Family businesses in Mena region are facing rapidly challenges to development, to overcome which they need to identify their priority areas and proactively institutionalize, said management consultancy Strategy& in a recent study.
Family businesses in Bahrain and around the GCC must focus on governance, succession and structure to ensure sustainability and bolster against external pressures, according to experts.
Around 30 prominent members of family office
A new generation of young and highly motivated and well-educated men and women is ready to take over leadership of their family businesses, a Deloitte report said, adding that 80 per cent say that their leadership style will be different compare
Investcorp, a leading provider and manager of alternative investment products, today hosted a conference in Grand Hyatt Muscat to discuss investment opportunities that can support the sustainable growth of family businesses in the Gulf.
Transition in family enterprises and preparing the next generation to move into leadership roles will form the agenda for the upcoming Middle East and South Asia (MESA) Family Business Conference in Bahrain.
Hosted by KPMG in Bahr
One of the UAE most prominent businessmen is leading calls for regulations across the Gulf Arab region to smooth the transfer of ownership of family businesses after the death of the founder.
Family businesses generate more than 8
The issues facing Bahrain's family businesses and what needs to be done to make their model more robust will be discussed at a key seminar this evening (April 5).
Organised by Khalid Kanoo-led Bahrain Family Business Associati
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 (