General information Shiekan Insurance & Reinsurance CO.LTD Company Company Type Postal Address Telephone Telefax E- mail Address Web Site Address Year of incorporation Country of incorporation No. Of employees Capital Authorized Paid Up Total no of shares issued Name of Auditors Shiekan Insurance & Reinsurance CO.LTD Composite P.O.Box 10037- Khartoum - Sudan +24983781656 +24983776849 Info@shiekanins.sd www.shiekanins.sd 1983 Sudan 1201 SDG 10,000,000 SDG 5,000,000 5000 National Audit chamber Name of Top shareholders and their percentage shareholdering : 1- Genna for Multi Activities Co.Ltd 99.98% 2- Khartoum Trading and Shipping Co 0.02% Top Management Salah El Din Musa Mohamed Nasr El Din Salih Idriss Executive Management Managing Director Deputy Managing Director Position Mohamed Ibrahim Adam Abdalla Mohamed Ali Nasr Issam Abou Almaali Sidig Omer Alfaroog Ahmed Abdul Muhsin Abdul Elbagi Siraj Mohamed Awad Mohamed Fatih Elrahman Abdalla ALsIdeeg Asst. M D- Claims Asst. M D -B D Asst. M D- H R Asst. M D-Underwriting Asst. M D- Takaful(Life) & Medical Asst. MD-Financial Affairs Asst. M D - Agriculture 1
Branches & offices Branches Elsug ElMahali Hilat Koko Khartoum Nouth Khartoum South Port Sudan Khartoum Eest General Command Wadmadani Omdurman Kalakla Mohandiseen Industrial Area Kh. N Elobeid Atbara Kosti Sinnar Gedarif Kassala Elfula Elfashir New Halfa Damazin Dongola Nyala Omdurman Elhesahesa Rofaa ELginyna Kadugely Offices Offices In Banks Others Offices and Sub Branches Daal Co. General St. Elzeam.St 15.st Sawaken Elmared St. Elmasheen Elmanagel Karry Kalaka East Sug libya Elhalfaya Om Rawaba Shanedy Rabk Senga Elhwta Elmargniya Elnihood Wade Halfa Eldeaen AbU Gebaiha Khartoum Eledakhar Elsaudi Alsata Khartoum State Office Gabra Police Ofice Garee Geyad Co. Elwadi St. Elgetana Industrial Area Abu Hamed Eldewaim Elmojlad Marawy Sabreen Elkamleen Eldalanj Alsalam Agriculture Elmina Elbarry Elmina Elgreef Et Medical Elfaow Gabra ElnileIn Omdurman 2
Corporate Profile Shiekan Insurance & Reinsurance Co. Ltd. is a Sudanese company, incorporated in 1983 as a limited company to transact all classes of insurance (General and Life). Shiekan is the leading insurer in Sudan with a market share more than 50%. The company s authorized capital is SDG. 10M and a paid up capital of SDG. 5M. Shiekan conducts its operations on the basis of co-operative insurance in accordance with Shariah rules and principles. The company has a countrywide network of 75 well established and staffed branches and offices. The insurance business of the company is backed by an outstanding reinsurance programme with 1 st class international reinsurance companies. Shiekan has a specialized Loss Prevention Department staffed with qualified technicians and engineers who closely work with our clients to improve safety and security in insured properties. Our Vision To be The World s Foremost Takaful Provider. Our Mission To provide first class innovative Takaful products and services to all our stakeholders. Our values: We are committed to: - A strong, disciplined and consistent relationship with our Policyholders, striving to deliver ever better Islamic financial solutions. - The personal and professional development of our employees, encouraging them to maximize their true potential. - Teamwork to achieve pre-eminent and ever improving delivery in all areas of our business. 3
Outline of our Insurance Products; Property: Fire, Burglary, Business interruption, Industrial All Risks. Engineering: Machinery breakdown, Construction/Erection, Electronic Equipments and Boilers. Energy: Upstream, Downstream, Refineries, Pipelines, Power Stations and Transmission Lines. Marine and Aviation: Cargo, Hull, Liabilities and Loss of Licence. Miscellaneous Accidents: Glass, Cash, Personal Accidents, Professional Indemnity, theft, BBB and Liabilities. Motor: Comprehensive, Third Party Liability and Motor Trade. Agriculture: Irrigated & Rain-fed Crops, Horticulture, Forestry, Livestock and Poultry. Medical: Group, Family and Travel Insurance. Credit: Export Credit and Micro- Insurance. Group, Family & Individual Takaful (Life), Saving & Investment Schemes and Pensions. Shariah Supervisory Board 1. Dr. Ahmed Ali Abd Allah Chairman 2. Prof. El Sedeig El Dareer Member 3. Prof. Abd Elmonem El Goussi Member 4. Dr. Rabee Hassan Ahmed Member 5. Mohammed Yousuf Al Araky Secretary Board of Directors 1. Dr. Mohamed Osman El Rekabi Chairman 2. Khalid Hammad Ahmed Member 3. Ahmed Mukhtar Ahmed Member 4. Hashim Abdul Mutaleb Ahmed Member 5. Abdallah A. Abdallah Member 6. Mrs. Shama Nour Eldaim Member 7. Abdallah Abu El Gassim Member 8. Abbas Moh d A. Habiballah Member 9. Salah El Din Musa Mohamed Managing Director 4
Board Committees;- (a) Policies & Audit Committee 1- Dr. Mohamed Osman El Rekabi Chairman 2- Abdallah A. Abdallah Member 3- Abdallah Abu El Gassim Member 4- Internal Audit Dept. Manager Secretary [ (b) Investment Committee 1. Khalid Hammad Ahmed Chairman 2. Salah El Din Musa Mohamed Member 3. Representative of Khartoum Trading & Shipping CO. Ltd Member 4. Investment Dept. Manager Secretary (c) Human Resources & Corporate Social Responsibility Committee 1. Hashim Abdul Mutaleb Ahmed Chairman 2. Ahmed Mukhtar Ahmed Member 3. Dr. Abbas Moh d A. Habiballah Member 4. Mrs. Shama Nour Eldaim Member 5. Asst. M.D. for HR Secretary [ (d) Risk Committee 1- Dr. Mohamed Osman El Rekabi Chairman 2- Abdallah A. Abdallah Member 3- Abdallah Abu El Gassim Member 4- Asst. M.D. for Finance Secretary 5