Iskender Khalilov


Iskender Khalilov has experience in various areas of business in the local and world markets. Remarkable personal qualities, relentless strive for improvement and progress helped Iskender Khalilov create a structure that is nowadays recognized as one of the largest in the private sector of Azerbaijan. Iskender Khalilov graduated from the Azerbaijan National Economic Institute with a degree in economics and holds a bachelor’s degree in Moscow Law Academy. In the mid- 1980-s Iskender Khalilov started his own business in various activities.

Rauf Khalilov


Rauf Khalilov has a bachelor’s degree in International Relations from Franklin College Lugano, Switzerland. After gaining work experience at Finansbank, he helped set up his family’s shipping business, IRS, and worked at Glencore. In 2007, Rauf Khalilov joined the family business in Azerbaijan, where he started the automotive business. In 2010, he set up a logistics company, and today it is integrated into the structure of the SARDA group with a fleet of its own trucks and represents COSCO in Azerbaijan. In 2011, in a partnership with Fawaz Al Hokair, he established “Retail Group Azerbaijan,” which represents more than 35 brands such as Massimo Dutti, Zara, Bershka, Stradivarius, and others, with over 600 employees. In 2024, together with the Al Hokair brothers, they launched CENOMI Uzbekistan with all of Inditex’s brands in Uzbekistan, employing 250 people at present.
In 2023, he and his partners started an F&B business with one of the world’s famous coffee brands, COSTA COFFEE, opening 8 stores in Azerbaijan and planning to open its first store in Georgia in 2025. Rauf Khalilov actively supports the development of sports in Azerbaijan. He is the president of the Azerbaijan Golf Federation and a board member of SABAH FC. Additionally, he is a co-chair of the Strategic Operations Committee of the Swiss-Azerbaijani Chamber of Commerce and Industry.


Tariel Rustamov


Finance Director of ISR Holding since April 2016. Tariyel was born in Baku, Azerbaijan in 1981. He is married, and father of two children. After receiving Bachelor’s and Master’s degrees from the Azerbaijan State University of Economics in 2004, Tariyel has gained 17-years of professional experience in audit, accounting, financial reporting and management.
Tariyel is a Certified Public Accountant (CPA) from the National Association of State Boards of Accountancy (NASBA) of the United States of America. He is also a Certified Information Systems Auditor (CISA) from Information Systems Audit and Control Association (ISACA), an international professional association focused on governance.

Farhad Sattarov


Director on legal affairs of ISR Management and Director of ISR Kapital Investments LLC the owning company of Hilton Hotel Baku. Born in Baku in 1974.  After graduating from Baku State University and Western University from 2000-2008 worked in VES Consulting company as a director on Legal affairs. From 2003-2004 Participated in traineeships and internships programs in London organized by LSE.
Joined ISR Holding in 2008. Farhad is an experienced corporate and commercial lawyer, mainly specializing in tax, labor and cross-border business matters with more than 20 years of professional experience. Farhad has conducted numerous due diligence checks of various investments and production projects with the involvement of international, local and governmental agencies.