Dr. Khalid Khalafalla Named as Islamic Corporation for the Insurance of Investment and Export Credit’s (ICIEC) New Chief Executive Officer
Islamic Investment and Export Credit Insurance Corporation (ICIEC) (http://ICIEC.IsDB.org), a Shariah-compliant multilateral insurance company and a member of the Islamic Development Bank (IsDB) Group, is pleased to announce that its Board of Directors (BOD) at its 121st meeting has approved the appointment of Dr. Khalid Khalafalla as its new Chief Executive Officer ICIEC Executive Officer (CEO), effective December 16, 2024.
Dr Khalafallah has held a number of senior positions since joining the IsDB Group as a young professional in 2005. These include serving as the Responsible Officer of ICIEC, Chief Executive Assistant in the Office of the President of IsDB since May 2024, and having contributed extensively to the operations of ICIEC in various capacities between 2007 and 2017.
Commenting on his new role, Dr Khalid Khalafalla said: “I am honored to serve as CEO of ICIEC. It is a privilege to lead an institution with a long-standing commitment to supporting sustainable development, promoting trade and investment and promoting inclusive growth in its member states. . I look forward to working closely with our outstanding team, Board of Directors and valued partners to continue advancing ICIEC’s mission and expand its positive impact in global markets.”
The Chairman of the Board of Directors congratulated Dr. Kharafalla on his appointment and extended his full support to him as he assumes the leadership role. Under his leadership, ICIEC is poised to strengthen its strategic partnerships, enhance product offerings, and solidify its position as a global leader in promoting secure and sustainable trade and investment flows.
Distributed by APO Group on behalf of Islamic Insurance Corporation for Investment and Export Credit (ICIEC).
Media contact information:
Rania Binhimud
Strategic Planning and Communications Department
e-mail: Rbinhimd@isdb.org
Follow us:
X: http://apo-opa.co/3OYTf0t
Facebook: http://apo-opa.co/4fqlHTN
LinkedIn: http://apo-opa.co/4iIxcZj
Youtube: http://apo-opa.co/4fnFS4D
Instagram: http://apo-opa.co/4iDgXNb
about Islamic Investment and Export Credit Insurance Corporation (ICIEC):
ICIEC began operations in 1994 with the aim of strengthening economic relations among OIC member states and promoting intra-OIC trade and investment by providing risk mitigation tools and financial solutions. The company is the only Islamic multilateral insurance company in the world. It is a leader in providing a comprehensive set of solutions to companies and parties in 50 member countries. ICIEC, 17th It has maintained Moody’s “Aa3” insurance financial strength credit rating for one consecutive year, ranking among the best in the Credit and Political Risk Insurance (CPRI) industry. In addition, ICIEC was assigned its first “AA-” long-term issuer credit rating by Standard & Poor’s, with a stable outlook. ICIEC’s resilience is due to its sound underwriting, reinsurance and risk management policies. ICIEC has cumulatively insured more than US$114 billion in trade and investment. ICIEC’s activities span multiple sectors, including energy, manufacturing, infrastructure, healthcare and agriculture.
For more information, please visit: http://ICIEC.IsDB.org
