While more than 85 per cent of privately held businesses in the Middle East are family-owned, the first line of founders are now reaching retirement age and are finding succession planning a critical challenge, a report said.
As the Gulf's initial public offering (IPO) and private equity markets rebound, aided by improved confidence in the regional economy, companies '“ including family businesses '“ are increasingly looking at IPOs or private
More than 80 per cent of family-owned businesses have no term or age limits on board membership and one-third do not evaluate board members' performance, a survey has found.
The survey by Deloitte also found that nearly half (
More than 800 members from across the globe are expected to attend the Middle East region's first 'Family Business Network International' event to be held in Dubai this October.
The event marks the first time Family Bu
Saudi Arabia’s capital markets are set for sustained growth, said a top financial official.
“We see strong demand coming from within the Saudi Arabian economy,” remarked Adel Saleh Al-Ghamdi, the CEO of the Saudi Stock
Ernst & Young (E&Y) has announced the launch of its Global Family Business Center of Excellence, a powerful new online resource.
The center showcases E&Y’s long and deep commitment to family businesses and provid
Arab family businesses face the risk of destruction of value if they fail to professionalise the governance structures of their businesses, an expert has warned.
Global statistics show that less than 10 per cent of family business
Leading professional services advisory firm KPMG has announced the launch of a global centre of excellence for family business.
The initiative is in collaboration with Young Presidents' Organisation (YPO), a global network of young
Family businesses in the Middle East are now competing in a more turbulent environment dominated by pluralistic social values, intensified competition, a global economy and rapidly changing politics and regulation, said a report.
Dubai Business Women Council (DBWC) president Raja Al Gurg has received the ‘Most Influential Arab Woman in Family Business’ award during the Forbes Middle East CEOs Forum held in Dubai recently.
The awards ceremony was host