Organization Structure
A'ayan Leasing & Investment Company
A'ayan is a Kuwaiti shareholding company listed in Kuwait Stock Exchange Market in the investment sector. A'ayan employs around 300 employees distributed on the different sectors and administrations in the company, while the total number of staff working in the mother company and its subsidiaries exceeds 2,000 employees.
A'ayan Leasing and Investment Company is composed of four main sectors, leasing and finance sector, real estate sector, investment sector, and supportive services sector. The distribution of these sectors and their departments is made in accordance with A'ayan's core activities, fields of business, services, and products. The Board of Directors of the company is made up of seven members representing the key owners and founders of the company. All company business transactions are subject to the Fatwa and Sharia Control Committee, appointed by the general assembly. Moreover, the general assembly appoints two legal auditors, in addition to an internal auditing committee reporting directly to the Board of Directors.
The Leasing and Finance Sector includes two secondary sectors, eight departments, and two units. Hence, under the Sales and Operations sector come both the Sales Department, which provides finance and operational leasing services and retail individual sales, and the Mudalala and Sahala automobiles Departments, which are specialized in selling releasing of returned leased cars that are tracked, regularly maintained and still under the warranty. Also under the Sales and Operations sector is the wholesale unit concerned with wholesale sales with car dealers and commercial deals, in addition to review unit, which is assigned the task of reviewing the correctness of all sales procedures. Furthermore, there is the Operations Department that manages the company's stock and provides insurance, traffic department, maintenance, and alternate cars services to serve A'ayan's fleet of leased cars. The Sales Supporting Unit is dedicated to market studies, products development, pricing of services, and introduction of promotional campaigns.
The second secondary sector is Corporate and Real Estate Financing sector. Reporting to this sector are both Corporate Leasing and Finance Department, which offer cars and trucks operational and financed leasing services; and Real Estate Financing Department, which provides real estate financing services to investors and both individual and corporate real estate merchants through leasing services and other Islamic financing forms.
Marketing Department is also listed under the Leasing and Finance Sector since most of its activities is related to sales departments business. The Marketing Department includes Customer Service Center "A'ayan with You", which provides current and potential customers with information and facilitates transactions procedures; additionally, the e-marketing unit offers, through A'ayan's website www.aayan.com many services to customers to smooth the progress of their transactions. The Marketing Department also handles advertisement and PR activities, plus press affairs.
The Real Estate Sector is concerned with real estate trading and management of A'ayan's real estate wallet. The Real Estate Sector performs most of its activities through Oriental Gate Company, a fully owned subsidiary of A'ayan.
The Investment Sector at A'ayan is composed of four departments. The Direct Investment Department manages investment operations at subsidiary and associate companies and provides study services for available projects and opportunities to these companies, in addition to consultations and supplying subsidiaries with administrative expertise and assistance in preparing strategic plans. The Assets Investment Department provides money management services and investment opportunities for individual and corporate investors through investment funds. The Corporate Finance and Treasury Department manages the financing the operations of the mother company and its subsidiaries, as well as managing the extra cash flow and exploit it in the stock exchange through cash market tools.
Appurtenant to this sector is the Investment Marketing Unit, a specialized unit in marketing investment opportunities offered by the company to its investor clients. This unit provide services such as subscriptions in companies, participation in funds and exiting from it, sales and transference of subsidiaries shares subscribed into before the listing.
The Supporting Services Sector is divided into seven secondary sectors and departments. The Financial Sector records, classify, and summaries the financial information of the Company to present it in reports to shareholders and other stake holders, in addition to supply supervisory an government entities with annual and quarterly financial reports.
The Department of Human Recourses has the task of development of the workforce of the Company making sure that employees are able to perform and faces challenges well. Also, reduce cost and increase productivity by applying advanced evaluation techniques, define and elevate the skills needed for each position. In addition, the HR department reengineers work procedures and enforces rules and regulations related to workforce.
Municipal Department handles municipal services and purchasing. The department supplies the Company with safety, insurance, and maintenance needs. In addition to handling and supervising Company sites related issues such as rent, furniture, office services and cleaning, etcetera.
Information Technology Department develops and maintain computer systems throughout the Company, while providing and managing information systems and services like e-Mail, internet, intranet, phones, SMS service and connecting all branches, outboard offices and sites of the Company to the headquarter. The IT department also supplies desktops, printers and software. Moreover, the department provide to subsidiary companies with consulting services, and to clients online services.
The Financial Planning and Risk Management Sector produces management reports to the executive administration that includes detailed and accurate information upon which decision are taken at the right time. In addition, handles financial planning and budget control with accordance to Company strategic plans. Also, analyses and identification of risk and.
Collection Sector includes the Legal Collection Unit that handles collection of late and bad dept from clients. While the Customer Service Unit provides handles receivables and provide clients with dept certificates and clearances.
Last but not least, the Internal Control Sector, its duties are related to supervision and making sure that all Company procedures are in full compliance with the regulations and policies of government and central the bank in addition to company internal policies. In addition, the Sector includes Money Wash unit and Service Quality unit.