The United Arab Emirates has lost one of its most influential business figures. Abdulmagied Ahmed Seddiqi, co-owner of Seddiqi Holding and Chief Executive Officer of Ahmed Seddiqi & Sons, has passed away. The announcement was shared by brother Abdul Hamied on Friday, February 13, 2026. Further details regarding his age and cause of death were not publicly disclosed.
Widely respected within global watch circles, Seddiqi played a pivotal role in shaping Dubai into a leading destination for luxury timepieces.
From a Souk Stall to a Regional Powerhouse
The Seddiqi family’s journey began in 1950, when founder Ahmed Qassim Seddiqi started trading watches in the traditional markets of Bur Dubai. Over the years, the family business expanded steadily. When Abdulmagied stepped into a leadership role, the company began to scale in a way few could have imagined at the time.
What began as a modest retail operation gradually evolved into one of the Middle East’s most prominent luxury watch businesses.
Over the decades, leadership transitioned to the next generation, including Abdulmagied Seddiqi and his brothers. Under their stewardship, the company expanded its footprint across the UAE, representing more than 100 international watch brands and operating numerous boutiques in key retail destinations.
Seddiqi Holding later emerged as the umbrella organization overseeing the group’s expanding interests.
Elevating Dubai’s Luxury Watch Industry
As CEO of Ahmed Seddiqi & Sons, Abdulmagied Seddiqi championed high-end mechanical watchmaking at a time when the UAE was rapidly transforming into a global luxury hub. His focus on craftsmanship and long-term brand partnerships positioned the company as a trusted name among collectors and enthusiasts.
A flagship presence in The Dubai Mall further strengthened the retailer’s global reputation, attracting international clientele seeking exclusive timepieces.
The family also launched Dubai Watch Week, a major industry event that has grown into a respected gathering for watchmakers, collectors, and horology experts worldwide. The initiative significantly enhanced Dubai’s standing in the international watch community.
Innovation Rooted in Heritage by Abdulmagied Ahmed Seddiqi
In 2023, the family introduced its own timepiece line under the Ahmed Seddiqi brand. Collections such as “Purity” and “Monograph” were created to honor the company’s heritage while embracing contemporary design principles.
Abdulmagied Seddiqi was known for balancing tradition with innovation. Industry colleagues often described him as a steady, thoughtful leader who preferred strategic growth over short-term trends.
A Family Legacy Continues
Today, third-generation members of the Seddiqi family hold key leadership roles within the business, ensuring continuity and forward momentum. The family has reaffirmed its commitment to preserving the values and vision established over decades.
Tributes from across the business and horology communities reflect the deep respect he commanded. Many credit him with helping to position Dubai as a global center for luxury retail beyond its oil-driven origins.
An Enduring Mark on the UAE’s Retail Landscape
Abdulmagied Ahmed Seddiqi’s influence extended far beyond storefronts. His leadership helped shape a sector that contributes significantly to the UAE’s tourism and retail economy. Through careful brand curation and long-term partnerships, he established a model for family-owned enterprises in the region.
While his passing marks the close of an important chapter, the foundations he helped build remain firmly in place. His legacy continues through the thriving business, the global watch community he nurtured, and the next generation entrusted with carrying the vision forward.
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