President of the Sudan

His Excellency Omer Hassan Ahmed Al-bashir

Dr. Mohammed Khair Al-ZubairActing Chairman of the Board

The General Manager

Mr. Osman Hamad Mohamed Khair

2

ANNUAL REPORT 2013

3

Address:Khartoum- Sudan- Albaraka Tower – tenth Floor

P.O. Box: 10835 Khartoum

Fax: +249 83 782225

Website: www.kse.sd

Email: Ksestudies@ hotmail.com

Telephones:Call Box: +249 83 782450 / +249 83 776322

General Manager +249 83 782450Deputy General Manager +249 83 776322Companies and Issues +249 83 782220Studies & Information +249 83 782152Administrative Affairs +249 83 776322Legal Affairs +249 83 782450Brokers & Trading Floor Affairs +249 83 782205Inspection & Audit +249 83 766807Financial department +249 83 775738Internal Auditing +249 83 743053Central Depositary & Saving +249 83 782390IT department +249 83 775669

4

Index

1. Future Vision…………………………………………………………………………………………………. 7

2. Message……………………………………………………………………………………………………….. 7

3. KSE Objective………………………………………………………………………………………………… 8

4. The Speach of general Manager……....……………………………………………..…………… 9

5. Major Indictors of Sudan’s Economy During 2013 ……..…………………................. 10

6. Establishment and development And the most important periods for KSE ………... 11

7. Market Statistics…………………………………………………………………………………………… 13

8. Market activity by sector in 2013………………………………………………………………….. 27

9. Brokerage Companies…………………………………………………………………………………..59

ANNUAL REPORT 2013

5

Chairman of the Board:

Dr. Mohamed Khair AlzubairActing chairman of the board

Mr. Osman Hamad Mohamed Khair The General Manager

Board Members:

mis. Alsham Abdellah Abdellah

Mis. Muna Al tahir A. Alrahaman

Mr. Musaad Mohamed Ahmad

Dr. Kamal Jad Kareem

Dr. Hamid Alamin Ahmed

Mr. Khalid Seed Ahmad

Mr. Bdr Aldin Qurashi

Mr. Fadi Fagih

Mr. Mohamed Salih Hasanain

Dr. Ahmed Mansour EL-Agab

Mr. Sulaiman Mohamed Ahmed

Dr. Mohamed Yousif Ali

6

The Executive Management

Departments Managers

Inspection & Audit managerMr. Saeed Alimam Hannan

Miss. Manahil Yousif Mohamed Yousif

Studies & Information Manager

Mr. Jamal Gareeb Allah

Central Depositary & saving Manager

Administration Manager

Mr. Ahmed Ebrahim Nori

Mr. Altaib Algalee AltaibT Department Manager

Mrs. Imama Alsheikh Al A Main

Human resource Manager

Mr. Hisham El-Tayeb Mohammed

Brokers & Trading Floor Affairs Manager

Mrs. Huda Ahmed Alsid

Financial Manager

Mr. Mohamed Ibn Alhaj mohamed

Companies & Issues Manager

Mr. Talal Omer Abu HassanMarketing manager

Mrs. Mison Ali AdamInternal Auditing manager

Shariaa Advisory Board Members

Prof. Mohammed Alhassan Brema

Member

Mr. Osman Hamad Mohamed khair

Member & RaporteurDr.Mohammed Ali Yosif

Member

Dr.Ahmed Ali Abdallah

Chairman

Heads sectors

Mrs. Huda Ahmed Alsid

Head of the Administrative, Finance & services

Mr. A.Rhman A.Majeed (Nadir)Head of markets

Mr. Magdi Mohammed EL-Hassan

Head of Marketing, Research & Development

The general manager

Mr. Osman Hamad Mohamed khair

Legal Advisor

Mr. Mohamed El- Mustafa Musa

ANNUAL REPORT 2013

7

Upgrade the financial industry in the Sudan through:• Dissemination and promotion of financial literacy in

the country.• Governance the performance of Sudanese financial

markets.• Promote the economic development of the country.• Take advantage of financial investment opportunities

available locally, regionally and globally.• Build and strengthen linkages between local

institutions and Regional and international ones.• Building a fair, efficient and transparent market.

To play a key role in the financial industry through the provision of services and financial products, innovative and quality, professionalism and credibility in the coming years through a comprehensive reform in the financial, administrative, technical and legal with a view to establishing a functioning market that seeks to strengthen its role in the structure of economic development and the safety of investors and dealers in it.

Future vision

Message

8

Khartoum stock exchange act stated that the market has the following proposes:

• Regulate and control the issuance and dealing in buying and selling.

• To encourage saving and investment awareness among citizen and Sudanese economy.

• Work to expand and strengthen the private ownership of productive assets in the national economy and the transfer of public ownership of capital assets of the state to wider national groups.

• Develop and market development issue by organizing and monitoring securities issues and determine the conditions and requirements to be met in the press release on the introduction of securities for public subscription by the public.

• Strengthen the foundation for proper handling and equitable between the categories of investors and ensure equal opportunities for dealers in securities to protect small investors.

• Propose how to coordinate the financial statements, monetary and capital movement, and policy oversight for the development of sources of financing medium and long term in Sudan in order to achieve financial and economic stability in Sudan and then achieving the goals of economic development.

KSE objectives

ANNUAL REPORT 2013

9

The Speech of KSE General Manager

2013 is considered as a unique and historical year for Khartoum Stock Exchange (KSE). It is the first year of the beginning of electronic trading system. Trading rates have risen, the number of transaction is doubled and this is due to the effectiveness of the electronic trading system which carried along with it several transformations that have made radical changes in KSE’s activity as well as supporting its march towards bright and pioneering future to keep up with the regional, international and the Arabic stock exchanges. It’s also encourage KSE to think to establish new markets that were not available when KSE adopting manual trading system such as goods market, minerals market (gold), For-ex market and real estate market. Also, KSE did a cross listing with regional and Arabic stock exchanges.We live in the age of technological and scientific development, where the road to succeed in the stock markets lies in the ability to implement the electronic systems. Therefore, since the changes in the technological and economical fields are going in successive steps, the market had to upgrade its systems continuously to be able to work under the intense competition in international stock exchanges.After applying the Electronic trading system, the market has become a leading front of the investment in Sudan, as it is considered as the fundamental base for economic growth. To achieve this goal, all the preliminary stages of the implementation has been prepared for practical execution so as the electronic system becomes alternative to the traditional manual system which does not meet the requirements of the next stage. In this regard, the trading hall has been equipped in the best way and the hard-wares and soft-wares of electronic trading that were given to us by Muscat trading markethave been installed.We express our sincerest gratitude and respect for the great support they provided in training all the employees of the Khartoum stock exchange and some members from financial brokerage firms on how does electronic transactions work. The second stage of the development and renovation process, on the other hand, will include establish bank for the transactions settlement.And, the third step is to link the brokerage companies and their customers with the electronic system to be able to conduct their transactions from their premises without incurring the rigors of attendance to the KSE halls to do these transactions. In addition to the electronic trading, the management council has approved a number of the organizing guidelines of the market’s activity to be considered in the next stage. Furthermore, a draft of a new law to Khartoum Stock Exchange market has been set ,in addition there is another law for the market regulation body which will take over the supervision, control and development processes of the KSE and the other markets that are anticipated to be born after the approval of this low which is now in front of the ministers’ council to be approved and then passed through the parliament for its final approval.Finally,we assure our relentless pursuit to serious working and making every effort in order to move the market forward for the benefit of the country and the citizens.

Thank you,

Osman Hamad Muhammad Khair

General Manager

10

MAJOR INDICTORS OF SUDAN’S ECONOMY DURING 2013

Major indicator in Sudanese economy is the fast that the population reached by end of 2013, (36163.8) thousand people.

The GDP went up from SDG (243,412.9) million compared with SDG (294,630.2) million in 2013, at the rate of growth (2.89%), the contributions of the sectors to the GDP are as follows:-

The agricultural sector (33.8%) Compared with (33.1%) during 2012.

The industrial sector (16.5%) compared with (16.7) during 2012.

The services sector (6.2 %) compared with (6.3%) during 2012.

It could be while that the contributing of both the agricultural and industrial sectors went up, while there has been decrease in the of services sector during 2012.

As For the inflation rate, the average rate of inflation during 2013 reached 37.1% by the end of 2013, compared with 35.1% of average rate during 2012.

The average of exchange rate of the Sudanese pound against the euro by the end of the year stood at 5.6958 compared with an average of 4.41pound during the year 2012.

ANNUAL REPORT 2013

11

Khartoum Stock Exchange has completed by the end of the year 2012, 18 years, which witnessed the march of Khartoum Stock Exchange several stages and transitions that would accelerate progress in the market, the most recent was the market transformation to electronic trading and the following is profiles of the most important stages in the life of the market:

• The idea of establishing a stock exchange in Sudan started in 1962 whereby many formalities such as studies and communications had been started by the Ministry of Finance and Bank of Sudan jointly with IFC one of the arms of the World Bank .

• The People’s Assembly had endorsed the Stock Exchange Act of 1982 to regulate Stock Exchanges establishment in Sudan but no serious action was taken until 1992.

• In August 1992 a serious step was taken to establish a Stock Exchange in Sudan in line with economic liberalization policy called the Three Years Salvation Program (1990 - 1993).

• The Stock Exchange Board had been formed in 1992. In November of the same year the Council of Ministers amended the Stock Exchange Act of 1982, but the amended Act did not cover all the required necessary objectives to establish a Stock Exchange.

• In 1994 the Transitional National Assembly passed the Khartoum Stock Exchange Act, through which KSE acquired its independent legal status.

• The primary market activities – (Issues Market) – started on 10/10/1994.• On the 2nd of January 1995 the secondary market was completed and the market started dealing

in the shares of the first listed companies. • In 1996 the number of listed companies has increased from 34 to 40 companies.• In 1997 a remarkable increase in the market value of the listed companies went up from 31 million

U.S Dollars to 139 million U.S Dollars. The same year witnessed the establishment of the Financial Investment Bank to help in activating KSE.

• In 1999 the Parallel Market started its operation, as well as the classification of listed companies according to their adherence to conditions regulating the companies listed either in the regular market or the parallel one.

• In 2001 a number of Investment Funds (Sukuk) and Government Musharaka Certificates (Shehama) were issued and listed in KSE.

• In 2002 a great expansion of KSE relations with regional and international financial markets took place.

• In 2003 the Khartoum Index was declared, listing the KSE in the Arab Monetary Fund data base and cross listing Sudatel in Abu Dhabi Securities Market were carried out.

• In 2004 the trading volume reached the highest level since the establishment of KSE. In the same year a joint cooperation protocol was signed between KSE and Cairo - Alexandria bourses.

• In 2005 a standard increase in the trading volume to 1.21 Billion Sudanese pounds and an increase in Khartoum Index with growth ratio of 97.3%, the market value rose to 7.47 Billion Sudanese pounds. According to AMF Data base KSE came the first due to the growth of market value compared with other Arabic Markets with a ratio of 50.8%.

• In 2006 a standard increase in the trading volume to 2.06 Billion Sudanese pounds with a growth of 70%.

• In 2007 Khartoum Stock Exchange joined the African Markets Union which is going to open new horizons of co-operation with regional stock markets.

• In 2008, a remarkable increase in the volume trading and the Depository Center has been completed to contain all the listed stocks in 0the Khartoum Stock Exchange, which paved the way for the

Establishment and development And the most important periods for KSE

12

completion of the transformation to the electronic trading.• In the year 2009 market recorded KSE highest dealings since the establishment of market secondary

in an increase in trading volume to (2.2) billion, compared with (1.8) billion in the last year, a rise of 19.5% and the system begins to switch to electronic trading which will be completed by year-end 2010, God willing.

• Has also been developing an action plan for market development, this plan contains 12 important hub.

• In The beginning of 2010 was the adoption of market as an observer in the Union of Arab Stock Exchanges to enjoy full membership at the next meeting of the Union.

• In 2010 a Sudan Commodity Exchange (under way) was accepted as an observer in the African Commodity Exchange Forum (ACEF).

• It also signed contracts for the operation and installation of programs.• In 2010 has a volume greater rate since the beginning of the secondary market in 1995, ahead

of the year 2009 which amounted to lE2.2 billion compared to $2.4 billion, and the number of shares traded from 164,721,836 shares, as well as the number of contracts from the 8065 contract to 8265 contract, as has the number of instruments traded down from 7,646,614 to 5,848,016 instrument.

• In the year 2010 was the adoption of the market as an observer in the Union of Arab stock exchange to enjoy full membership at the next meeting of the federation.

• In the year 2010 was the signing of the contracts for the supply and installation of hardware and operating software and the beginning of the installation screens internal fixed and mobile

In the year 2011:-• Trading volume continued to rise over the previous year where it reached 2.6 billion pounds

compared to 2.2 billion pounds and the number of instruments, 5 million to 11 million.• The inclusion of a single company during this year (Al Jazira Sudanese Jordanian Bank).• The arrival and installation of all equipment and operation of electronic trading.• The completion of the tests of electronic trading systems and the training of all employees in the

market, brokers accredited to these systems.• The adoption of KSE to be a permanent member in the association of Arab Stock Exchanges.• The start of the trial run of a program for electronic trading.In the year 2012:-• KSE started working with the electronic trading system.• In year 2012 was opened by the Minister of Finance and National Economy of the electronic trading

system under the auspices of the President of the Republic.• Trading rates rose significantly from the previous year for the application of the electronic trading

system on a volume of 3.1 billion pounds compared with 2.6 billion pounds in the previous year, and the number of transactions jumped from 7,870 contracts in the previous year to 12,719 contracts this year.

in the year 2013:• Trading volume continued to rise over the previous year where it reached 3.9 billion pounds

compared to 2.6 billion pounds in the year 2012 as the number of contracts executed a significant increase from 12,719 in the year 2012 to 16,435 in the year 2013.

• Signing of a memorandum of understanding with the National Council for Press and Publications.• Start the second stage of electronic trading.• The inclusion of a two companies during this year (Al barka financial services and Alslam hospital

company LTD).

ANNUAL REPORT 2013

13

Market statistics

14

Activity2004

20052006

20072008

20092010

20112012

2013

Primary M

arket

Vamue of Issues

2,170,000,0001,049,466,651

4,130,000,0004,225,345,625

5,887,484,2257,498,649,587

11,578,950,16813,232,042,415

15,284,968,55515,171,000,000

Secnodary Markt

No. of Listed com

pnay48

4951

5353

5355

5659

60

No. N

utual funds listed 6

9 16

19 28

34 25

25 26

27

No. of Treaded Certificates42

4233

2128

3445

4542

45

Market Capitalization

3,689,881,596 7,473,268,351 9,312,418,797 10,305,290,987 8,131,776,590 7,589,316,950 6,391,200,061 7,062,982,659

9,634,988,64511٫188٫777٫913

No. of Shares traded

2,185,994,4881,731,670,402

7,564,875,9029,406,825,010

281,609,805164,712,836

166,548,512106,512,121

172,580,58580,857,419

No. Sukuk traded

30,790 845,830

1,433,400 2,717,193.00

4,977,907.00 4,228,900.00

1,791,114.00 7,333,445.00

5,793,5751,447,341

No. of Certificates

102,108308,083

1,472,3512,016,530

2,421,0553,417,714

4,056,9063,892,066

5,116,6236,983,324

No. (Certificates + funds) traded

132,898 1,153,913

2,905,751 4,733,723

7,398,962 7,646,614

5,848,020 11,225,511

10,910,198 8,430,665

volume traded

447,722,9271,216,833,003

2,068,054,0211,799,635,684

1,879,185,9552,246,552,029

2,422,315,0022,562,626,975

3,073,607,1673,885,405,658

No. of contracts executed

3,534 3,673

5,842 7,195

8,569 8,069

8,266 7,870

12,719 16,435

Off floor trading

No. of Shares

791,922,370 274,366,808

188,659,120 89,680,785

12,600,742 3,473,469

3,803,710 41.306.712

259,497,440 22,633,359

Market Value

9,872,30533,080,340

92,742,2924,971,638

18,449,7094,465,403

6,660147,201,836

107,928,1507,293,785,384

The Activity of priarm

y & secondary M

arkets by Sector from 2004 to 2013

ANNUAL REPORT 2013

15

• Frist : Share

The primary market witnessed the admission of 9 existing companies to increase their capital in 2013 where the numbers of shares issued reach 255,640,344 shares with total value of more than 168 million Sudanese pounds. it also approved the establishment of 4 companies through the year 2013, where the number of shares issued reach 1,315,000 shares with value of 2,710,000 Sudanese pounds.1/ the existing companies:

Table (1)

Company name Number of shares issued Share value Value of premium Total value of issued

Alshamal Islamic bank 24,995,832 1 0 24,995,832

Farmers commercial bank 93,483,922 1 0.28 119,659,420.60

Workers national bank 14,303,600 1 0 14,303,600

General insurance 2,000,000 1 0 2,000,000

Watania co-operative insurance 7,285,674 1 0 7,285,674

Assalama insurance 351,986 10 0 3,519,860

National leasing & investment 56,781 100 26 7,154,406

Al nile bank for trade &development 107,189,549 0.10 0 10,718,954.90

Expatriate company LTD for education, technology andscientific research

6,000,000 1 0 6,000,000

2/ The new company:

Table (2)

Company name Number of shares issued Share value Value of premium Total value ofissued

Mem financial transfer co.ltd 1,250,000 1 1,180,000 1,180,000

Alameer for exchange co.ltd 100,000 1 30,000 30,000

Dubai exchange co.ltd 4,000,000 10 100,000 1,000,000

Easy transfer for finance service 2,000,000 100 5,000 500,000

The Primary market

16

second : The instruments

1/shahama certificates:

The total certificates that issued during the year 2013 were amounted to 28 million certificates with total value 14 million Sudanese pounds and it distributed among the following categories:Table (3)

category Number of certificates (Value(million pounds %

Central bank of Sudan 6,123,252 3,061.63 21.67%

Commercial banks 12,179,898 6,089.95 43.10%

Institutions, funds and committees 6,344,081 3,172.04 22.45%

individual 3,615,445 1,807.72 12.79%

total 28,262,676 14,131.34 100%

(Source: Report issued by Sudan Financial Services Company)2/Instruments of government:

The numbers of instruments of government investment issued during the year 2013 were 8.4 million instruments with total value 841 million Sudanese pounds and it distributed among the following categories:

Table (4)

category Number of certificates (Value(million pounds %

Central bank of Sudan 4,874,886 467.55 55.57%

Commercial banks 652,362 85.18 10.12%

Institutions, funds and committees 2,237,076 223.71 26.59%

individual 648,923 64.89 7.71%

total 8,413,247 841.33 100%

(Source: Report issued by Sudan Financial Services Company)

ANNUAL REPORT 2013

17

the secondary market

A/ comparison between 2013 & 2012 in trading activity:

This period witnessed the raise in some trading indictors, where there are increase in Khartoum index, market capitalization, number of contracts executed, number of certificate traded and trading volume. Also there has been a decreased in both the number of shares traded and the number of instruments traded, the numbers of listed companies remain the same and the table below illustrates that:Table (5)

%Year 2012Year 2013statement115.6%2,748.263,178.07Khartoum index116%9,634,988,64511٫188٫777٫913Market capitalization47%172,580,58580,857,419Number of shares traded25%5,793,5751,447,341Number of instruments traded

137%5,116,6236,986,324Number of certificates traded26.4%3,073,607,1673,885,405,658Total trade volume

119.9%13,71916,435Number of contracts executed99٫2%251249Number of trading day103%5860Number of listed companies39٫5%2.2%0.87%Turnover ratio

Average daily traded46٫9%693,095324,729Number of shares traded25%23,2675,813Number of instruments traded

136%20,54928,045Number of certificates traded120%5566Number of contracts executed126%12.215.6Trading volume

18

Off floor tradingThe off floor trading Includes transfers out of the Trading Hall, Family transfers of, branches and relatives to the third degree and Inheritance transfers in addition to the transfers which are outside Sudan. And transfers are made outside the hall, through the Department of Legal Affairs.

The total value of shares that have been transferred out of the room in the year 2013 was (22,633,359) shares worth a total 7.293 million pounds.

Transfers of the year 2013 included:• The amount of (46,573,964.51) pounds which represent Inheritance transfers with a

value (1,100,211) shares, • (19,476,688) shares valued at (7,246,344,802.53) pounds is a family remittances, • (2,056,420) shares valued at (866,596.88) pounds transfers from outside the Sudan, • (40) Shares valued at (19.30) pounds from Conversions Governing Council resolution.

The Third market

ANNUAL REPORT 2013

19

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5,72

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613,

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351,

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45,4

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1,73

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1,56

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7,

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20

First: ABU DABAI MARKET - The Sudan Telecommunication Co. (SUDATEL) was listed in Abu Dhabai in 2003. - The total market shares transferred from KSE to Abu Dhabai market (15,554,821) shares

were transferred in 24 transfer requests. - The total market shares transferred from market Abu Dhabai to KSE (47,759) shares were

transferred in 5 transfer request. -The total shares deposited till 31/12/2013 as follows:-

%Number of Shares depositedName of exchange

71.37%802,888,592KSE

28.63%322,014,547ABu DHABAI Securities Market

Second: DUBAI FINANCIAL MARKET - AL Salam Bank was listed in 2008. - The total market shares transformed from KSE to DFM (83,868) shares were transferred in 5

transfer requests - The total market shares transformed from DFM to KSE in the year 2013 (0) shares. - The total shares deposited till 31/12/2013 as follows:-

%Number of Shares depositedName of exchange

31.76%36,686,573KSE

68.24%78,813,427DFM

Activity OF CROSS LISTED COMPANY’S TRANSFERS

ANNUAL REPORT 2013

21

Market capitalization (or market value) of the Companies is the number of outstanding shares multiplied by their market value at the end of the specified period of time. The market value of companies listed in Khartoum Stock Exchange SDG (11.188) billion pounds by the end of 2013, compared to (9.63) billion in 2012.

The market values of the share of companies listed in the secondary market for the year 2013 are classified in parts as:

Sectors name Market value ) %

banks 7,124,851,067 64%

insurance 194,206,937 2%

commercial 343,775,377 3%

industrial 151,667,489 1%

agricultural 223,200,974 2%

Communication & media 2,875,663,344 26%

Financial services 108,986,682 1%

Investment & development 166,449,042 1%

total 11,188,777,913 100%

Market Capitalization

banks

insurance

commercial

industrial

agricultural

Communication & media

Financial services

Investment & development

A chart Showing the Capitalization Market for Companies listed in 2013 Sectoral

22

Market Capitalization

31/12/2013 values in Sudanese POUND

COMPANYS NAME TOTAL ASSETS SHARE HOLDERSEQUITY PAID CAPITAL CAPITALIZATION CLOSING

PRICE NOMINAL

VALUE OUTSTANDING

SHARES to the Total

EXPORT DEVELOPMENT BANK 389,982,601 51,215,147 60,000,000 54,000,000 0.09 0.10 600,000,000 0.48

TADAMON ISLAMIC BANK 1,025,474,160 138,957,070 101,632,425 144,318,044 1.42 1.00 101,632,425 1.29

SUDANESE FRENCH BANK 1,087,073,074 90,640,714 110,116,677 285,368,596 4.15 1.50 68,763,517 2.55

SAUDISUDANESE BANK 469,776,860 19,011,760 82,370,771 658,966,168 0.40 0.05 1,647,415,421 5.89

SUDANESE ISLAMIC BANK 486,429,627 70,410,939 100,236,893 123,368,484 0.16 0.13 771,053,023 1.10

AL SHAMAL ISLAMIC BANK 544,183,041 16,278,788 125,000,000 96,250,000 0.77 1.00 125,000,000 0.86

FAISAL ISLAMIC BANK (SUDAN) 1,030,880,074 106,179,845 350,000,000 1,995,000,000 5.70 1.00 350,000,000 17.83

FARMER>S COMMERCIAL BANK 649,907,057 73,994,399 106,572,511 165,187,392 1.55 1.00 106,572,511 1.48

ANIMAL RESOURCES BANK 535,071,040 105,377,139 156,363,918 140,727,526 0.09 0.10 1,563,639,183 1.26

FINANCIAL INVESTMENT BANK 194,779,454 95,517,037 122,100,000 122,100,000 1.00 1.00 122,100,000 1.09

ISLAMIC DEVELOPMENT CO-OPERATIVE BANK 707,396,000 57,296,000 85,149,766 51,089,860 0.06 0.10 851,497,661 0.46

BANK OF KHARTOUM 1,909,076,000 238,522,000 419,099,997 425,449,997 1.34 1.32 317,499,998 3.80

OMDURMAN NATANTIONALBANK 6,289,746,512 186,931,970 800,000,000 800,000,000 10.00 10.00 80,000,000 7.15

IVORY BANK 126,808,932 20,705,289 26,966,661 8,089,998 0.30 1.00 26,966,661 0.07

BLUE NILE MASHREG BANK 356,334,415 59,387,679 177,125,115 354,250,231 3.74 1.87 94,719,313 3.17

WORKER,S NATIONAL BANK 227,219,000 59,240,000 125,696,399 100,557,119 0.80 1.00 125,696,399 0.90

ALSLAM BANK 818,709,277 304,921,021 288,750,000 254,100,000 2.20 2.50 115,500,000 2.27

UNITED CAPITAL BANK 388,639,529 256,866,052 240,000,000 297,600,000 12.40 10.00 24,000,000 2.66

BYBLOS BANK AFRICA 456,222,435 95,292,587 105,000,000 152,700,000 10.18 7.00 15,000,000 1.36

SUDANESE EGYPTION BANK 113,460,804 135,018,357 1.19 1.00 113,460,804 1.21

ALJAZEERA SUDANESEJORDANIAN BANK 167,812,043 439,585,692 5.37 2.05 81,859,533 3.93

ALBARAKA BANK(SUDAN) 411,000,000 108,123,603 3.50 3.50 30,892,458 0.97

Sudanese National Bank 150,000,000 213,000,000 710.00 500.00 300,000 1.90

BANKING SECTOER TOTAL 17,693,709,088 2,046,745,436 4,424,453,981 7,124,851,066.72 7,333,568,907 60.81

GENERAL INSURANCE 219,473,090 21,834,128 50,000 50,000 0.01 0.01 5,000,000 0.00

WATANIA CO-OPERATIVE INSURANCE 7,233,924 1,275,203 7,291,603 17,135,267 2.35 1.00 7,291,603 0.15

THE SUDANEESE INSURANCE&RE- INS 39,022,410 1,901,699 1,500,000 1,500,000 5.00 5.00 300,000 0.01

EL NILEIN INSURANCE 4,157,915.64 2,174,124.14 6,000,000 4,500,000 0.75 1.00 6,000,000 0.04

THE BLUE NILE INSURANCE 20,545,275 6,179,586 6,000,000 3,000,000 0.50 1.00 6,000,000 0.03

THE NATIONAL RE-INSURANCE 55,230,083 6,694,330 503,050 11,821,670 2.35 0.10 5,030,498 0.11

ASSALAMA INSURANCE 15,473,212 1,111,645 5,000,000 5,000,000 10.00 10.00 500,000 0.04

JOBA INSURANCE 27,853,776 1,016,153 12,000,000 151,200,000 31.50 2.50 4,800,000 1.35

INSURANCE SECTOER TOTAL 388,989,686 42,186,868 38,344,653 194,206,937.35 34,922,101 1.74

ANNUAL REPORT 2013

23

31/12/2013 values in Sudanese POUND

THE GUM ARABIC 162,815,623 87,520,952 10,375,329 9,441,549 0.91 1.00 10,375,329 0.08

SUDAN OIL SEEDS 65,022,850 24,021,210 6,000 6,000 0.01 0.01 600,000 0.00

KARMA TRADING 5,453,978 322,076 929 929 0.01 0.01 92,903 0.00

COMMERCIAL BAKERYS 30,000 3,000 0.01 0.1 300,000 0.00

SUDANESE FREE ZONES ANDMARKETS CO. 933,563,720 782,394,380 287,000,000 243,950,000 8.50 10.00 28,700,000 2.18

TAGSEET CO. LTD 181,305,888 117,136,549 3,440,070 894,418 2.60 10.00 344,007 0.01

MZK SHOPPING 111,947,120 69,863,522 89,479,480 89,479,480 10.00 10.00 8,947,948 0.80

COMMERCIAL SECTOER TOTAL 1,460,109,179 1,081,258,689 390,331,808 343,775,376.62 49,360,187 3.07

THE NATIONAL PETROLEUM 27,145,591 17,284,380 16,473,300 14,825,970 1.80 2.00 8,236,650 0.13

NILE CEMENT CO 226,230,367 158,913,150 145,576,085 136,841,519 0.47 0.50 291,152,169 1.22

INDUSTRIAL SECTOER TOTAL 253,375,958 176,197,530 162,049,385 151,667,489.43 299,388,819 1.36

AGRICULTURAL SERVICES 4,139,710,311 2,071,926,061 1,356,620 1,356,620 10.00 10.00 135,662 0.01

SUDANESE ANIMAL RESOURSES(ANAAM) 169,568,713 130,173,303 866,090 866,090 1.00 1.00 866,090 0.01

TALA INVESTMENT CO LTD 227,731,078 227,092,197 220,978,264 220,978,264 1.00 1.00 220,978,264 1.97

AGRICULTURAL SECTOER TOTAL 4,537,010,102 2,429,191,561 223,200,974 223,200,974.00 221,980,016 1.99

THE SUDAN CINEMA 606,710 184,493 7,254 1,450,880 20.00 0.10 72,544 0.01

SUDAN TELECOM.CO. LTD.(SUDATEL) 2,596,771,852 1,755,500,826 1,721,101,803 2,868,503,004 2.55 1.53 1,124,903,139 25.64

ALRIY-ALAAM-PRESSANDPUPLISHING 246,261,079 129,420,504 4,000,000 4,120,000 1.03 1.00 4,000,000 0.04

MULTY MEDIA CO.LTD 75,918,085 24,519,894 1,050,000 1,050,000 1.00 1.00 1,050,000 0.01

PORTSUDAN FOR CINEMA&THEATRE 1,289,616 1,206,373 9,990 539,460 0.54 0.01 999,000 0.00

COMMUNICATIONS SECTOR TOTAL 2,920,847,342 1,910,832,090 1,726,169,047 2,875,663,344.45 1,131,024,683 25.70

ALHIJRA EXCHAHNGE CO.LTD 1,962,726 1,815,177 408,000 612,000 0.15 0.10 4,080,000 0.01

GLOBAL INVESTMENT HOUSE (SUDAN) 70,718,493 68,544,464 60,000,000 75,000,000 12.50 10.00 6,000,000 0.67

ALSAHAM FOR FINANCIALSERVICES 1,811,559 1,713,587 1,650,000 1,504,800 2.28 2.50 660,000 0.01

ALMOHAGER FOR FINANCIALSERVICES 13,000,361 5,937,975 6,250,000 8,125,000 0.13 0.10 62,500,000 0.07

Al_rowad for financial service 15,622,152 15,622,152 1.00 1.00 15,622,152 AL BARAKA FOR FINANCIALSERVICES 8,099,730 8,099,730 1.00 1.00 8,099,730

SERVICES SECTOR TOTAL 87,493,139 78,011,203 68,308,000 108,963,682.00 96,961,882 0.76

ISLAMIC DEVELOPMENT 117,834,000 72,951,000 14,803,827 16,566,187 0.47 0.42 35,247,206 0.15

ALMOHAGER INTERNATIONALFOR INVESTMENT 12,210,469 3,919,485 4,632,210 5,558,652 0.12 0.10 46,322,096 0.05

SUDANESE KUWAITI ROADTRANSPORT 3,163,320 2,511,897 3,750 18,750 0.15 0.03 125,000 0.00

MODREN CONSTRUCTIONS 5,783,710 3,635,803 5,761,690 5,358,372 9.30 10.00 576,169 0.05

NATIONAL LEASING &INV.CO 34,620,700 43,622,082 126.00 100.00 346,207 0.39

ALROWD REAL ESTATEDEVELOPMENT 94,860,000 95,325,000 2.05 2.04 46,500,000 0.85

OTHERS SECTOR TOTAL 138,991,499 83,018,185 154,682,176 166,449,042.04 129,116,678 1.49

GRAND TOTAL 27,480,525,992 7,847,441,563 7,187,540,023 11,188,777,912.61 9,296,323,273 97

24

Rates of daily trading

Average daily trading is the result of dividing the sum of any of the trading indicators (number of shares, trading volume, etc…..) at the end of a given period divided by the number of trading days during the period.

In the year 2013 the number of trading day was (249) day. the average daily trading volume was SDG (15.6) billion pounds, compared with SDG (12.2) billion ponds is the average daily trading for the year 2012, the average daily trading for shares traded has reached (324,729) shares a day compared with the average (693,095) shares per day during the year 2012, for the Government Musharaka Certificates (GMCs), the average daily trading during the year (28,045) instrument per day, compared with a daily average (20,549) instrument in 2012, and the sukuk of investment funds, the average daily circulation was (5,813) instrument compared with the average daily trading reached (23,267) instrument in 2012, for contracts executed during this year has a daily average of (66) contracts per day compared to (55) contract is the average daily number of contracts executed during the year 2012.

ANNUAL REPORT 2013

25

Turnover of shares

Represents the number of shares traded relative to the number of shares Subscribed shares , which raise this year to (0.87)% compared to last year (0.02)%

The following table shows the grading of the sectors where the rate of rotation sectoral grading in term of turnover ratio:

Sectors name Turnover ratio

banks 0.17

financial servicesا 5.89

insurance 4.91

media & Communication 3.88

commercial 0.13

industrial 0.01

development & Investment 13.18

agriculture 0.00

The top ten companies in terms of turnover ratio

Turnover (%)Company name

77.73Global investment house -sudan

35.85Almohager international for investment

27.42El Nilien Insurance

18.96The Sudanese Insurance & Re-Ins

10.93Alhijra Exchange CO.LTD

banksfinancial servicesاinsurancemedia & Communicationcommercialdevelopment & Investment

Global investment house -sudan

Almohager international for investment

El Nilien Insurance

The Sudanese Insurance & Re-Ins

Alhijra Exchange CO.LTD

A chart Showing The First Five Companies in Terms of Turnover Ratio Diagram Shows The Order of Sectors in Terms of Turnover Ratio

26

The objective of the index is to measure the change that occurs on the prices of shares of companies listed in Khartoum Stock Exchange during a certain period, KSE was amounted by the Arab Monetary Fund set up equations and the formula that calculated the Khartoum Index was announced in October of 2003, which started by 1,000 points until it reached 3178.368 points at the end of December 2013.

Khartoum index from September 2003 to December 2013

Khartoum Index

MONTH 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

JANUARY

1,016.85

2,008.71

3,141.67

2,714.62

2,776.40

2,710.02

2,362.36

2,367.55 2,322.17 2,625.79

FEBRUARY

979.47

2,600.83

3,124.00

2,715.01

2,674.73

2,696.78

2,361.86

2,367.37 2,324.52 2,690.70

MARCH

943.14

3,192.51

3,126.65

2,717.05

2,859.02

2,652.55

2,361.85

2,367.90 2,487.97 2,725.56

APRIL

970.49

3,359.03

3,126.39

2,724.48

2,860.97

2,659.52

2,362.78

2,368.22 2,495.50 2,907.19

MAY

993.56

3,091.03

2,795.67

2,644.93

2,744.35

2,616.37

2,361.81

2,464.10 2,464.00 2,710.56

JUNE

941.04

2,921.18

2,949.09

2,539.36

2,824.98

2,531.87

2,363.12

2,368.41 2,440.50 2,704.94

JULY

967.17

2,805.40

2,770.98

2,551.17

2,826.81

2,589.33

2,365.29

2,368.94 2,391.87 2,605.10

AUGUST

995.95

2,978.17

2,752.01

2,474.51

2,564.79

2,539.52

2,365.29

2,435.34 2,435.34 2,617.69

SEPTEMBER 961.74

1,096.63

3,030.31

2,760.32

2,488.19

2,723.00

2,555.52

2,365.29

2,368.95 2,451.62 2,640.21

OCTOBER 972.49

1,131.34

3,247.06

2,752.06

2,542.46

2,650.00

2,396.46

2,365.25

2,369.41 2,472.09 2,641.19

NOVEMBER 978.98

1,331.29

3,163.46

2,717.17

2,789.01

2,720.65

2,363.47

2,365.67

2,368.95 2,577.80 3,028.93

DECEMBER 979.22

1,657.99

3,259.17

2,972.76

2,962.10

2,745.85

2,363.35

2,367.92

2,368.46 2,748.26 3,178.07

ANNUAL REPORT 2013

27

The sectors activity during the year 2013

28

Banking Sector

COMPANY NAME

SHARESTRADED

VOLUMETRADED

CONTRACTSEXCUTED

OPENINGPRICE

CLOSEDPRICE

SHARESTRADED TO THETOTAL

VOLUMETRADED TO THETOTAL

MARKETد

CAPITALIZATION

TURNOVER RATIO

DAYS TRADED

EXPORT DEVOLOPMENTBANK 163,239 14,691.51 1 0.09 0.09 1.30% ٫15% 54,000,000 0.03 1

TADAMON ISLAMICBANK 300,722 428,668.88 27 1.54 1.42 2.40% 4٫34٪ 144,318,044 0.30 12

SUDANESE FRENCHBANK 1,188 4,738.35 9 4.13 4.15 0.01% 0.05% 285,368,596 - 6

SAUDI SUDANESE BANK 16,368 6,811.60 4 0.4 0.4 0.13% 0.10% 658,966,168 - 3

SUDANESE ISLAMICBANK 6,165,704 986,512.64 26 0.16 0.16 49.24% 9٫98٪ 123,368,484 0.80 14

ALSHAMAL ISLAMICBANK 951,621 713,862.07 6 0.74 0.77 7.60% 7٫22% 96,250,000 0.76 5

FAISAL ISLAMIC BANK(SUDAN) 366,526 2,155,801.05 73 5.69 5.7 2.93% 21٫8٪ 1,995,000,000 0.10 48

FARMERS COMMERCIALBANK 433,734 659,205.31 25 1.43 1.55 3.46% 6٫67٪ 165,187,392 0.41 21

ANIMAL RESOURCESBANK 140,002 12,600.18 4 0.09 0.09 1.12% ٫13% 140,727,526 0.01 2

FINANCIAL INVESTMENTBANK 7,068 7,234.11 6 1 1 0.06% 0٫08 122,100,000 0.01 5

ISLAMIC DEVELOPMENTCO-OPRATIVE BANK 209,382 12,562.92 11 0.06 0.06 1.67% ٫13 51,089,860 0.02 7

BANK OF KHARTOUM 3,604,274 4,550,480.69 84 1.54 1.34 28.78% 46٫02% 425,449,997 1.14 41

OMDURMAN NATIONALBANK - - 0 10 10 0.00% 0.00% 800,000,000 -

IVORY BANK - - 0 0.3 0.3 0.00% 0.00% 8,089,998 -

JAZIRA SUDANESE JORD

1,511 7,742.33 3 5.9 5.37 0.01% 0.08% 354,250,231 - 3

BULE NILE MASHRIGBANK - - 0 3.74 3.74 0.00% 0.00% 100,557,119 -

WORKERS NATIONALBANK - - 0 0.8 0.8 0.00% 0.00% 254,100,000 0.07

ALSLAM BANK 81,818 180,030.75 4 2.3 2.2 0.65% 1٫82٪ 297,600,000 - 4

UNITED CAPITAL BANK - - 0 12.4 12.4 0.00% 0.00% 152,700,000 -

BYBLOS BANK AFRICA - - 0 10.18 10.18 0.00% 0.00% 135,018,357 0.04

SUDANESE EGYPTIONBANK 39,994 47,592.86 1 1.2 1.19 0.32% ٫49% 439,585,692 - 1

ALBARAKA BANK 38,435 100,315.35 1 3.5 3.5 0.31% 1٫04% 108,123,603 0.12 1

SUDANESE NATIONALBANK - - 0 710 710 0.00% 0.00% 213,000,000 - -

TOTAL =23 BANKS 12,521,586 9,888,851.00 285 100.00% 100% 7,124,851,067 0.17

The banking sector has witnessed Trading in the shares of 16 banks out of 23 banks which constitute the sector , the number of shares traded has reached (12,521,586) shares ,with a value of trading of SDG (9,888,851) , and the number of contracts executed in the banking sector (285) contracts, the total market capitalization of the banking sector during this year was SDG (7,124,851,066.72) compared to SDG (6,289,706,226.51) last year, also the turnover ratio of banking sector this year was 0.17%.

Annual bulletin for banking Sector:

ANNUAL REPORT 2013

29

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Per

cent

age

of Tr

adin

g Vol

ume

to To

tal

Trad

ing V

olum

e

285

398

588

515

695

1,1

10 9

26 8

09 3

29 4

10N

umbe

r of C

ontr

acts

Exe

cute

d

1.70

%3.

13%

7.47

% 0

.26

8.6

1 1

2.95

12.

87 1

3.8

9.0

11.

6 P

erce

ntag

e of

Con

tact

s to

Tota

l No.

of C

ontra

cts

7,1

24,8

51,0

67.0

0 6

,289

,706

,226

.51

4,4

91,9

74,4

96.4

9 3

,427

,544

,370

3,4

34,9

58,4

75 3

,591

,900

,268

2,6

25,4

71,8

59 3

,681

,686

,085

1,3

12,6

11,1

72 2

84,8

77,7

72M

arke

t Cap

italiz

ation

64.0

0%66

.28%

0.6

4 0

.53

45.

30 4

1.10

25.

48 3

9.50

18

7.7

Per

cent

age

of M

arke

t Cap

italiz

ation

to To

tal M

arke

t Cap

italiz

ation

0.17

%2.

81%

1.31

% 3

.06

1.9

0 4

.70

26.

40 1

0.93

2.5

2 5

.26

Tur

nove

r Rati

o (%

)

30

Market Capitalization of The Banking Sector During 2004 to 2013

Shares Traded of The Banking Sector During 2004 to 2013

Volume Traded of The Banking Sector During 2004 to 2013

Contracts Executed of The Banking Sector During 2004 to 2013

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

ANNUAL REPORT 2013

31

The Insurance sector

the Insurance sector witnessed trading of shares of 3 companies out of 8 companies that made up the sector where the number of shares traded in the insurance sector was (1,714,813) shares with a trading value of SDG (1,636,697) have been implemented in (32) contract, the total market capitalization of the insurance sector was SDG (194,206,937.35), and the turnover ratio for the insurance sector was 4.91%

COMPANYNAME

SHARESTRADED

VOLUMETRADED

CONTRACTSEXCUTED

OPENINGPRICE

CLOSEDPRICE

SHARESTRADED TO THETOTAL

VOLUMETRADED TO THETOTAL

MARKET CAPITALIZATION

TURNOVER

RATIO

DAYS TRADED

GENERALINSURANCE - - - 0.01 0.01 0.00% 0.00% 50,000 - -

TAAWUNIYINSURANCE CO. - - - 1 1 0.00% 0.00% 17,135,267 - -

THE SUDANESE INSURANCE &RE-INSURANCE

56,874 441,465.00 6 5 5 3.32% 27% 1,500,000 18.96 6

EL NILEININSURANCE 1,644,939 1,188,731.75 19 0.75 0.75 95.93% 72.6% 4,500,000 24.42 10

THE BULE NILEINSURANCE 13,000 6,500.00 7 0.5 0.5 0.76% 0.4% 3,000,000 0.22 4

THE NATIONALRE-INSURANCE - - - 2.35 2.35 0.00% 0.00% 11,821,670 - -

ALSSLAMAINSURANCE - - - 10 10 0.00% 0.00% 5,000,000 - -

JUBAINSURANCE CO. - - - 31.5 31.5 0.00% 0.00% 151,200,000 - -

TOTAL=8COMPANIES 1,714,813.00 1,636,697.00 32 100.00% 100% 194,206,937 4.91

32

The Activity of Insurance Sector In both (Prim

ary & Secondary) M

arkets During the period of (2004-2013)

Activity2004

20052006

20072008

20092010

20112012

2013

Primary M

arket

Value of Established Companie>s issues

- -

2,146,784 -

2,146,774.50 -

- 5,250,000

2,487,500 12,805,534

Value of Newly Established Com

panie>s Issues -

- -

- -

- -

- -

-

Secondary Market

Num

ber of Listed Companies

9 9

8 8

8 8

8 8

8 8

Num

ber of Traded 3

3 2

4 2

5 4

5 3

3

Num

ber of Shares Traded 7,380

2,091 1,797

8,039,661 77,964

168,890 133,891

1,396,316 94,234

1,714,813

Percentage of Shares to total shares Traded -

- -

0.09 0.03

0.100.08%

1.31%0.05%

2.12%

Volume Traded

3,709.60 5,300.60

5,912.36 1,906,365

1,846,578 139,382.50

67,735.60 35,473,425.95

86,282.00 1,636,697.00

Percentage of Trading Volume to Total Trading Volum

e -

- -

0.11 0.10

0.01 0.04

1.38%0.00%

0.04%

Number of Contracts Executed

4 11

5 9

2 18

16 22

9 32

Percentage of Contacts to Total No. of Contracts

0.1 0.3

0.1 0.13

0.02 0.22

0.190.28%

0.07%0.19%

Market Capitalization

6,959,877 6,959,877

11,807,196 26,327,786

11,441,660 15,139,905

87,234,974 151,475,000.05

151,975,600.05 194,206,937.00

Percentage of Market Capitalization to Total

Market Capitalization

0.1 -

0.13 0.26

0.13 0.20

0.54 2.14

1.58%2.00%

Turnover Ratio (%)

0.04 0.01

0.02 5.16

0.87 1.65

1.028.38%

0.53%4.91%

ANNUAL REPORT 2013

33

Market Capitalization Of The Insurance Sector During 2004 to 2013

Contracts Executed Of the Insurance Sector During 2004 to 2013

Shares Traded Of The Insurance Sector During 2004 to 2013

Volume Traded Of The Insurance Sector During 2004 to 2013

2007200620052004 2008 2009 20112010 2012 2013

2007200620052004 2008 2009 20112010 2012 2013

2007200620052004 2008 2009 20112010 2012 2013

2007200620052004 2008 2009 20112010 2012 2013

34

The commercial sector this year has witnessed trading in shares of only 2 companies out of 7 companies that made up the sector, where the total shares traded in this sector was (66,025) shares with a trading value reached SDG (519,105) which executed in (40) contracts, the turnover ratio of the commercial sector has reached 0.13%. The market capitalization for the commercial sector was SDG (343٫775٫376٫62).

Annual bulletin for commercial Sector

COMPANY NAME

SHARESTRADED

VOLUMETRADED

CONTRACTSEXCUTED

OPENINGPRICE

CLOSEDPRICE

SHARESTRADED TO THETOTAL

VOLUMETRADED TO THETOTAL

MARKET

CAPITALIZATION

TURNOVER RATIO

DAYS TRADED

THE GUM ARABIC 5.518 513,889.10 8 0.88 0.91 8.36% 99% 9,441,549 0.05 4

SUDAN OIL SEEDS 0 - 0 0.01 0.01 0.00% 0.00% 6,000 - -

KARMA TRADING CO. 0 - 0 0.01 0.01 0.00% 0.00% 929

- -

COMMERCIAL BAKERIES 0 - 0 0.00% 0.00% 3,000 - -

SUDANESE FREE ZONESAND MARKET CO. 60.507 5,215.70 32 8.5 8.5 91.64% 11

% 243,950,000 0.21 12

TAGSEETS CO.LTD 0 - 0 2.6 2.6 0.00% 0.00% 894,418 - -

MZK SHOPPING 0 - 0 10 10 0.00% 0.00% 89,479,480 - -

TOTAL=7 COMPANIES 66,025 519,105.00 40 100% 100% 343,775,376 0.13

The Commercial Sector:

ANNUAL REPORT 2013

35

Acti

vity

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

Prim

ary

Mar

ket

Val

ue o

f Est

ablis

hed

Com

pani

es is

sues

- -

- -

- -

- -

- -

Valu

e of N

ewly

Esta

blish

edCo

mpa

nies

Issu

es -

100

,000

,000

- -

- -

- 3

5,28

5,58

0 -

-

Sec

onda

ry M

arke

t

Num

ber o

f List

ed C

ompa

nies

7 7

8 7

7 7

7 7

7 8

Num

ber o

f Tra

ded

3 3

4 4

3 3

2 4

2 2

Num

ber o

f Sha

res

Tra

ded

650

,938

,699

848

,004

,847

316

,016

,136

22,

604,

652

908

,726

1,4

79,9

69 2

13,4

96 1

09,2

18 6

2,70

466

,025

Per

cent

age

of S

hare

s to

tota

l sha

res T

rade

d 2

9.78

49

4.1

8 0

.24

0.3

2 0

.90

0.1

30.

10%

0.04

%0.

08%

Vol

ume

Trad

ed 3

9,29

0,11

7.41

18,

309,

531.

16 2

2,31

3,40

3.86

21,

956,

561.

20 6

,189

,760

.55

15,

117,

244

501

,172

215

,954

.33

378

.964

.52

519,

105

Per

cent

age

of T

radi

ng V

olum

e to

Tota

l T

radi

ng V

olum

e 8

.8 1

.5 1

.1 1

.2 0

.30

0.7

0 0

.020

0%0%

0%

Num

ber o

f Con

trac

ts E

xecu

ted

222

429

248

76

90

28

24

23

22

40

Per

cent

age

of C

onta

cts t

o To

tal N

o. o

f Con

trac

ts 6

.3 1

1.7

4.2

1.0

6 1

.05

0.3

5 0

.29

0.29

%0.

17%

0.24

%

Mar

ket C

apita

lizati

on 9

82,0

54,6

71 3

09,4

31,9

92 7

87,4

39,3

95 7

55,5

84,0

78 3

92,1

36,8

15 4

12,9

11,8

38 3

76,4

31,8

38 3

87,9

35,9

17 3

41,9

12,1

64 3

43,7

75,3

77

Per

cent

age

of M

arke

t C

apita

lizati

on to

Tota

l M

arke

t Cap

italiz

ation

26.

6 4

8.4

6 7

.33

4.5

9 5

.40

5.7

3 5

.49

3.55

%3.

00%

Tur

nove

r Rati

o (%

) 6

.3 8

.2 3

16.

14 1

.96

3.1

9 0

.43

0.22

%0.

13%

0.13

%

The

Act

ivit

y of

Com

mer

cial

Sec

tor

in B

oth

(Pri

mar

y &

Sec

onda

ry)

Mar

kets

dur

ing

the

year

(20

04 -

201

3 )

36

2007200620052004 2008 2009 20112010 2012 2013

2007200620052004 2008 2009 20112010 2012 2013

2007200620052004 2008 2009 20112010 2012 2013

2007200620052004 2008 2009 20112010 2012 2013

Market Capitalization Of The Commercial Sector During 2004 to 2013

Shares Traded Of The Commercial Sector During 2004 to 2013

Contracts Executed Of The Commercial Sector During 2004 to 2013

Volume Traded Of The Commercial Sector During 2004 to 2013

ANNUAL REPORT 2013

37

COMPANY NAME

SHARESTRADED

VOLUMETRADED

CONTRACTSEXCUTED

OPENINGPRICE

CLOSEDPRICE

SHARESTRADED TO THETOTAL

VOLUMETRADED TO THETOTAL

MARKET CAPITALIZATION

TURNOVER RATIO

DAYS TRADED

THE NATIONALPETROLEUM - 0 0 1.8 1.8 0.00% 0.00% 14,825,970 -- -

NILE CEMENT-RABAK 30,820 15,026.74 2 0.47 0.47 100.00% 100 % 136,841,519

0.01

2

TOTAL=2COMPANIES 30,820 15,026.74 2 100% 100% 151,667,489 0٫01

The Industrial Sector

The shares traded in this sector reached (30,820) shares with the value of trading of SDG (15,027), It has been trading of shares of a single company through two transactions. The total market capitalization of the industrial sector was SDG (151,667,490) and the turnover ratio in the industrial sector was 0.01%.

38

The Activity of Industerial Sector in B

oth (Primary &

Secondary) Markets D

uring The Period of (2004- 2013)

Activity2004

20052006

20072008

20092010

20112012

2013

Primary M

arket

Value of Established Companie>s issues

- -

- -

- -

- -

- -

Value of Newly Established Com

panie>sIssues

100,000 -

- -

- -

- -

- -

Secondary Market

Num

ber of Listed Companies

3 3

2 2

2 2

2 2

2 2

Number of Traded

2 2

2 2

2 2

2 2

2 1

Number of Shares Traded

21,672,161 21,501,014

28,036,346 2,056,009

1,007,176 39,363,432

2,885,562 13,616,808

131,317 30,820

Percentage of Shares to total shares Traded

1 1.2

0.37 0.02

0.36 23.9

1.7312.78%

0.08%0.04%

Volume Traded

38,957,758.26 48,200,425.88

57,013,691.18 4,021,480.70

775,407.62 25,396,730.47

1,999,346.85 8,746,419.80

(219.509.59 ) 15,027.00

Percentage of Trading Volume to Total

Trading Volume

8.70 4

2.8 0.2

- 1.1

1.090.30%

0.01%0.00%

Number of Contracts Executed

32 52

88 55

102 51

26 26

13 2

Percentage of Contacts to Total No.

of Contracts 0.90

1.4 1.5

0.76 1.19

0.63 0.31

0.33%0.10%

0.01%

Market Capitalization

100,600,262 59,227,420

119,163,105 390,383,760

157,165,956 126,237,914

132,247,781 218,525,717

156,392,313 151,667,489

Percentage of Market Capitalization to

Total Market Capitalization

0.2 1

1.28 3.79

1.84 1.70

2.16 3.09

1.62%1.00%

Turnover Ratio (%)

66.7 66.2

53.3 1.2

0.59 22.98

1.664.56%

0.04%0.01%

ANNUAL REPORT 2013

39

Market Capitalization Of The Industrial Sector During 2004 to 2013

Shares Traded Of The Industrial Sector During 2004 to 2013

Contracts Executed Of The Industrial Sector During 2004 to 2013

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Volume Traded of the Industrial Sector During 2004 to 2013

40

The Agricultural Sector

The agricultural sector absent from this years trading; the total market capitalization of the Agricultural sector was SDG (223,590,714.50).

Annual bulletin for Agricultural Sector

COMPANY NAME SHARESTRADED VOLUME

TRADEDCONTRACTS

EXCUTED OPENING

PRICE CLOSED

PRICE

SHARESTRADED TO THETOTAL

VOLUMETRADED TO THETOTAL

MARKET CAPITALIZATION

TURNOVER RATIO

DAYS TRADED

AGRICULTURALSERVICES

- 0 10 10 1,356,620 - -

SUDANESE ANIMAL RESOURCES(ANAAM)

- - 0 1 1 866,090 - -

TALA INVESTMENTCO.LTD

- - 0 1 1 220,978,264 - -

TOTAL=3COMPANIES - - 0 1 1 223,200,974 -

ANNUAL REPORT 2013

41

Act

ivit

y in

Agr

icul

trua

l sec

tor

Dur

ing

the

peri

od (

200

4-20

13)

Acti

vity

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

Prim

ary

Mar

ket

Valu

e of

Esta

blish

ed C

ompa

nie>

s iss

ues

- -

- -

- -

- -

- -

Valu

e of

New

ly E

stab

lishe

d aI

ssue

s 1

,350

,000

145

,000

85,

008,

716

- -

- -

- -

-

Seco

ndar

y Mar

ket

Num

ber o

f List

ed C

ompa

nies

2 2

2 3

3 3

3 3

3 3

Num

ber o

f Tra

ded

- -

- 1

2 -

1 1

- -

Num

ber o

f Sha

res T

rade

d -

- -

43,

500

67,

900

- 7

,050

80

- -

Per

cent

age

of Sh

ares

to to

tal s

hare

s Tra

ded

- -

- -

0.0

2 -

-0.

00%

0.00

%0.

00%

Vol

ume

Trad

ed -

- -

47,

850.

00 8

3,70

7.50

- 7

,060

.00

800

.00

- -

Per

cent

age

of T

radi

ng V

olum

e to

Tota

l T

radi

ng V

olum

e -

- -

- -

- -

0.00

%0.

00%

0.00

%

Num

ber o

f Con

trac

ts E

xecu

ted

- -

- 3

14

- 2

1 -

-

Per

cent

age

of C

onta

cts t

o To

tal N

o. o

f Con

tract

s -

- -

0.0

4 0

.16

- 0

.02

0.01

%0.

00%

0.00

%

Mar

ket C

apita

lizati

on 3

,003

,556

3,0

03,5

56 3

,017

,716

246

,103

,642

34,

149,

513

267

,482

,025

223

,286

,373

223

,286

,373

223

,286

,373

223

,200

,974

Per

cent

age

of M

arke

t Cap

italiz

ation

to To

tal

Mar

ket C

apita

lizati

on 0

.1 -

0.0

3 2

.39

0.4

0 3

.50

3.6

3 3

.16

2.32

%2.

00%

Turn

over

Rati

o (%

) -

- -

0.0

0.2

5 -

-0.

00%

0.00

%0.

00%

42

Market Capitalization Of The Agricultural and Media Sector During 2004 to 2013

Shares Traded Of The Agricultural and Media Sector During 2004 to 2013

Contracts Executed Of The Agricultural and Media Sector During 2004 to 2013

Volume Traded Of The Agricultural and Media Sector During 2003 to 2013

2004 2005 2006 2007 2008 2009 2010 2011 2012

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

2004

2004

2005

2005

2006

2006

2007

2007

2008

2008

2009

2009

2010

2010

2011

2011

2012

2012

2013

2013

2013

ANNUAL REPORT 2013

43

The telecommunications sector witnessed trading in the shares of two companies out of 5 companies made up the sector where the number of shares traded was (43,840,502) which represent 54% of the total shares traded with a value of SDG (95,932,255) implemented through (239) contracts , The total market capitalization of the telecommunications sector was SDG (2,875,663,344٫45), which represents the second largest sector in term of market capitalization after banking and investment sector, and the turnover ratio in this sector was 3.88%.

Telecommunications and media Sector

COMPANYNAME

SHARESTRADED

VOLUMETRADED

CONTRACTSEXCUTED

OPENINGPRICE

CLOSEDPRICE

SHARESTRADED TO THETOTAL

VOLUMETRADED TO THETOTAL

MARKET CAPITALIZATION

TURNOVER RATIO

DAYS

TRADED

THE SUDAN CINEMA 3 57.00 1 20 19 0.1% 0.00% 1,450,880 0.00 1

SUDANTELECOM .CO.LTD (SUDTEL)

43,840,499 95,932,198.25 238 2.28 2.55 99.9% 45.70% 2,868,503,004 3.90 120

ALRAY-ALAAM PRESS ANDPUBLISHING

- - - 1.03 1.03 0.00% 0.00% 4,120,000 -

-

MULTIY MEDIACO.LTD - - - 1 1 0.00% 0.00% 1,050,000

-

-

PORTSUDAN CINEMA &THEATRE

- - - 0.00% 0.00% 539,460 -

-

TOTAL=5COMPANIES 43,840,502 95,932,255.00 239 100.00% 100% 2,875,663,344 3.88

44

The Activity of Telecom

munication &

Media Sector in B

oth (Primary &

Secondary) Markets D

uring the Period of (2004- 2013)

Activity2004

20052006

20072008

20092010

20112012

2013

Primary M

arket

Value of Established Companie>s issues

- 1,100,000,000.0

- 3,000,000.00

- -

-0.00%

0.00%0.00

Value of New

ly Established Companie>s Issues

- -

- -

- -

- -

- -

Secondary Market

Num

ber of Listed Companies

5 5

5 5

5 5

5

Num

ber of Traded 3.00

3.00 3.0

2.00300.00%

100.00%3.00

Num

ber of Shares Traded 88,573,615

78,149,528 36,582,986

12,495,522 21,841,768

5,824,185 5,709,681

Percentage of Shares to total shares Traded 0.94

27.75 22.2

7.5020.51%

3.37%7.06%

Volume Traded

432,185,329.99 320,086,262.73

122,516,128.80 23,230,039.90

32,148,392.15 8,201,071.89

23,570,669.00 Percentage of Trading Volum

e to Total Trading Volum

e 24.00

17.00 5.0

12.701.00%

0.30%0.61%

Num

ber of Contracts Executed 1,783

1,450 974

542 436

185 23

Percentage of Contacts to Total No. of Contracts 24.78

16.92 12.1

6.565.54%

1.45%0.14%

Market Capitalization

6,082,250,391 4,235,087,108

3,212,665,534 1,924,653,883

1,354,360,530 2,245,787,287

2,875,663,344 Percentage of M

arket Capitalization to Total M

arket Capitalization 59.02

49.60 42.3

31.461918.00%

23.31%26.00%

Turnover Ratio (%)

9.8 8.7

3.7 1.26

2.21%0.52%

3.88%

ANNUAL REPORT 2013

45

Market Capitalization Of The Telecommunications and Media Sector During 2007 to 2013

Shares Traded Of The Telecommunications and Media Sector During 2007 to 2013

Contracts Executed Of The Telecommunications and Media Sector During 2007 to 2013

Volume Traded Of The Telecommunications and Media Sector During 2007 to 2013

2007 2008 2009 2010 2011 2012 2013

2007 2008 2009 2010 2011 2012 2013

2007 2008 2009 2010 2011 2012 2013

2007 2008 2009 2010 2011 2012 2013

46

Investment and development sector

This sector has the largest proportion in term of turnover ratio, where the ratio Is reach 13.18% (due to the trading of almuhager international for investment shares).The number of shares traded in this sector was (17٫419٫862) shares with a value of SDG (2,512,166), the number of contracts executed amounted to (61) contracts where the shares of 5 companies out of 7 companies were traded. The total market capitalization of this sector was SDG (166٫449٫042٫04).

COMPANY NAME

SHARESTRADED

VOLUMETRADED

CONTRACTSEXCUTED

OPENINGPRICE

CLOSEDPRICE

SHARESTRADED TO THETOTAL

VOLUMETRADED TO THETOTAL

MARKET

CAPITALIZATION

TURNOVER RATIO

DAYS TRADED

ISLAMICDEVELOPMENT

221,714

102,030.33

11 0.47 0.47 1.31% 4.07%

16,566,187

0.63

9

NATIONALLEASING & INV.CO

458

54,822.60

1 126 126 0.01% 2.19%

43,622,082

0.13

1

ALMUHAGER INTERNATIONALFOR INVESTMENT

16,607,820

1,992,938.40

32 0.12 0.12 95.3% 79.34%

5,558,652 35.85 9

SUDANESE KUWAITI ROADTRANSPORT

-

-

- 0.15 0.15 0.00% 0.00%

18,750

- -

MODRENB CONSTRUCTIONCO.LTD

-

-

- 9.3 9.3 0.00% 0.00%

5,358,372

- -

ALROWAD FOR REAL STATEDEVELOPMENT

144,000

295,200.00

10 2.05 2.05 0.08% 8.41%

95,325,000

0.31

4

ALHIJIRA EXCHANGESCO.LTD

445٫870 67174٫25 7 1.51 0.15 2.6 2.86% - 0.11 4

TOTAL=7COMPANIES 16,973,992 2,444,991.33 54 100.00% 100% 166,449,043 13.18

Annual Bulletin for Investment and development sector

ANNUAL REPORT 2013

47

The

Act

ivit

y of

the

Inv

estm

ent

and

deve

lopm

ent

Sect

or in

Bot

h (P

rim

ary

& S

econ

dary

) M

arke

ts D

urin

g th

e Pe

riod

of (

2004

- 20

13)

Acti

vity

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

Prim

ary

Mar

ket

Valu

e of E

stabl

ished

Com

pani

e>s i

ssue

s -

- 2

,200

,000

.00

3,6

32,7

16.5

5 8

,649

,390

.00

- -

0.00

%0

1315

4406

.00

Val

ue o

f New

ly E

stab

lishe

dCo

mpa

nie>

s Is

sues

3,1

00,0

00 1

1,00

0,00

0 5

00,0

00 -

102

,000

,000

21,

275,

000

- -

31,

516,

349

-

Seco

ndar

y Mar

ket

Num

ber o

f List

ed C

ompa

nies

11

11

13

4 4

4 5

5 5

8 N

umbe

r of T

rade

d 7

5.0

5.0

0 4

.00

3.0

0 3

.0 4

.00

4.0

0 4

4.00

Num

ber o

f Sha

res

Trad

ed 6

,978

,942

12,

657,

495

74,

477,

064

474

,972

87,

314

88,

985

5,0

99,7

90 4

,903

,605

19,

898

17٫4

19٫8

62

Per

cent

age

of Sh

ares

to to

tal s

hare

s T

rade

d

0.7

0.9

8 0

.01

0.0

3 0

.1 3

.06

0.0

50

20%

Vol

ume

Trad

ed 2

45,1

96,5

34 8

97,6

97,3

47 9

77,2

69,1

03 9

6,54

0.70

36,

779.

77 2

0,13

0.44

10,

305,

349.

03 9

,394

,032

.90

39,

433.

002٫

512٫

166

Per

cent

age

of

Trad

ing

Volu

me

to

Tota

l Tr

adin

g Vol

ume

55

73.

8 4

7.30

- -

0.0

5.6

3 0

.00

00.

06%

Num

ber o

f Con

tract

s Exe

cute

d 1

,138

1,1

80 1

,775

67

46

24

40

20

11

61

Per

cent

age

of C

onta

cts t

o To

tal N

o. o

f Con

trac

ts 3

2 3

2.1

30.

40 0

.93

0.5

4 0

.3 0

.48

0.0

00

0.73

%

Mar

ket C

apita

lizati

on 2

,402

,925

,694

5,7

83,5

91,3

51 4

,757

,065

,302

64,

700,

722

24,

968,

911

24,

577,

706

121

,552

,025

121

,552

,024

122

,877

,806

166

,449

,042

Per

cent

age

of M

arke

t Cap

italiz

ation

to To

tal

Mar

ket C

apita

lizati

on 6

5 7

7.0

51.

10 0

.63

0.2

9 0

.3 1

.99

1.7

2

1.11

%

Turn

over

Rati

o (%

) 7

10

10

0.3

0.1

0.1

4.1

2

13

.18%

48

Shares Traded of Other Sector during 2004 to 2013

Market Capitalization of Other Sector during 2004 to 2013

Contracts Executed of Other during 2004 to 2013

Volume Traded of Other sector during 2004 to 2013

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

ANNUAL REPORT 2013

49

COMPANY NAME

SHARESTRADED

VOLUMETRADED

CONTRACTSEXCUTED

OPENINGPRICE

CLOSEDPRICE

SHARESTRADED TO THETOTAL

VOLUMETRADED TO THETOTAL

MARKET

CAPITALIZATION

TURNOVER

RATIO

DAYS TRADED

ALRWAD for FINACIALSERVICES CO.LTD

- - - 1 1 0.00% 0.00% 15,622,152 -

ALHIJIRA EXCHANGESCO.LTD

- - - - - - - 612,000 - -

GLOBAL INVESTMENTHOUSE-SUDAN

4,663,811 23,425,495.00 12 12.5 12.5 81.68% 99.7% 75,000,000 77.73 6

ALBARKA FOR FINANCIALSERVICES

-

- - 1 1 0.00% 0.00% 8,099,730 -

ALSAHAM FOR FINANCIALSERVICES

-

- - 2.28 2.28 0.00% 0.00%

1,504,800

0.96

ALMOHAGER FOR FINANCIALSERVICES

600,000 78,000.00 4 0.13 0.13 10.51% 0.03%

8,125,000 0.00 2

TOTAL=6COMPANIES 5,709,681 23,570,669.00 23 100.00% 100٪ 108,963,682 5.89

There were trading in the shares of 2 companies out of 6 companies made up the sector, where the shares traded were reached (5,709,681) shares with a value of SDG (23٫503٫495) implemented through (16) contracts, and the turnover ratio of this sector was 5.89%. The total market capitalization reached SDG (108٫963٫682). Annual Bulletin for the Financial Services sector

The Brokerage Companies Sector

50

The Activity of the Financial Services Sector in B

oth (Primary &

Secondary) Markets D

uring the Period of (2004- 2013)

Activity2004

20052006

20072008

20092010

20112012

2013

Primary M

arket

Value of Established Companie>s issues

- -

10,700,467.00 3,059,921.20

11,945,480.00 3,500,000.0

-0.00%

5,718,333.600.00

Value of Newly Established Com

panie>s Issues 1,075,000

10,287,500 5,461,000

600,000 1,100,000

2,500,000 -

3,012,000 25,731,000

-

Secondary Market

Num

ber of Listed Companies

5 5

5 5

5 5

6

Num

ber of Traded 4.00

5.00 4.0

5.003.00

4.003.00

Num

ber of Shares Traded 1,995,444

5,525,794 2,003,355

1,367,233 215,736

1,266,583 5,709,681

Percentage of Shares to total shares Traded 0.02

1.96 1.2

0.820.20%

0.37%6.5%

Volume Traded

801,610.60 7,630,889.46

870,267.08 931,506.85

298,842.56 632,845.00

23,503,495.00

Percentage of Trading Volume to Total

Trading Volume

- 0.40

0.0 0.51

0.01%0.02%

0.60%

Num

ber of Contracts Executed 55

58 29

22 10

1116

Percentage of Contacts to Total No. of

Contracts 0.76

0.68 0.4

0.270.13%

0.09%0.08%

Market Capitalization

114,468,750 94,604,853

95,343,553 98,248,813

113,872,001 103,050,876

108,963,682

Percentage of Market Capitalization to Total

Market Capitalization

1.10 1.11

1.3 1.51

161.00%1.28%

1.00%

Turnover Ratio (%)

2.7 6.1

2.2 1.45

0.20%1.16%

5.89%

ANNUAL REPORT 2013

51

Market Capitalization of the Financial Services sector during 2007 to 2013

Shares Traded of Financial Services sector during 2007 to 2013

Contracts Executed of the Financial Services during 2007 to 2013

Volume Traded of the Financial Services sector during 2007 to 2013

2007 2008 2009 2010 2011 2012 2013

2007 2008 2009 2010 2011 2012 2013

2007 2008 2009 2010 2011 2012 2013

2007 2008 2009 2010 2011 2012 2013

52

COMPANY

SUKUKTRADED

VOLUME TRADED

CONTRACTSEXCUTED

OPENINGPRICE

CLOSEDPRICE

SUKUK TRADED TO THETOTAL

VOLUMETRADED TO THETOTAL

DAYS TRADED

SEVENTH - GOVERNMENT INVESTMENT SUKUK - - - 100 100 0.00% 0.00%

EIGHTH- GOVERNMENT INVESTMENT SUKUK - - - 100 100 0.00% 0.00%

SIXTH- GOVERNMENT INVESTMENT SUKUK - - - 100 100 0.00% 0.00%

NINTH- GOVERNMENT INVESTMENT SUKUK - - - 100.5 100.5 0.00% 0.00%

EAMMAR FUND - - - 10.06 10.06 0.00% 0.00%

TENTH- GOVERNMENT INVESTMENT SUKUK - - - 100.6 100.6 0.00% 0.00%

ELEVENTH- GOVERNMENT INVESTMENT SUKUK 330 33,165.00 1 100.5 100.5 0.02% ٫05٪ 1

ALWATAN GROUP INVESTMENT SECOND FUND 8,215 82,642.40 7 10.06 10.06 0.57% ٫12٪ 4

GLOBAL ESTATE FUND - - - 103.5 103.5 0.00% 0.00%

FURAT INVESTMENT FUND (1) 11,522 1,165,790.90 8 100 101.65 0.80% 1٫63٪ 6

DIVERSE INVESTMENT THIRD FUND 3,579,887.00 9 10.06 10.06 24.80% 4٫99٪ 6

13th GOVERNMENT INVESTMENT SUKUK (1) - - - 100 100 0.00% 0.00%

KHARTOUM IJARA INVESTMENT FUND - - - 10 10 0.00% 0.00%

16th GOVERNMENT INVESTMENT SUKUK 450,407 45,251,299.34 147 100.51 100.51 31.21% 63٫10٪ 56

14th GOVERNMENT INVESTMENT SUKUK - - - 100 100 0.00% 0.00%

ALSHAMEL THIRD FUND 98,300 988,898.00 8 10.06 10.06 6.81% 1٫38 6

THE SECOND DEVELOPMENT FUND - - - 10.06 10.06 0.00% 0.00%

INVESTMENT IN SUDANESE SECURTIES FUND 2 1,717 17,273.02 3 10.06 10.06 0.12% ٫02 3

SECOND INVESTOR FUND 38,638 388,698.28 6 10.06 10.06 2.68% ٫54 4

ALRWAD INVESTMENT FUND - - - 10 10 0.00% 0.00%

ALSAHAM INVESTMENT FUND - - - 20.1 20.1 0.00% 0.00%

15th GOVERNMENT INVESTMENT SUKUK 45 4,527.00 1 100.6 100.6 0.00% ٫01٪ 1

INVESTMENT HOUSE DEVELOPMENT FUND 310,273 3,118,243.65 166 10.05 10.05 21.50% 4٫35 12

13th GOVERNMENT INVESTMENT SUKUK - - - 100 100 0.00% 0.00%

13th GOVERNMENT INVESTMENT SUKUK (2) - - - 100 100 0.00% 0.00%

fifth- GOVERNMENT INVESTMENT SUKUK - - - 100 100 0.00% 0.00%

17th GOVERNMENT INVESTMENT SUKUK 169,944 17,082,427.92 219 100.51 100.51 11.77% 23٫82 80

TOTAL 1,447,341 71,712,852.51 575 100.00% 100%

Investment Funds Sector

In investment Funds Sector the number of sukuk traded was (1,447,341) with a value of SDG (71,712,853), Traded instruments in the investment funds represent 17% of the total trading during this year and the number of contracts executed was (575) contracts.

Annual Bulletin for the Mutual Funds sector

ANNUAL REPORT 2013

53

The

Act

ivit

y of

the

Mut

ual F

unds

Se

ctor

in B

oth

(Pri

mar

y &

Sec

onda

ry)

Mar

kets

Dur

ing

the

Peri

od o

f (20

04-

2013

)

Acti

vity

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

Sec

onda

ry M

arke

t

Num

ber o

f Mut

ual F

unds

List

ed 6

9.0

16.

00 1

9.00

28.

00 3

4.0

34.

0025

00.0

0%23

00.0

0%27

.00

Num

ber o

f Mut

ual F

unds

Trad

ed 4

8 1

2 1

5 2

3 2

6 2

6 2

5 1

8 1

1

Num

ber o

f Suk

uk T

rade

d 3

0,79

0 8

45,8

30.0

1,4

33,4

00.0

0 2

,717

,193

.00

4,9

77,9

07.0

0 4

,228

,900

.0 1

,791

,114

.00

7333

445.

0057

9357

5.00

1,44

7,34

1

Per

cent

age

of S

ukuk

23

73

49

57

67

55

31

1 1

1.6

2

Vol

ume

Trad

ed 2

,766

,929

47,

116,

328.

8 1

20,1

66,9

84.6

0 1

30,3

46,4

35.6

2 1

23,4

67,8

56.4

4 1

64,7

76,9

62.3

81,

401,

175.

59 3

02,4

81,3

76.4

5 3

08,0

96,5

66.0

0 7

1,71

2,85

3.00

Per

cent

age

of T

radi

ng v

olum

e to

tota

l tra

ding

vol

ume

1 4

6 7

7 7

3

1

.85

Num

ber o

f Con

trac

ts e

xecu

ted

49

175

.0 3

38.0

0 4

57.0

0 4

38.0

0 3

85.0

281

.00

238.

0066

8.00

575.

00

Per

cent

age

of C

ontr

acts

to to

tal N

o. o

f con

trac

ts 1

5 6

6.3

5 5

.11

4.7

7 3

.40

0.0

3 0

.05

3.4

9

54

Shares Traded Of Mutual Funds Sector During 2004 to 2013

Contracts Executed Of Mutual Funds During 2004 to 2013

Volume Traded Of Mutual Funds Sector During 2004 to 2013

2004

2004

2004

2005

2005

2005

2006

2006

2006

2007

2007

2007

2008

2008

2008

2009

2009

2009

2010

2010

2010

2011

2011

2011

2012

2012

2012

2013

2013

2013

ANNUAL REPORT 2013

55

Annual Bulletin for the Government Musharaka Certificates Sector (Shahama)

SECURITY NAME

SUKUKTRADED

VOLUME TRADED

CONTRACTSEXCUTED

OPENINGPRICE

CLOSEDPRICE

SUKUK TRADED TO THETOTAL

VOLUMETRADED TO THETOTAL

DAYS

TRADED

SHAHAMA 1/10/2012 (55.7) 656,023.00 344,402,037.01 1,349 568.72 568.72 9.39% 9٫36٪ 173

SHAHAMA 1/10/2012 (55.3) 452,407.00 237,299,557.88 805 565 565 6.48% 6٫45% 135

SHAHAMA 1/10/2012 (55.6) 271,555.00 141,571,241.45 612 564.9 564.9 3.89% 3٫85٪ 137

SHAHAMA 1/10/2012 (55.2) 103,289.00 53,642,567.59 394 562.01 562.01 1.48% 1٫46٪ 86

SHAHAMA 1/10/2012 (55) 266,203.00 142,261,314.30 616 560.1 560.1 3.81% 3٫87٪ 92

SHAHAMA 1/10/2012 (55.5) 156,716.00 81,374,119.66 514 560 560 2.24% 2٫21٪ 127

SHAHAMA 1/10/2012 (55.1) 78,037.00 40,167,615.72 178 560.01 560.01 1.12% 1٫09٪ 72

SHAHAMA 1/1/2013 (56.2) 91,817.00 48,121,273.96 232 560 556 1.31% 1٫31٪ 85

SHAHAMA 1/1/2013 (56) 77,596.00 41,845,692.98 287 562.51 556 1.11% 1٫14٪ 86

SHAHAMA 1/1/2013 (56.8) 423,896.00 221,909,314.90 870 560 555.45 6.07% 6٫03٪ 122

SHAHAMA 1/1/2013 (56.5) 281,175.00 149,947,630.40 581 560 555.15 4.03% 4٫08٪ 103

SHAHAMA 1/1/2013 (56.1) 141,466.00 75,280,901.44 567 566 555.1 2.03% 2٫05% 99

SHAHAMA 1/1/2013 (56.7) 189,590.00 99,014,210.23 374 560 555 2.71% 2٫69% 116

SHAHAMA 1/1/2013 (56.3) 38,847.00 21,085,089.22 187 560 554.99 0.56% ٫57٪ 86

SHAHAMA 1/7/2012 (54,7) 762,843.00 400,088,975.61 1,168 559.99 559.99 10.92% 10٫87٪ 117

SHAHAMA 1/7/2012 (54.6) 89,690.00 48,439,200.59 360 558.33 558.33 1.28% 1٫32٪ 113

SHAHAMA 1/7/2012 (54.2) 89,653.00 48,355,919.12 294 552 552 1.28% 1٫31٪ 75

SHAHAMA 1/7/2012 (54.1) 378,865.00 202,051,436.92 826 551.5 509.2 5.43% 5٫49٪ 130

SHAHAMA 1/7/2012 (54) 20,494,969.62

53 550.01 510 0.54% ٫56٪ 34

SHAHAMA 1/4/2013 (57.5) 49,001.00 25,579,421.48 126 536 500 0.70% ٫70٪ 56

SHAHAMA 1/4/2013 (57) 94,667.00 49,681,689.82 163 537 500 1.36% 1٫35٪ 48

SHAHAMA 1/4/2012 (53) 101,860.00 55,057,437.59 355 560.01 533.4 1.46% 1٫50٪ 50

SHAHAMA 1/4/2013 (57.2) 219,988.00 113,775,721.36 373 538 500 3.15% 3٫09٪ 80

The number of Sukkuk traded in this sector was (6,983,324), which represented 83% of the total number of Sukkuk traded ,the trading volume was SDG (3,679,685,211) , which represents 95% of the total trading volume during the year, The number of contracts executed in this sector was (15,185) contracts which represent 92% of the total contracts executed .

Government Musharaka Certificates Sector

56

SHAHAMA 1/4/2013 (57.6) 134,538.00 68,140,799.44 364 536 500 1.93% 1٫85٪ 83

SHAHAMA 1/4/2013 (57.7) 501,355.00 259,127,152.71 328 538 500 7.18% 7٫04٪ 71

SHAHAMA 1/4/2013 (57.1) 19,613.00 10,138,919.96 73 537 500 0.28% ٫28٪ 36

SHAHAMA 1/4/2012 (53.1) 25,459.00 13,753,508.98 69 556.5 534 0.36% ٫37٪ 36

SHAHAMA 1/4/2012 (53.6) 285,486.00 154,854,877.67 798 560 534 4.09% 4٫21٪ 78

SHAHAMA 1/4/2012 (53.5) 128,799.00 70,464,424.48 422 560.01 534 1.84% 1٫91٪ 56

SHAHAMA 1/4/2012 (53.2) 295,205.00 158,377,499.58 610 560.01 534 4.23% 4٫30٪ 73

SHAHAMA 1/7/2013 (58.1) 15,287.00 7,736,433.95 133 509 500 0.22% ٫21٪ 33

SHAHAMA 1/7/2013 (58.8) 205,743.00 104,013,266.54 189 511 500 2.95% 2٫83٪ 32

SHAHAMA 1/7/2013 (58.7) 2,040.00 1,028,465.40 74 509 500 0.03% ٫03٪ 25

SHAHAMA 1/7/2013 (58) 3,380.00 1,711,142.60 21 511 500 0.05% ٫05٪ 15

SHAHAMA 1/7/2013 (58.2) 17,482.00 8,845,648.20 34 509 500 0.25% ٫24٪ 19

SHAHAMA 1/7/2013 (58.6) 10,791.00 5,495,555.65 84 509 500 0.15% ٫15٪ 28

CENTRAL BANK LEASINGCERTIFICATION(SHIHAB)(3.1)

- - - 1000 1000 0.00% 0.00% -

SHAMA(3.2) (7.3.2) - - - 500 500 0.00% 0.00% -

Sudanese company for thedistribution of electricity assets

14,118.00 7,059,000.00 7 500 500 0.20% ٫19٪ 5

SHAMA(1) (7.2) - - - 500 500 0.00% 0.00% -

SHAHAMA 1/1/2013 (56.6) - - - 500 500 0.00% 0.00% -

SHAMA(1)(7.1) 22,696.00 11,348,000.00 23 500 500 0.33% ٫31٪ 15

SHAMA 1-3 (7.3.1) - - - 500 500 0.00% 0.00% -

SHAMA(3)7.3 11,400.00 5,700,000.00 2 500 502.6 0.16% ٫15٪ 2

SHAHAMA 1/1/2012 (52.1) 78,210.00

42,860,808.60

312 557.5 558.9 1.12% 1٫16٪ 13

SHAHAMA 1/1/2012 (52.7) 96,975.00 53,121,753.11

190 558 558.65 1.39% 1٫44٪ 18

SHAHAMA 1/1/2012 (52) 3,985.00 2,197,675.41 26 558 560 0.06% ٫06٪ 12

SHAHAMA 1/1/2012 (52.2) 53,481.00 29,755,616.86

58 560 560 0.77% ٫81٪ 9

SHAHAMA 1/1/2012 (52.5) 1,785.00 993,109.65 52 560 561.63 0.03% ٫03٪ 15

SHAHAMA 1/1/2012 (52.3) 2,741.00 1,514,213.07 32 557.01 559.89 0.04% ٫04 9

TOTAL 6,983,324.00 3,679,685,210.71 15,185 100% 100%

ANNUAL REPORT 2013

57

The

Act

ivit

y of

(Sh

aham

a) C

erti

ficat

es

Sect

or in

Bot

h (P

rim

ary

& S

econ

dary

) M

arke

ts D

urin

g th

e Pe

riod

of (

2004

- 20

13)

Acti

vity

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

Prim

ary

Mar

ket

Num

ber o

f Iss

ues

3,3

62,1

97 5

,575

,274

7,2

88,2

17 8

,446

,201

11,

022,

653

14,

765,

179

18,

904,

640

22,

279,

547

27,

254,

000

28,

262,

676.

00

Val

ue o

f Iss

ues (

In m

illio

ns S

DG)

1,6

81 2

,788

3,6

44 4

,223

5,5

11 7

,432

9,4

52,3

20,0

00 1

1,14

0 1

3,62

7 1

4,13

1

Seco

ndar

y Mar

ket

Num

ber o

f List

edCe

rtific

ates

76

42

33

21

28

34

45

40

39

50

Num

ber o

f List

ed C

ertifi

cate

s 3

5 4

2 2

7 1

8 2

5 3

2 4

3 4

0 3

845

.00

Num

ber o

f Suk

uk T

rade

d 1

02,1

08 3

08,0

83 1

,472

,351

2,0

16,5

30 2

,421

,055

3,4

17,7

14 4

,056

,906

3,8

92,0

66 5

,116

,623

6,9

83,3

24

Per

cent

age

of Su

kuk T

rade

d to

Tota

lNo

. of S

ukuk

77

27

51

43

33

45

69

7.82

%

Vol

ume

Trad

ed 1

13,7

02,5

00 1

94,4

08,2

74 7

99,9

01,5

25 1

,068

,597

,777

1,2

83,2

36,0

66 1

,836

,256

,784

2,1

57,9

33,8

33 2

,059

,139

,398

2,7

13,7

06,7

42 3

,679

,685

,211

.00

Per

cent

age

of T

radi

ng v

olum

e to

Tota

l Tra

ding

vol

ume

25

16.

0 3

8.70

59.

40 6

8.30

81.

7 8

9.10

0.8

0 0

.88

94.7

1%

Ave

rage

Ann

ual R

etur

n (%

) 1

9 2

0 1

6 1

6 1

6 1

6 1

4

Num

ber o

f Con

tract

s Exe

cute

d 1

,679

1,4

97 2

,579

3,7

64 5

,259

5,8

65 6

,798

6,5

06 1

1,40

415

185.

00

Per

cent

age

of C

ontr

acts

to to

tal

No.

of C

ontr

acts

48

41

44

52

61

73

82

1 1

92.

39

58

ANNUAL REPORT 2013

59

General conditions for the registration of brokerage companies:Khartoum Stock Exchange Board of Directors authorized at the meeting No. 6 (2005) on 12.10.2005 the general conditions for the registration of the brokerage companies are as follows:First: The Company must be either:• A public shareholding company and issuing investment funds: capital of 25 million pounds

paid for 25% (6.25 million).• A public shareholding company and does not issue investment funds: capital of 10 million

pounds paid for 25% (2.5 million pounds).• A private company and manages investment portfolios: capital million pounds paid for 25%

(250 thousand pounds.).• A private company and does not manage investment portfolios: capital of 200 thousand

pounds paid for 25% (50 thousand pounds.Second: A company must be specialized in the Agency’s work just as in the article (34) of the Code of the market, which provides:• Agency commission to buy and sell securities for clients.• Agency to purchase and sell portfolio for the benefit of the proxy.• Agency to cover versions of securities.• Work as a financial consultant and managing portfolios of others and investments in

securities.Third: The Company provides a financial guarantee in the form of bank (deposit, letter of guarantee, securities as collateral for the benefit of multi-market or (cash) as follows:• A public shareholding company and issuing investment funds: 0.5% of the paid-up capital

(31.25 thousand pounds).• A public shareholding company and does not issue investment funds: 1% of paid-up capital

(25 thousand pounds).• A private company and manages investment portfolios: 5% of the paid-up capital (12.5

thousand pounds).• A private company and does not manage investment portfolios: 10% of the paid-up capital

(5 thousand pounds).Fourth: the Company to pay annual agency fees to the market.

Brokerage Companies

60

NU

Mcom

pany name

EstabilishingDate

Capital (SDG)CO

MM

UN

ICATECLASIFICATIO

NAU

THERIZED CAPITALPAID U

PTEL.

FAXE.M

AIL

1Financial Investm

ent Bank1998

100.000.000 89.633.240

730300 83130304 83

info@fibonline.com

A PUBLIC SHAREHO

LDING AN

DISSU

ING IN

VESTMEN

T FUN

DS

2 GLO

BAL HOU

SE FOR FIN

ANCIAL

INVESTM

ENT CO

LTD2004

60.000.000 60.000.000

767324 83747260 83 470038 83

amin@

global.com.sd

A PUBLIC SHAREHO

LDING AN

DISSU

ING IN

VESTMEN

T FUN

DS

3Success Dealing Co. Ltd

2001 25.000.000

2.701.78083790958

83790959 successdealing@

hotmail.com

A PUBLIC SHAREHO

LDING AN

DISSU

ING IN

VESTMEN

T FUN

DS

4'Al-M

uhajir For Financial Services2002

6.250.000 5.000.000

498549 8383 595811

almuhajirinfo@

gmail.

com A PU

BLIC SHAREHOLDIN

G COM

PANY

DOES N

OT ISSU

E INVESTM

ENT FU

NDS

5 ALSAHAM

FOR FIN

ANCIAL SERVICES

CO LTD

2005 5.000.000

1.650.000122256474

763548 83 -

A PUBLIC SHAREHO

LDING CO

MPAN

YDO

ES NO

T ISSUE IN

VESTMEN

T FUN

DS

6Al-Ruad For Financial Services

2002 25.000.000

13.018.460777222 83

777116 83 Info@

rowad.sd

A PUBLIC SHAREHO

LDING AN

DISSU

ING IN

VESTMEN

T FUN

DS

7 DAM

FINAN

CIAL INVESTM

ENT CO

LTD2005

1.000.000 1.000.000

767686 83741385 83

amgadshabo@

hotmail.com

A PRIVATE COM

PANY AN

D MAN

AGESIN

VESTMEN

T PROTFO

LIOS

8sanabel for financial service

1994 25.000.000

20.000.000798560 83

793249 83 info@

nftco.com A PRIVATE CO

MPAN

Y AND M

ANAGES

INVESTM

ENT PRO

TFOLIO

S

9 Tarw

eeg Financial Investment Co.

Ltd2001

20.000.000 20.000.000

746437 83746438 83

tarweeg@

gmail.com

A PRIVATE COM

PANY AN

D MAN

AGESIN

VESTMEN

T PROTFO

LIOS

10 International Com

pany ForM

onetary Managem

ent2002

1.000.000250

766640 83767282 83

icmm

@om

erabdlati. com

A PRIVATE COM

PANY AN

D MAN

AGESIN

VESTMEN

T PROTFO

LIOS

11Gunoser Financial Investm

ent Co.2004

20050

912919620

A PRIVATE CO

MPAN

Y AND DO

ES NO

TM

ANAGE IN

VESTMEN

T PROTFO

LIOS

12 ALFARAN

CY FOR FIN

ANCIAL

SERVICES CO LTD

2005 3.000.000

3.000.000746983 83

746984 83 info@

sfbank.net A PRIVATE CO

MPAN

Y AND M

ANAGES

INVESTM

ENT PRO

TFOLIO

S

13 HARVEST FO

R FINAN

CIALIN

VESTMEN

T2006

2.000.000 2.000.000

8374136183741363

info@harvestfsl.com

A PRIVATE COM

PANY AN

D MAN

AGESIN

VESTMEN

T PROTFO

LIOS

14 ALFAISAL FIN

ANCIAL TRAN

SACTINS

CO LTD

2006 50.000.000

18.000.000155351100

764354 83 info@

alfaisal-st.com A PRIVATE CO

MPAN

Y AND M

ANAGES

INVESTM

ENT PRO

TFOLIO

S

15Securities Services Co. Ltd.

1995 1.000.000

1.000.000761403 83

563515 83 securitiesservice@

yahoo.com A PRIVATE CO

MPAN

Y AND M

ANAGES

INVESTM

ENT PRO

TFOLIO

S

16Elkashdeep For Securities

1994200

508831 83

155144546 elcashdeep@

yahoo. com

A PRIVATE COM

PANY AN

D DOES N

OT

MAN

AGE INVESTM

ENT PRO

TFOLIO

S

17 Craw

n for fainancial invistment

2004210

180773829 83

772041 83 dridrism

@hotm

ail. com

A PRIVATE COM

PANY AN

D DOES N

OT

MAN

AGE INVESTM

ENT PRO

TFOLIO

S

18'Al-Tadam

on For Financial Services2003

790250

771505783958 83

tadamon@

hotmail.

com A PRIVATE CO

MPAN

Y AND DO

ES NO

TM

ANAGE IN

VESTMEN

T PROTFO

LIOS

19 M

AZAIA FINAN

CIAL SERVICES COLTD

200560

20912474730

m

azaia@yahoo.com

A PRIVATE COM

PANY AN

D MAN

AGESIN

VESTMEN

T PROTFO

LIOS

20AL Baraka For Financial Services

2004 25.000.000

5.344.798749948 83

743349 83 BFSC2010@

hotmail.

com A PRIVATE CO

MPAN

Y AND M

ANAGES

INVESTM

ENT PRO

TFOLIO

S

ANNUAL REPORT 2013

61

21 ALM

ANSO

UR FIN

ANCIAL

INVESTM

ENT SERVICES

2004500

40083742684

83742685 alm

ansourr@ sudam

mial.net

A PRIVATE COM

PANY AN

D MAN

AGESIN

VESTMEN

T PROTFO

LIOS

22Daw

G . For Financial Co.2004

1.000.00060

761422 83761900 83

dawg-financial@

gmail.com

A PRIVATE COM

PANY AN

D DOES N

OT

MAN

AGE INVESTM

ENT PRO

TFOLIO

S

23 ALM

UASHIR FOR FIN

ANCIAL

INVESTM

ENT

2005 1.000.000

1.000.000912932070

798408 83 info@

almoashir.com

A PRIVATE COM

PANY AN

D MAN

AGESIN

VESTMEN

T PROTFO

LIOS

24'Al-Am

in For Securities2002

1.000.000250

765166 83765165 83

amin7452@

yahoo. com

A PRIVATE COM

PANY AN

D MAN

AGESIN

VESTMEN

T PROTFO

LIOS

25Al-Aaraf For Securities &

Investment

1994200

5091234660

alarafstock@

yahoo. com

A PRIVATE COM

PANY AN

D DOES N

OT

MAN

AGE INVESTM

ENT PRO

TFOLIO

S

26Branto For Financial Services

2002200

60767390 83

767390 83 brantow

@hotm

ail. com

A PRIVATE COM

PANY AN

D DOES N

OT

MAN

AGE INVESTM

ENT PRO

TFOLIO

S

27Eldarhim

Financial Investment Co.

2002 1.000.000

250155140165

drhm

10@hotm

ail. com

A PRIVATE COM

PANY AN

D MAN

AGESIN

VESTMEN

T PROTFO

LIOS

28 M

ohamed Sulim

an Stock ForFinancial Services

2002 1.260.000

250740300 83

740301 83 stock@

yahoo.com A PRIVATE CO

MPAN

Y AND M

ANAGES

INVESTM

ENT PRO

TFOLIO

S

29 Green Gold For Securities

1995250

50912109673

greengold@

yahoo. com

A PRIVATE COM

PANY AN

D DOES N

OT

MAN

AGE INVESTM

ENT PRO

TFOLIO

S

30'Al-M

ustashar For Securities2002

1.000.000250

416510 83745165 83

fmaillhend@

ase-sd. com

A PRIVATE COM

PANY AN

D MAN

AGESIN

VESTMEN

T PROTFO

LIOS

31ELM

AMLKA FIN

ANCIAL SERVICES

2006200

50243130 83

255223 83 m

fs@m

amlakagroup.

com A PRIVATE CO

MPAN

Y AND DO

ES NO

TM

ANAGE IN

VESTMEN

T PROTFO

LIOS

32ELEM

ARATIA FOR TRAN

SACTION

S2006

1.000.000 1.000.000

776811 83777636 83

A PRIVATE CO

MPAN

Y AND M

ANAGES

INVESTM

ENT PRO

TFOLIO

S

33HAT FIN

ANCIG SERVICES

2005 1.260.000

303.6761092 83

761093 83 info@

hat-sd-com A PRIVATE CO

MPAN

Y AND M

ANAGES

INVESTM

ENT PRO

TFOLIO

S

34 ALTAKAM

OL FO

R FINAN

CIALSERVICES CO

LTD2007

15.000.000 15.000.000

912340364

yassirkmal@

yahoo. com

A PRIVATE COM

PANY AN

D MAN

AGESIN

VESTMEN

T PROTFO

LIOS

35N

ILE MASHREG FIN

ANCIAL SERVICES

2007 1.000.000

250764490 83

784688 83 sharaf@

bluemashreg.com

A PRIVATE COM

PANY AN

D MAN

AGESIN

VESTMEN

T PROTFO

LIOS

36U

NITED CAPITAL FO

R SECURITIES

2008 1.000.000

250247700 83

235000 83 einas@

bankmal.com

A PRIVATE COM

PANY AN

D MAN

AGESIN

VESTMEN

T PROTFO

LIOS

37 M

eduro For Financial services Co.Ltd

2009 1.000.000

250740770 83

740737 83 alitaha55@

hotmail.

com A PRIVATE CO

MPAN

Y AND M

ANAGES

INVESTM

ENT PRO

TFOLIO

S

38Hyper Deal Financial Co. Ltd

2009200

200912300013

49263 83

A PRIVATE COM

PANY AN

D DOES N

OT

MAN

AGE INVESTM

ENT PRO

TFOLIO

S

39 Darison Financial and Consultancy

Services Co. Ltd2010

1.000.000500

785932 83785937 83

darsonfin@hotm

ail. com

A PRIVATE COM

PANY AN

D MAN

AGESIN

VESTMEN

T PROTFO

LIOS

40O

sool Stock Exchange Co. Ltd2010

20050

767418 83767419 83

osool1010@gm

ail. com

A PRIVATE COM

PANY AN

D DOES N

OT

MAN

AGE INVESTM

ENT PRO

TFOLIO

S

41Casboon For Financial Service

2008200

50915778411

A PRIVATE COM

PANY AN

D DOES N

OT

MAN

AGE INVESTM

ENT PRO

TFOLIO

S

42H.H Stock Exchange Co. Ltd

1.000.000

250

A PRIVATE COM

PANY AN

D MAN

AGESIN

VESTMEN

T PROTFO

LIOS

62