The Islamic Company for the Insurance coverage of Funding and Export Credit score (ICIEC) (http://ICIEC.IsDB.org), a Shariah-compliant multilateral insurer and member of the Islamic Growth Financial institution (IsDB) Group, is happy to announce that its Board of Administrators (BOD), throughout its 121st assembly, has accepted to nominate Dr. Khalid Khalafalla as the brand new Chief Govt Officer (CEO) of ICIEC, efficient 16 December 2024.
In his tenure throughout the IsDB Group, which started when he joined as a Younger Skilled in 2005, Dr. Khalafallah has held a number of senior roles. These embody serving as ICIEC Officer-in-Cost since Could 2024, Principal Govt Assistant within the IsDB President’s Workplace, and contributing extensively to ICIEC’s operations in numerous capacities from 2007 to 2017.
Commenting on his new position, Dr. Khalid Khalafalla mentioned: “I’m honored to function the Chief Govt Officer of ICIEC. It’s a privilege to steer an establishment that has a long-standing legacy of supporting sustainable improvement, facilitating commerce and funding, and selling inclusive progress in its member states. I sit up for working intently with our distinctive workforce, the Board of Administrators, and our valued companions as we proceed to advance ICIEC’s mission and amplify its constructive influence in international markets.”
The Chairman of the Board of Administrators congratulates Dr. Khalafalla on his appointment and extends its full assist as he assumes management. Beneath his management, ICIEC is poised to strengthen its strategic partnerships, improve product choices, and reinforce its place as a worldwide chief in facilitating safe and sustainable commerce and funding flows.
Distributed by APO Group on behalf of Islamic Company for the Insurance coverage of Funding and Export Credit score (ICIEC).
Media Contact:
Rania Binhimd
Strategic Planning and Communications Division
E-mail: Rbinhimd@isdb.org
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About The Islamic Company for the Insurance coverage of Funding and Export Credit score (ICIEC):
ICIEC commenced operations in 1994 to strengthen financial relations between OIC Member States and promote intra-OIC commerce and investments by offering danger mitigation instruments and monetary options. The Company is uniquely the one Islamic multilateral insurer on the planet. It has led from the entrance in delivering a complete suite of options to firms and events in its 50 Member States. ICIEC, for the 17th consecutive 12 months, maintained an “Aa3” insurance coverage monetary power credit standing from Moody’s, rating the Company among the many prime of the Credit score and Political Danger Insurance coverage (CPRI) Business. Moreover, ICIEC has been assigned a First-Time “AA-“ long-term Issuer Credit score Score by S&P with Steady Outlook. ICIEC’s resilience is underpinned by its sound underwriting, reinsurance, and danger administration insurance policies. Cumulatively, ICIEC has insured greater than US$ 114 billion in commerce and funding. ICIEC actions are directed to a number of sectors together with power, manufacturing, infrastructure, healthcare, and agriculture.
For extra info, go to: http://ICIEC.IsDB.org