ECONOMYNEXT – One of the bidders that has expressed interest in buying state-run SriLankan Airlines is backed by Supreme Global Holdings, a private investment arm of Qatari Sheikh and an Indian firm, a statement said.
Supreme Global Holdings is a firm connected to businessman R M Manivannan.
Supreme Global said it has formed a consortium including MBS Investments, the investment arm of Sheikh Nayef Bin Eid Al Thani of Qatar, and Sherisha Technologies Private Limited, formerly known as SunEdison Energy India Private Limited.
Supreme Global Holdings has provided 1.5 billion US dollars in credit to Sri Lanka during an economic crisis and accepted payments for oil in rupees, the statement said.
The involvement of a Qatar fund would support better financial stability, the statement said. (Colombo/May02/2024)