Alpha Fire Services debuts trading on CSE
The shares of Alpha Fire Services Limited (CODE: AFS-N-0000) were listed on the Colombo Stock Exchange (CSE) yesterday. The shares have been listed on the Empower Board of the CSE under the “2010 – Capital Goods” sector. The occasion was marked with a special Bell Ringing Ceremony.
CEO of the CSE, Rajeeva Bandaranaike said: “CSE established a dedicated board for SME companies with the view of providing an opportunity on one hand for SME companies to reach out for market-based funding and also to broaden the scope of companies that are listed on the exchange.”
“We at CSE are indeed happy that companies are now beginning to make use of the Empower Board. Alpha Fire Services Limited is the first equity listing through an introduction for the year 2022. The company is a leading fire protection and detection service in Sri Lanka with over 30 years of experience, providing services to both the private and public sector.”
“The CSE is extremely pleased to have a diverse group of companies representing different industries, poarticularly those companies that are established with a strong track record and a commitment to excellence in a listed portfolio.”
“As a result, investors have the option of investing in a diversified portfolio. So, we encourage corporates of all scales, and also from different sectors and different industries, to make use of the capital market for their funding requirements.”
“Over the years, CSE has taken many initiatives to make the entire process of listing easier and more convenient, and today we are witnessing the results of those initiatives as we see an increase in listings on the Stock Exchange.”
Executive Non-Independent Director of Alpha Fire Services Limited, Samud Gunasekera, commented, “The company commenced the business on a small scale back in 1989, and now the company is the leader in the Sri Lankan fire industry. Alpha Fire Services Limited has a qualified and trained team of engineers and technical staff with many years of experience in the industry.”