A`ayan's Investments
Financial Services and Support Sector
A'ayan's activities in the leasing, real estate financing, management of investment assets fields, and its investments in companies active in leasing and real estate sectors created a need to invest in other companies active in the financial services field and other supporting sectors such as insurance and banking and so on.
Dijla and Furat Investment and Development Bank
Capital: Iraqi Dinar 50,000,000,000 ($35,000,000)
Main Activity: Provide Financial and Banking Services in Accordance with Islamic Sharia. (The Republic of Iraq)
Dijla and Furat Investment and Development Bank offers competitive banking services for the clients in all economical sectors (Agriculture, Industrial, and Services) in the Republic of Iraq. The bank fulfills their needs increased professionalism with direct support from A'ayan. The bank management objective is to provide a high level of service and products in the Iraqi market that will convoy the developments it missed out during the past decades in the financial and banking markets.
The Iraqi banking sector is one of the most vital sectors in pushing the economical recovery after the circumstances Iraq went through in the past three decades. These circumstances produced a banking situation that did not keep up with the international development in many sectors, mainly banking services, assets management, and insurance services.
The Iraqi banking sector is expected to witness, after the current founding and random growth period, a period of ongoing growth concurrent with the stabilization of political and security situations. This will generate more opportunities to invest in development, rebuilding, and the new revival projects, in the emerging new Iraq.
Capital: KD 5,000,000 ($17,241,000)
Main Activity: Symbiotic Insurance Services. (State of Kuwait)
Insurance is an integral and main influent of the leasing system, and it is a main auxiliary in Operating and Financing Leasing operations as well. A'ayn symbiotic Insurance Company was founded to complete the group of leasing operations supporting companies, in addition to expanding in the field of symbiotic insurance and offering grand services in this vital sector of the market.
A'ayan's investment in A'ayn symbiotic Insurance Company is a strategic investment in a company that supports one of A'ayan's strategic activities. One of the main advantages of this investment id the integration of A'ayan's wide experiences in evaluating the insurance risks on leased assets with expertise focused in insurance in general, this will definitely grant A'ayn a competitive advantage in the market.
Managing Director: Dr. Jasim Malek
Year Established: 2006
Capital: KD 7,750,000 ($26,724,000)
Percentage of Ownership: 25% (as of
After studies showed rapid growth in demand over private sector education, and expected such demand to increase in coming years, A'ayan decided to invest in private sector education by creating Ajial Education Company with a capital of KD 7.75 million. Ajial was established in alliance with a group of expert owners with long experience in private sector education market.
Ajial commenced its activities by acquisition of an established educational opportunities, thus it purchased two established and operational schools, one multi language and the other Arabic; and it shall add to its educational system during 2007 another Arabic school.