Vallibel Finance PLC is a non-banking financial company in Sri Lanka. Vallibel Finance was incorporated in 1974 as The Rupee Finance Company. Dhammika Perera acquired the company in 2005 and was renamed Vallibel Finance. After an initial public offering, the company was listed on the Colombo Stock Exchange in 2010. Vallibel Finance joined the LankaPay electronic fund transfer network in 2014. In 2020, the company signed an agreement with the Board of Investment of Sri Lanka to build a 16-storey office complex in Kollupitiya. Vallibel Finance is one of the LMD 100 companies in Sri Lanka. Vallibel Finance is also ranked amongst the 100 most valuable brands in Sri Lanka in 2022.
History
The company was incorporated as The Rupee Finance Company Limited, a small family-owned business in 1974.[2] The company was converted into a public company in 1989. Dhammika Perera acquired the company in 2005 and was renamed Vallibel Finance.[3] On 31 March 2010, Vallibel Finance's initial public offering was oversubscribed on its opening day.[4] Subsequently, the company was listed on the Colombo Stock Exchange in April 2010.