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Finance
PO Box 2332, Khartoum
Tel: + 249 183 777797 / Fax: + 249 183 771820
manager@sudinreco.com
www.sudinreco.com
Activity: insurance
Date of Creation: 1967
The Sudanese Insurance and Reinsurance Com-
pany Ltd (SUDINRECO) is registered under the
Sudanese Companies Act. SUDINRECO was es-
tablished by a group of Sudanese businessmen in
1967. SUDINRECO writes both Reinsurance busi-
ness from the international markets.
Its mission is to become the leader of the insurance
industry in Sudan by providing the best Insurance
coverage, achieving client-satisfaction (Corporate,
Commercial, Industrial, Individuals, and so on), of-
fering new innovative Insurance schemes as per the
dynamics of the region economy, assuring best of
insurance services, maximizing the shareholders re-
turns, living up to its values of trust, teamwork and
customer satisfaction.
SUDINRECO has branch offices in Port Sudan, Port
Sudan Free zone area, El-Obeid, El-Gadarif, Kas-
sala, Dongola, Wad Madani, Khartoum South, Khar-
toum East and Khartoum North besides principal
agencies all over the country.
SUDINRECO has established a reputation for high
professional competence in the various Insurance
covers: Commercial, Industrial, Engineering, Agri-
cultural & Live Stock, Aviation fields, Fire and Allied
Perils, Burglary, Marine, Money, Liabilities, Goods in
Transit, Motor Vehicles, Medical, or Travel. It is insur-
ing many projects held by international contractors
such as Held and Franke from Germany, Partisan-
skiput from Yugoslavia, Fletcher and Stewart from
the UK or Satcon Construction from Ethiopia.
THE AGRICULTURAL BANK OF SUDAN
Awad Osman Mohamed Ahmed Mobashar
General Manager
PO Box 1363, Khartoum
Tel: + 249 183 777432 / 183 770150 / 183 775051
Fax: + 249 183 778296 / 183 779081
Activity: banking
Date of Creation: 1957
Ownership: Government
No. Employees: about 2000
The ABS is a specialised bank, which finances the
country’s main farming activities including irrigated
farming, mechanised farming and traditional farm-
ing. It provides mainly (80% of the loan portfolio)
seasonal loans for up to one year and medium-term
financing exceeding one year. The ABS provides
farmers with cash loans for farming and harvest-
ing, and in-kind loans (75%) in the form of produc-
tion inputs and requirements (fertiliser, burlap sacks,
improved seeds, insecticides and farm machinery).
ABS’s branches open current accounts, savings ac-
counts, investment accounts, cash checks, process
transfers and accept letters of guarantee and letters
of credit.
ABS purchases and sells production inputs and
handles the export of crops. One of the used Islamic
lending methods is As-Salam, which includes cash
lending and in-kind repayment. Its main sources of
funds are the Central Bank (41%), deposits (20%)
and the government (17%).
UNITED CAPITAL BANK
Kamal A. Elzubeir
General Manager
Plot 499, Square 65, Obaid Khatim St.,
Khartoum
Tel: + 249 183247700
Fax: + 249 183235000
kamal@bankalmal.com
www.bankalmal.com
Activity: Finance
Date of Creation: August 2006
Capital: 120 million USD
United Capital Bank is held by different groups
of investors, like the Areef Kuwaiti group. It was
established in Sudan on August 2006 and has now a
net value of 280 million SDG (about 120 million USD).
Its main customers are large local industrial groups
such as Araak, Haggar, or sugar refineries. It
acts under the supervision of the central bank. Its
services have the reputation to be done quickly,
with a high quality and with a low cost. One of its
advantages is that UCB offers a special investors
adviser department dedicated to businessmen.
“Sudan is very rich with potential business
opportunities. It is a virgin land. If you come
here to invest, you won’t regret it”.
Kamal A. Elzubeir
General Manager