[1] It was founded by the Sinhalese scholar H. S. Perera who acted as both owner and editor-in-chief of the paper at the outset.

Upon Perera's death in December 1914, D. R. Wijewardena (who would later go on to become a prominent figure in the country's struggle for independence) bought out the company.

[2][3] The newspaper's offices were located initially at First Cross Street, Colombo, and was printed at the Lankabhimanava Vishrutha Press.

Later, Wijewardene bought a larger area of land elsewhere in Colombo, and built 'Lake House' building, which then became home to the offices of the Dinamina, along with several other newspapers that Wijewardene began, including the Sri Lankan English daily, the Daily News.

[4] Previously, it was held by Pushpa Rowel and she was the first woman to rise to the rank of the Chief Editor of a Sinhala national newspaper.