A Sri Lankan delegation led by Deputy Minister of Industry and Entrepreneurship Development Chathuranga Abeyasinghe met with senior officials of Saudi Arabia’s Public Investment Fund (PIF) to discuss potential investment opportunities.
The meeting at the PIF headquarters in Riyadh included a presentation by Abeyasinghe outlining Sri Lanka’s competitive advantages and key sectors for investment. Officials from Sri Lanka’s capital market also highlighted regulatory reforms and policy updates aimed at improving investor confidence.
Securities and Exchange Commission of Sri Lanka Chairman Prof. D.B.P.H. Dissabandara and Colombo Stock Exchange CEO Rajeeva Bandaranaike briefed PIF officials on measures to support sustainable growth in the Sri Lankan market.
PIF Senior Director Mulham Albakree presented the fund’s 2026–2030 Strategic Plan and stressed the need for a Bilateral Investment Protection Agreement between the two countries.
Sri Lanka’s Ambassador to Saudi Arabia, Ameer Ajwad, provided updates on current bilateral agreements, including the Agreement on the Avoidance of Double Taxation.
Other members of the Sri Lankan delegation included M. Ray Abeywardena, director of the Colombo Stock Exchange; Tushara Jayaratne, deputy director general of the Securities and Exchange Commission; Niroshan Wijesundere, senior vice president of marketing at the Colombo Stock Exchange; and Tashma Vithanawasam, first secretary of the Sri Lankan Embassy in Riyadh.
The PIF is Saudi Arabia’s sovereign wealth fund and a central vehicle in the country’s Vision 2030 strategy. It manages a globally diversified portfolio across sectors such as energy, infrastructure, technology, healthcare, and financial services. (Newswire)