SAITM private campus to be listed on the stock market

20 Apr, 2017

The SAITM private campus in Malabe is to be listed on the stock market, President Maithripala Sirisena said today.

He said that the sole ownership of the campus will be removed and a governing council will be appointed to manage the operations.

Health Minister Rajitha Senaratne said once a proper guidelines have been establish to administer SAITM, it would also be applicable to two other private medical colleges proposed to be set up by the Monash University in Australia and Manipal University in India. The President pointed out that 75,000 to 85,000 Sri Lankan students go abroad annually for higher education and if there are private institutions in Sri Lanka, it would be a great relief to them as the cost would be much less. (Colombo Gazette)

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