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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Dialog Axiata PLC celebrates 10 years of share issue

Dialog Axiata PLC celebrates 10 years of share issue

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- Dialog Axiata PLC (DIAL) opened trading on the Colombo Stock Exchange (CSE) to celebrate 10 years of the opening of its share issue on the CSE. The Initial Public Offering (IPO) of Dialog Axiata was the largest on the CSE.

Chairman Datuk Azzat Kamaludin; Director/Group Chief Executive Dr Hans Wijayasuriya; Director Moksevi Prelis; Group Chief Operating Officer Azwan Khan; CSE Chairman Vajira Kulatilaka, CEO Rajeeva Bandaranaike and the senior management from Dialog and CSE, and CEO of NDB Investment Bank Darshana Perera took part in the market opening ceremony.

“Dialog was guided through the process of growing up as a public listed company due to the best practices espoused by the Colombo Stock Exchange. The listing rules of the CSE and its maturity in terms of governance for listed companies is, in my knowledge, second to none in the region - if not the world. In the operations of the company, the governance and the framework that the CSE sets, with great clarity, have helped us grow as a well-governed and well-managed company, said Dr Hans Wijayasuriya, Group Chief Executive of Dialog Axiata PLC.

“We place great value on being a listed company, because it provides us the framework within which we know how to act and interact with our investors and shareholders. From an operations perspective; our listing on the Exchange and the maturity of the governance structure of the Exchange is an ever present bell of consciousness when making financial decisions which will affect our shareholders,” he added.

“The Dialog share issue set a number of benchmarks for the companies to be listed on the CSE. Every element of the IPO was trendsetting; the prospectus was intended to give potential investors as much information as possible in addition to which they engaged with a number of their foreign and local investors and has continued to do so through roadshows. The Fund Managers that were attracted through these roadshows continue to trade in the Sri Lankan capital market,” Chairman of CSE Vajira Kulatilaka said.

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