Seddiqi Holding has announced that Abdulmagied Ahmed Seddiqi will be stepping down from his role as the Chairman of Seddiqi Holding, 14 years after assuming this position. Mr. Abdulmagied has been instrumental in establishing the foundations of Ahmed Seddiqi & Sons. He joined the company in 1969 after completing his studies in Lausanne and worked alongside his late father and brother Ibrahim to grow the business. Much of his work involved extensive travel to Switzerland in order to grow the company's luxury brand portfolio before assuming the position of Vice-Chairman in 2003 and Chairman in 2007. Mr. Abdulmagied will pass the baton of Chairmanship to his brother, Abdul Hamied Ahmed Seddiqi, current Vice-Chairman and the position of Vice-Chairman will be passed to Osama Ibrahim Seddiqi, current Chief Financial Officer of Seddiqi Holding. This relay of responsibility is also accompanied by some senior management changes within Seddiqi Holding. A new board of directors will be established, whose purpose is to move the company into the next stages of digital transformation and to prepare for omni-channel readiness.