Sikder Insurance Plc
DDSE:SICL32.00
BDT
+0.30
(+0.95%)
ISIN
BD0758SICL05
Return %
Stock
S&P 500
1Y
56.86
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Sk. Abdur Rafique
- Full Time Employees
- 193
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Dhaka Bangladesh
- IPO Date
- Nov 27, 2023
- Website
- sikderinsurance.com
- Similar Companies
- Business
- Sikder Insurance Company Limited is a Bangladesh-based non-life insurance company that underwrites and provides a comprehensive portfolio of general insurance products and risk management solutions to corporate, commercial, industrial, and individual clients. The company operates across five core business segments: Fire Insurance, Marine Insurance, Motor Insurance, Engineering Insurance, and Miscellaneous Insurance. Its primary products and services include standard fire and allied perils insurance, industrial all risks (IAR), business interruption, and property loss coverage; marine cargo insurance covering ocean, air, and inland transit risks, alongside marine hull protection; comprehensive commercial fleet and private motor vehicle insurance, including third-party liability; engineering solutions such as contractor's all risks (CAR), erection all risks (EAR), machinery breakdown (MBD), boiler and pressure vessel explosion, and electronic equipment insurance; and miscellaneous casualty lines comprising cash-in-transit, cash-in-safe, fidelity guarantee, workmen's compensation, public liability, employer's liability, personal accident, and corporate health coverage. Sikder Insurance Company Limited distributes its underwriting services through a wide network of branch offices located across major commercial, port, and industrial hubs throughout Bangladesh. In recent developments, the company completed its initial public offering (IPO) under the fixed-price method and commenced trading on the Dhaka Stock Exchange and Chittagong Stock Exchange under the ticker symbol SICL, significantly expanding its paid-up capital base and institutional ownership profile. Following the public listing, the company has deployed capital proceeds into fixed deposit receipts, government treasury bonds, and secondary equity instruments to strengthen statutory solvency margins, while executing ongoing digital modernization initiatives that include automated underwriting workflows, integrated policy management platforms, and accelerated digital claims processing mechanisms. Founded in 2013 and affiliated with the Sikder Group of Companies, Sikder Insurance Company Limited is headquartered in Dhaka, Bangladesh.