The new headquarters of Ta'awuniya Insurance Company, located in Al-Muqran Tower, witnessed the signing of a strategic cooperation agreement with Bank of Khartoum this morning in the field of microfinance. This initiative aims to integrate the roles of the insurance and banking sectors in supporting sustainable development and boosting national production.

The agreement was signed on behalf of Ta'awuniya Insurance Company by its General Manager, Dr. Kamal Jad Kareem, while Bank of Khartoum was represented by its Legal Counsel. The signing ceremony was attended by senior members of Ta'awuniya Insurance Company's executive leadership, including:

• Mr. Omar Abdelaziz – Deputy General Manager for Financial and Administrative Affairs.

• Mr. Kamal Al-Naji Qism Al-Sayed – Assistant General Manager for Financial and Administrative Affairs.

• Ms. Reem Ibrahim Abdullah – Director of Underwriting and Reinsurance.

This agreement establishes an advanced operational framework for providing comprehensive and innovative insurance coverage to protect microfinance projects supported by Bank of Khartoum, while mitigating the associated credit and operational risks.

This economic partnership seeks to empower small-scale producers and emerging business owners by providing flexible financing solutions backed by reliable insurance protection, helping ensure business continuity and stability in the face of market fluctuations.

Following the signing ceremony, both parties affirmed that this cooperation represents a cornerstone for building a long-term partnership that will contribute to advancing financial inclusion and expanding the national production base. They also commended the joint efforts of the teams involved in developing the agreement, particularly the Technical Underwriting Department, in designing a comprehensive insurance package befitting the standing of both leading institutions in the Sudanese market.