Ayman Sejiny named new chief executive of ICD

Ayman Amin Sejiny
Updated 13 October 2018
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Ayman Sejiny named new chief executive of ICD

Ayman Amin Sejiny has been named as the new CEO of the Islamic Corporation for the Development of the Private Sector (ICD).

The board of directors of the ICD in their 91st meeting held on Sept. 3 approved Sejiny’s appointment.

Dr. Bandar Hajjjar, president of Islamic Development Bank (IsDB) Group and chairman of the ICD board of directors, said: “After a rigorous search, the board concluded that Ayman’s considerable experience in the banking sector, along with his strong track record of success as a CEO, made him an outstanding candidate for the role. Ayman has demonstrated throughout his career the ability to work successfully in different environments, designing and leading strategies which resulted in impressive value creation. I look forward to working with him to create the next chapter of ICD’s story of success.” 

Sejiny said: “I have admired ICD from the outside for many years and am delighted, therefore, to have been chosen to lead the corporation in the next exciting phase of its journey. I greatly look forward to meeting employees, leaders, customers and other stakeholders after I join in October and to working with them to achieve further success in the years to come.”

Sejiny has served as the chief executive of Ibdar Bank BSC, Bank Alkhair, and Barclays Capital Saudi Arabia, and as the chairman of Open-Silicon Inc. and Bahrain Financing Company Group. He was also a board member of Unicorn Bahrain. Sejiny has in-depth knowledge of the financial sector and has over 24 years of experience in investment and corporate banking in the local, regional and international markets. 

He has held senior roles in a number of regional and international financial institutions, including Citi Bank and ABN AMRO affiliate in Saudi Arabia (SAMBA and Saudi Hollandi Bank). Sejiny holds a BA in finance from the Eastern Michigan University, US.


AHG denies link with Al-Habtoor Trading Enterprises

Updated 16 January 2019
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AHG denies link with Al-Habtoor Trading Enterprises

Al-Habtoor Group (AHG) has clarified that the group and all its divisions, including Habtoor Hospitality (Habtoor Hotels) have no link or relationship of any kind with Al-Habtoor Trading Enterprises (HTE) and its owner Rashid Al-Habtoor.

This is following news released in major Indian and Middle Eastern media about a potential acquisition of the Leela Group of Hotels in India (Hotel Leela venture) by Rashid Al-Habtoor, founder and owner of Al-Habtoor Trading Enterprises.

A spokesperson for Al-Habtoor Group said: “We feel obligated to clarify that Al-Habtoor Group in all its divisions and Al-Habtoor Trading Enterprises are two separate entities. Habtoor Hospitality, commonly known as Habtoor Hotels, is owned solely by Al-Habtoor Group in the UAE and overseas.”

“... Any actions or business decisions taken by Al-Habtoor Trading Enterprises or any of their associates are their sole responsibility, and Al-Habtoor Group is not liable under any circumstance for any damages or liabilities arising directly or indirectly from Al-Habtoor Trading Enterprises business ventures.”