SVL Acquires 15% Stake In Dolla Financial Services  

  • Supreme Ventures Limited (SVL) has acquired a 15 per cent stake in micro-financing company Dolla Financial Services
  • SVL, which currently operates a gaming and lottery business as well as the horse racing operation at Caymanas Park, St. Catherine, made the disclosure to the Jamaica Stock Exchange on Monday, July 24, 2023.
  • The acquisition means that SVL now owns 375 million units of Dolla Financial’s 2.5 billion ordinary shares outstanding. According to Tuesday's closing price, the company's shareholding is valued at just over J$892.5 million.
  • This move continues to be in alignment with SVL’s growth strategy which has expanded beyond the gaming market and has been making headway into other growth industries with significant potential to meet the ever-growing needs of an eclectic consumer base.

(Sources: JSE and RJR News)