IFC invests $175m in Sri Lanka's John Keells Holding's retail, tourism businesses

Photo: Ishan @seefromthesky/Unsplash

The International Finance Corporation (IFC), a member of the World Bank Group, is making a $175 million investment in John Keells Holding (JKH) to finance the expansion of its supermarket chain in Sri Lanka and refurbishment of hotel properties in Sri Lanka and the Maldives, according to an announcement.

IFC said that the $175 million long term investment is its largest in Sri Lanka in 50 years of work in the country and will be the first supporting investments in the Maldives in a decade.

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