Ayman Amin Sejiny has been the chief executive officer of the Islamic Corporation for the Development of the Private Sector (ICD) since October 2018.
The ICD is the private sector arm of the Jeddah-based Islamic Development Bank Group (IDBG).
Sejiny has 24 years of experience working in corporate and investment banking in local, regional and international markets and has held senior roles in a number of financial institutions including Citibank and ABN AMRO affiliates in Saudi Arabia, Samba and Saudi Hollandi Bank respectively.
He has also served as CEO of Ibdar Bank BSC, Bank Alkhair, and Barclays Capital Saudi Arabia, chairman of Open-Silicon, Inc. and Bahrain Financing Co. Group, and as a board member of Unicorn Bahrain.
He gained a bachelor’s degree in finance from Eastern Michigan University, in the US, as well as C-level performer with vast experience in innovating financial processes and products.
Recently, ICD announced a rapid response initiative to combat the repercussions of the coronavirus disease (COVID-19) pandemic by allocating $250 million in emergency funding, mainly in the form of medium- to long-term financing instruments to help existing and new clients in the financial, agri-food, energy and other affected sectors.
ICD will also aid the private health care industries of affected member countries to meet the surge in demand for services, equipment and medication.
Sejiny said: “ICD is ready to provide all kinds and means of support and assistance. With strong communications between us and our member countries and partners, I am confident that hand-in-hand we will overcome this challenging period together.”
ICD will also work closely with more than 100 local and regional financial institutions in its network to provide the necessary support so that they can continue to finance small- and medium-sized enterprises in the affected sectors.
Additionally, the IDBG was setting up a strategic preparedness and response facility of $730 million to mitigate the negative health and socio-economic impacts of the virus outbreak.
The facility will extend financing to both the public and private sectors with the aim of minimizing the spread and impact of COVID-19 in IDBG member countries.