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2018-Eng.Pdf In the name of Allah Most Beneficent, the Most Merciful And say, Work: so Allah see your work and ( so will ) His Apostle and the believers : and you shall be brought back to the Knower of the unseen and the seen, then He will inform your of what you did. Surat Al- ttubh ( 105 ) 3 Annual Report 2018 CONTENTS Subject Page No. About The Bank 3 The Bank’s Shareholding in Companies and Corporations 4 Bank Branches 5 Board of Directors 6 Executive Management 7 Report of the Board of Directors To The 51th Ordinary Meeting of the General 8 Assembly The Resolutions of the 51th Regular General Assembly 10 Shareaa Board Report 12 Auditor’s Report 13 Balance Sheets 2018 14 The Financial Performance and Review for the Fiscal year 2018 15 Bank’s Correspondents 39 4 5 Our VISIOn: To be your best banking choice: Our MISSIOn: We are aware of our national responsibility to contribute in social development in addition to our leading economic role. We stick to Islamic Shariaa Laws in all our transactions. We believe in the role of qualified and well trained staff to serve our customers. We attract deposits and provide finance according to Islamic models. We maintain the rights of shareholders, customers and employees to satisfy them. Our valueS: Honesty Transparency Devotion Role model Teamwork Observance of the ethics and standards of the job. Sustainable development and improvement. ABOut tHe BAnK During the seventies of the century last and after the nationalization of the foreign banks, a group of Sudanese businessmen joined by the Bank of Sudan (The Central Bank of Sudan) initiated the idea of establishing this bank. A number of local and foreign corporations together with some individuals joined them. The bank started in 1979 under the name of Sudanese Investment Bank with acapital amounted to 7.5 million SDG. In 1981, its name was changed to be “Sudanese International Bank”. In 1993 the bank acquired its famous name the Sudanese French Bank. It continued its growth and success by attracting Cofida Holding to be the biggest shareholder with 20% of the shares, Social Security Investment Agency with 17.07% of the shares, Osco Corporation 14.51% , and Dubai Investment Corporation 14.46% of the shares beside a distinguished group of national investors. In an effort to join the international markets the bank capital was raised to 500 million SDG out of which 274.5 million SDG was paid up. Paid up Capital As At 31/12/2018 nominal Capital : 500 million SDG Paid- up Capital: 274,500,000 SDG total Shares: 183,000,000 Shares Bank Address Headquarters: Al Qasr Avenue Khartoum P.O. Box: 2775 Khartoum- Sudan telephones: (+249-1) 8377730- 83776542 – 87013000 Fax: (+249-1) 83790391- 83790391 – 837774832 – 83771740 Website: www.sfbank-sd.com email: [email protected] Swift: SUFRSDKH Member of Sudanese Banks union. Member of Arab Banks union. Member of Banks Deposit Guarantee Fund. Member of Arab trade Finance Program 6 Member (Observer) of Islamic Financial Services Council – Malaysia. BAnK BrAnCHeS 7 Branch P.O. Box Area Code Tel. No. Fax No. Khartoum 2775 +249-1 83785250 - 83776542 83779300 Algamhouria 1950 +249-1 83781735 -83778600 83773696 Khartoum (2) 6640 +249-1 83472833 - 83461107 83471627 Alsaggana 87 +249-1 83462545 - 83463905 83460589 Khartoum North 1591 +249-1 85339907 -85339908 85339910 Omdurman 1055 +249-1 87568729 - 87555068 87554643 Souk Libya 45 +249-1 87609203 - 87609201 87609202 AlsoukAlmahali 12606 +249-1 83438840-83414580 83438838 AlRiyadh Khartoum 7059 +249-1 83520022-83520025 83520024 Garden City 7445 +249-1 83270935 83270962 Almamora 7067 +249-1 83525284 83525283 Al Kadaro 2775 +249-1 87013626 83776542 Port Sudan 871 +249-311 820945 - 824440 826280 Qadariff 191 +249-441 843303 - 833069 843352 New Halfa 134 +249-421 822153 - 822383 822522 Madani 305 +249-511 842307 - 843076 843725 Sinnar 122 +249-561 823203 -822280 823116 Rabak 108 +249-572 825070 825145 Almanagil 12 +249-517 872112 - 879999 873200 Hasahissa 86 +249-541 832165 831050 Aldamazin 45 +249-551 822094 - 822394 822394 Obeid 432 +249-611 824333 - 823246 822670 Nyala 456 +249-711 832305 - 833280 832889 Atbra 99 +249 - 211 832910 832913 El Genaid 86 +249-541 87013625 831050 *Bank Cash Office - National University – Khartoum tHe BAnK’S SHAreHOlDInG In CompanIeS AnD COrPOrAtIOnS Since its incorporation in 1978 the bank continued to share in the capitals of companies and corporations to help development projects to succeed and reflect the national role of the bank. These companies are considered an investment channel for the bank resources to achieve a reasonable return. Within this context the bank shared in some effective projects on the Sudanese economy like: Alfaransi Financial Services Company ltd. The bank coped with investment development in financial stocks by establishing this company to be the assisting arm of the bank and its clients in the field of investment in stocks. The company is a licensed agent in Khartoum Stock Exchange. the bank is also a shareholder in the following companies: 1. Gulf National Flour Mills 2. Electronic Banking Services Company 3. Financial Investment Bank 4. Sudanese Rural Development Company 5. Juba Insurance Company 6. The Arab Financial Services Company (Bahrain) 7. National Agency for Insurance and Finance of Exports 8. Al Rai Alaam Printing and Publishing Company 9. Micro Finance Agency 8 BOArD OF DIreCtOrS: 9 Dr. taha Ali elbashir Chairman Mr. Osman Selman Mohamed Member Mr. Fuad Yousif Shaker Member Mr. Roger Farid Dagher Member Mr. Hussein Fadul Ali Gadorra Member Mr. Salah Eldin Elsheikh Khedir Member Mr. Amin Mohammed Osman Fadul Member Dr. Mustafa Abass Mustafa Member Mr. Abd Elgadir Mansour Abd Elgadir Member Mr. Abd Elkhalig Elsamani Abd Elrazig (G.M.) Member Mr. Dafalaa Elfadel Mohamed Abu Gadeer Board Secretary Shariaa Supervisory Board: Mr. El Tayib El Faki Musa Chairman Dr. Ahmed Mohammed Abdalmageed Moh. Member Dr. Mohammed Ali Yousif Ahmed Member Dr. Yousif Elkbashi Idreis Soliman Member and Shariaa Control Officer Certified Public Accountants: Mubarak For accounting, Auditing & Financial Consultancy Tel: (+249) 1 83779392 Fax: (+249) 1 83787665 E-mail : [email protected] P.O. Box 6556 - Khartoum - Sudan exeCutIVe MAnAGeMent Mr. Abd Elkhalig Elsamani Abd Elrazig General Manager Mrs. Ayaad Abd Alla Suliman Haggar Deputy General Manager GM ASSIStAnCeS: Mr. Tag Elsir Hamid Abd Elkareem Assist. G. M. For Financial Affaires Dr. Haroun Mahmoud Adam Abekar Assist. G.M. For Foreign Relations Mr. Alwaleed Fawzy Ahmed Elfadil Assist. G. M. For Investment & Marketing Mr. Sief Eldin Elfakki Mohammed Head of Legal Department DepartMentS MAnAGerS: Mr. Nabeeh Mustafa Alemam Mohamed Computer & Information Technology Dept. Mr. Osama Bukhari Abdalla Elkhider Administration Affaires Dept. Mrs. Adeeba Ibrahim Bushara Elsaid Human Resources Dept. Mr. Azhari Adam Ali Mohamed Internal Auditor Dept. Mr. Faissal Mohammed Ali Financial Affairs Dept. Mr. Musaad Albashir Ahmed Ibrahim Risk Management Dept. Dr. Babiker Ali Elawad Research and Studies Dept. Mr. Elmahgoub Ahmed Ibrahim Elhassan Foreign Relations Dept. Mr. Waiel Baha Eldin Abd Elgalil Mukhtar Investment and Finance Dept. Mr. Ahmed Abdalla Abdelrahman Executive Office Dr. Nazik Hamid Ali Elhashemi Compliance Officer Mr. Tarig Abdelaziz Abd Alla Shiddo Marketing& Public Relationship Dept. 10 11 BrAnCHeS MAnAGerS CAPItAl BrAnCHeS: Main Branch-Khartoum Mr. Nadir Mohamed Abdalla Jabir. ‘Acting’ Omdurman Mrs. Fatima Mohamed Ali Salih Alsaggana Mrs. Hanan Shibli Saeed Alhassan Khartoum (2) Mr. Abd Elhameed Ismael Mohamed Khartoum North Mr. Ahmed Alzibair Musa Algamhouria Mr. Nadir Omer Nour Eldin Souk Libya Mr. Ameer Hassan Abd Elhafeez Alsouk Almahali Mr. Jalal Eldin Albalal Mohamed AlRiyadh Khartoum Mr. Mohamed Ahmed Ali Seed Ahmed Garden City Mrs. Nayra Abd Alla Hag Sharfi Almamora Mrs. Rahma Hassan Hamd Elamin Al Kadaro Mr. Elzubair Elmagboul Ali StAteS BrAnCHeS: Port Sudan Mr. Abd Alrahman Ahmed Abd Alrahman Mohamed Qadariff Mr. Ali Abdlrahman Osman Abdlfatah Madani Mr. Salih Mustafa Khalil Salih. ‘Acting’ Hasahissa Mr. Yusri Elsir Abdelgadir Ahmed ElObeid Mr. Alsafi Ahmed Alsafi Daei Elnour Rabak Mr. Mohammed Abdelaziz Mustafa Sinnar Mr. Mustafa Osman Elfaki Mustafa Aldamazin Mr. Mutasim Elrashid Sid Ahmed Saeed Almanagil Mr. Mustafa Kamil Mohamed Nour New Halfa Mr. Abdlalah Ebrahem Jaafar Nyala Mr. Mustafa Mohamed Ismael Atbra Mr. Alfadil Izz Eldin Hassan Fadul Almula El Genaid Mr. Mohammed Ahmed Mansour tHe BOArD OF DIreCtOrS rePOrt PreSenteD tO tHe SHAreHOlDerS’ 51th OrDInAry MeetInG Praise be to Allah, the Lord of the Creation and Institutions, and the guidelines and circulars of the prayer and peace be upon the last of the Prophets and Central Bank of Sudan, where the performance results Messengers, Mohamed Ibn Abdellah , best prayer and pointed out a remarkable progress compared with the peace be upon him. year 2017. That is clearly described in the following: Dear Brothers and Sisters - shareholders of the Increase of the total assets from 4.8 Billion pounds to Sudanese French Bank 9.6 billion pounds, with an increase rate of 99%. Peace, mercy and blessings of Allah be upon you Increase of the total equity rights from 668 million I Have the pleasure and honor, on behalf of the Board pounds to 836 million pounds. of Directors of the Bank to welcome you and present Increase of the total on-demand and investment to you the annual report on the results of the works of deposits of the Bank from 3.8 billion pounds to 7.9 financial year ending on 31 December 2018 in order to billion pounds, with an increase rate of 110%. become aware of the details of what has been achieved Increase of the volume of the granted financing from according to the report of the external auditor and the 2.4 billion pounds to 3.7 billion pounds, with an report of the Sharia Supervisory Board. We are certain increase rate of 54%.
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