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SUDAN DEVELOPMENT CORPORATION ESTABLISHMENT DATE : March 1974 (Act Mo. 93) AUTHORIZED CAPITAL : US $ 500 million PAID UP CAPITAL : US $ 200 million LEGAL STATUS : An autonomous Corporate body, Financially independent, and wholly owned by The Government of Sudan. LINE OF BUSINESS: SDC is the leading National Development Finance Institution (MDFI) in the country. OBJECTIVES:
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SALIENT FINANCIAL FEATURES AS AT 31 DECEMBER 1995:
Total assets: US $ 133.9 million
Total Investment Portfolio: 104 projects/companies
Total Value of the Portfolio: 126.9 million.
Total Equity/Musharaka
Investment: US $ 53.2
MANAGEMENT & ORGANIZATION:
Board of Directors:
Eng. Al Saeed Osman Mahgoub - Chairman
Dr. Mohamed Kheir El Zubair - Member
Eng. Monier Yousif El Hakim -Member
Mrs. Bedour Osman Abu Affan - Member
Mr. George Moris Lomoro -Member
Dr. Babiker Mohamed Tom -Member
Mr. Khogali Abu Bakr -Member
Mr. Abdalla Ali Abdalla -Member
Mr. Nasr El Din Mohamed Omer -Member
Mr. Mahmoud Yousif Ismail -Secretary
TOP MANAGEMENT:
NAME |
NATIONALITY |
ACADEMIC QUALIFICATION |
STATUS |
DEPT./SECTION |
Dr. Mohamed Kheir EL Zubair |
Sudanese |
Ph.D. Degree |
Managing Director |
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Mr. Awad Abdalla Higazi |
Sudanese |
M.Sc.Degree |
Project Director |
Project |
Mr. Farouk Mohamed Abderahman |
Sudanese |
M.Sc.Degree |
Manager |
Project-Preparation |
Mr. Abdalla Karamalla Babiker |
Sudanese |
B.Sc.(Hon).Degree |
Manager |
Follow-up |
Mr. Stephen Pitya Lako |
Sudanese |
M.Sc.Degree |
Manager |
Planning Research & Foreign Relation |
Mr.Nafee Mahmoud Hamid |
Sudanese |
M.Sc.Degree |
Manager |
Administration |
Mr. Nasr El din Satti Badi |
Sudanese |
Accounting Experience |
Manager |
Finance |
Mr. Ibn El-Haj Mohamed Salih |
Sudanese |
M.Sc.Degree |
Manager |
SDC Building Complex |
ADDRESS:
Sudan Development Corporation
SDC Building Complex
Street 21 Al Amarat (New Extension) Khartoum
P.O.Box 710
Khartoum –Sudan
Cables :DECORP
Telex :24078 SDC SD
Tel. :472186-472195(10 Lines)
Fax : 249-11-472148
EL-NILEIN INDUSTRIAL DEVELOPMENT BANK GROUP:
P.O. Box 1722
KHARTOUM - SUDAN
Tels: 780082-773939-780750
Tlx: 22456-22243
Fax: 780776
NIDBG is a pioneering developmental banking institution in financing industrial development projects in all sectors (food industry, chemical industry, textile, construction materials, medicines, engineering workshops etc.)
1- The group extends its funding services through all Islamic formulas of financing.
2- Special concern and easy funding terms are extended to the small scale, rural handicraft, and productive families industries.
3- Through its branches spreading in all the states of the Sudan, the group presents its advanced banking and investment services the country- wide in realization of the balanced comprehensive development goal, besides its branches in the United Arab Emirates (UAE).
4- NIDBG is the only banking institution which has introduced the automatic teller system, and work is currently underway to generalize the system in all the group's branches.
5- The group presents comprehensive investment projects for the expatriates, and developing the export sector.
6- Our correspondents network covers the biggest capitals of the world.
The group's affiliated company ( the Industrial Bank;s Company ) provides production inputs and equipment to craftsmen and the small scale producers and productive families with the aim of stabilizing the price and encouraging the productive sectors.
8- NIDBG following incorporation of former Nilein Bank and the Sudanese Bank for Industrial Development, has become more capable of realizing the comprehensive industrial development.
9- NIDBG is the only bank in Sudan that has branches outside the country.
10- NIDBG has capital contributions in many of the regional financing institution and companies ( funding program), Arab trade, Arab financial services company and Kenana Sugar Company .
11- NIDBG has broad relation with much of the regional and international development financing institutions.
( NIDBG The Pioneering Name in Banks' World).
The NIDBG Was constituted on the 8th of March 1993 as a consequence of a merger process between the Nilein Bank and the previous industrial Bank of Sudan. The new organ embodies the mission of the two banks, respectively commercial banking and development banking.
THE GROUP OBJECTIVES:
1- Mobilizing internal and external resources in the development process.
2- Providing financial assistance for industrial sector.
3- Providing technical assistance for industrial enterprises.
4- Supporting small-scale industries both financially and technically.
5- Providing finance to different economic sectors in Sudan.
6- Providing banking services to enhance foreign trade.
THE GROUP ACTIVITIES:
The group performs all the activities of commercial bank among which are:
- Accepting different kinds of deposits.
- Opening letters of credit and issuing letters of guarantee.
- Dealing in foreign exchange.
- Extending credit to different economic sector.
- Establishing correspondent network with foreign banks and in international financial institutions.
THE GROUP NETWORK OF BRANCHES:
NIDBG Comprises about 42 banking branches inside Sudan and one branch in Abu Dhabi abroad. These branches provide all banking activities.
THE CORRESPONDENTS NETWORK:
The group enjoys a wide range of correspondents all over the world, the network intensively correspondents covers the different parts of the world and assists in promoting foreign trade in Sudan.
THE NIDBG'S MAIN SUBSIDIARY:
The group has its own subsidiary company, the industrial Bank company for development and trade . The company tended to support industrial enterprises, both large scale and small scale. Within its activities, the company also work in the field of foreign trade, it is engaged in the import and export of goods.
General features of the group:
Authorized capital Is. 10.000.000.000
Paid- up capital Is. 7.000.000.000
Number of branches 42
Planned branches 8
Number of employees 2000
Finally the NIDBG seeks to extend cooperation with all institution and corporation … etc, in different fields of banking activities, hoping that this cooperation would develop the mutual interest of all parties.
All correspondents should be sent to the following address:
AGRICULTURE BANK OF SUDAN
Head office : Al Mugran area, to the west and Gamhoriya Avenu.
P.O.Box : 1263
Tel : 777432 – 770150 – 779413
Fax : 778296
Tel : 22610
The Bank’s capital is L.S 2 billion. It has 114 branches spreading at the state levels.
The Bank welcomes its clients and presents them its quick and advanced services:
Distinguished services for the expatriates.