Prominent UAE businessman Abdulmagied Seddiqi passes away

Abdulmagied Ahmed Seddiqi, co-owner of Seddiqi Holding, the parent company of UAE-based luxury watch retailer Ahmed Seddiqi, passed away on Thursday.

The news of his death was announced by his brother, Abdul Hamied Ahmed Seddiqi, in a family statement shared on social media.

The statement expressed the family’s deep sorrow and prayed for the late businessman’s mercy and peace.

The luxury retailer, Ahmed Seddiqi, said on its Instagram post, “It is with a heavy heart that we share the passing of Abdulmagied Seddiqi, Co-Owner of Seddiqi Holding. A devoted father and a deeply cherished member of our family, Abdulmagied Seddiqi was known for his warmth, generosity of spirit, and quiet strength.

Beyond the walls of Seddiqi Holding, his influence resonated across the luxury industry in the region and our society. He was a pioneer who helped shape the UAE’s retail landscape, while shaping our own.

He lived with sincerity and kindness, touching the lives of those around him with his humility, wisdom, and unwavering love for his family.

He will be deeply missed and forever remembered.

Indeed, to Allah we belong and to Him we shall return.”

Abdulmagied Ahmed Seddiqi was a prominent figure in the UAE’s luxury retail sector and played a key role in the growth and development of the family’s business. Seddiqi Holding oversees Ahmed Seddiqi, one of the region’s leading luxury watch retailers and distributors of high-end timepieces.

Under the stewardship of the Seddiqi family, the company has grown into a major name in the regional luxury industry, representing some of the world’s most prestigious watch brands and contributing to the UAE’s position as a global hub for luxury retail.