Cinnamon Life, the latest lifestyle venture by John Keells, officially opened in Colombo yesterday, marking a significant moment for the city. Designed by world-renowned Sri Lankan-born architect Cecil Balmond, the $1.2 billion integrated resort is set to position Colombo as a major global hub for business, leisure, and entertainment. The sprawling five million square foot
In a monumental move for Sri Lanka’s tourism sector, John Keells Group has officially launched Cinnamon Life at City of Dreams Sri Lanka, a $1.2 billion mega-development in Colombo. Touted as the largest private investment in Sri Lankan history, the project is set to redefine the country’s tourism landscape by creating one of South Asia’s
John Keells Holdings PLC (JKH), Sri Lanka’s top blue chip company, has successfully raised Rs. 24 billion through its recent Rights Issue, which drew an oversubscription of Rs. 27.4 billion. The 1 for 10 Rights Issue offered 150.26 million shares at Rs. 160 each, with a total value of Rs. 24.04 billion. JKH also announced
Top blue-chip company John Keells Holdings Plc (JKH) reported an EBITDA of Rs. 7.7 billion for the first quarter of FY25, marking a 13% decrease from the previous year. The bottom line, however, showed a net loss of Rs. 868 million. The Group’s EBITDA included significant pre-opening costs related to the ramp-up for the opening