanan joins as a Non-Executive Non-Independent Director. With over 20 years of distinguished experience in the corporate sector, Nandhanan also serves as an Executive Director of Senthilverl Holdings (Pvt) Ltd. His expertise spans multiple domains, including sales, marketing, procurement, logistics, and equity trading, further enhancing his leadership in diverse business operations. Nandhanan holds an MBA from the University of Southern Queensland, Australia, and is also a distinguished member of the Association of Business Executives.
Commenting on his appointment Amana Bank Chairman Asgi Akbarally stated “We are pleased to strengthen our Board with the representation of Senthilverl Holdings and deeply appreciate Dr. T. Senthilverl’s continued trust and confidence in our Bank. We warmly welcome Senthilverl Senthi Nandhanan and believe that his extensive experience, shaped under the guidance of Dr. T. Senthilverl, will add significant value to our strategic direction. As a key representative of one of our largest shareholders, we look forward to his insights and contributions in further strengthening the Bank’s growth and enhancing stakeholder value.
With this appointment Amãna Bank Board of Directors constitute as follows: Asgi Akbarally (Chairman), Mohamed Azmeer (Managing Director/CEO), Khairul Muzamel Perera bin Abdullah (Non-Executive Senior Independent Director), Dilshan Hettiaratchi (Non-Executive Non-Independent Director), Mohammed Ataur Rahman Chowdhury (Non-Executive Non-Independent Director), Syed Muhammed Asim Raza (Non-Executive Non-Independent Director), Tishan Subasinghe (Non-Executive Independent Director), Mohammad Hassan (Non-Executive Non-Independent Director), Mohamed Adamaly (Non-Executive Non-Independent Director), Delvin Pereira (Non-Executive Independent Director), Azreen Zaheer (Non-Executive Independent Director) and Senthilverl Senthi Nandhanan (Non-Executive Non-Independent Director)
Amãna Bank PLC is a stand-alone institution licensed by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange with Jeddah-based IsDB Group being the principal shareholder of the Bank. The IsDB Group is a ‘AAA’ rated multilateral development financial institution with a membership of 57 countries. Testifying its position as a leading practitioner of the non-interest based banking model, Amãna Banks was recognized amongst the Top 25 Strongest Islamic Bank’s in the World by The Asian Banker.
Amãna Bank does not have any subsidiaries, associates, or affiliated institutions apart from its engagement with OrphanCare as its Founding Sponsor.
