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"We are exploring a number of new of new opportunities," he said. "Real estate and leisure is one of the areas we are strong in and we've been looking at those opportunities.
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Al-Futtaim group bought Sri Lanka Associated Motorways which has the agencies for Japan's Nissan and India's Maruti in Sri Lanka. The firm has a 50 percent market share in brand new vehicles in the island.
Al-Futtaim Friday officially launched Orient Insurance, a wholly-owned unit of Al Futtaim group company Arab Orient Insurance.
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The group had invested 750 million rupees in the Sri Lankan firm.
Len Hunt, from Al Futtaim's motor division said the insurer and a financing arm allowed the group to give a comprehensive service to motor buyers.
Deepthi Lokuarrachchi, chief executive of Orient Insurance Sri Lanka said the start-up insurer had clocked up 54 million in premium following is soft-launch in December.
It has also set up several branches and was planning more branches in Anurdhapura and Badulla.