27 September 2024 12:25 am Views - 62
CSE CEO Rajeewa Bandaranaike, Sampath Bank Managing Director Ayodhya Iddawela Perera along with CSE and Sampath Bank staff
By Nuzla Rizkiya
The Central Depository Systems (Pvt) Limited (CDS) has signed a Memorandum of Understanding (MoU) with Sampath Bank to improve dividend disbursement services for companies listed on the Colombo Stock
Exchange (CSE).
The CSE said the collaboration will significantly enhance the dividend distribution process by improving the transfer of dividends to shareholders.
Further details regarding the implementation of the new system have not yet been disclosed.
The Central Depository Systems (Pvt) Limited is a fully owned subsidiary of the Colombo Stock Exchange (CSE) in Sri Lanka. It acts as the central securities depository, responsible for handling the electronic storage, transfer and settlement of securities such as shares, bonds, and other financial instruments traded on the CSE.
The CDS also facilitates the efficient distribution of dividends and other corporate actions to shareholders.