Family business leaders review 2013 plans
Dubai, April 23, 2013
The advisory board of Tharawat Family Business Forum (TFBF), a private sector business network for family-owned companies, recently reviewed its achievements in 2012 and its plan its activities in 2013 at a meeting in Dubai.
The independent and non-profit Tharawat Family Business Forum is composed of family business leaders from Kuwait, the UAE, Saudi Arabia, Oman and Yemen.
The board also discussed opportunities and challenges family business are facing and how the Tharawat Family Business Forum can address these challenges, continue to develop a platform to help new generations in family businesses, and to exploit new business opportunities.
The board has approved Tharawat Family Business Forum’s activities for 2013, which will focus on reinforcing the exchange of best practices among family businesses in the Mena region to ensure business growth and sustainability.
The forum should also play an important role in developing learning opportunities, especially for future leaders in family businesses.
The meeting’s attendees were family business leaders from throughout the region, joined by the common interest of strengthening and supporting family business in the Arab world.
Essa Al Ghurair, chairman of Al Ghurair Foods and vice chairman of Al Ghurair Investments and chairman of Tharawat, said: “if families stand closer together, share access to best practices and pool resources to develop further thought leadership adapted to our region, they can contribute not only to their own sustainability, but create knowledge and support for their peers.”
Abdullah Almajdouie, president of the Almajdouie Group in Saudi Arabia, Tharawat board member, said: “Collaborations between families from the Gulf, the Levant and North Africa would not only help in exchanging best practices, but can also open great business opportunities and contribute to a better understanding across the region.”
Khalid Al Zamil, managing director Strategy Planning of the Zamil Group, Saudi Arabia, Tharawat Board member, added: “An organisation that has the vision to truly support the Mena family business community and address their challenges needs to understand the requirements and intricacies of such companies.”
Abdallah Obeikan, CEO of Obeikan Investment Group, Saudi Arabia, Tharawat board member, emphasized the importance for families to have “access to the best quality of thought leadership and education from other regions of the world, which should then be adapted and embedded into our region to address the challenges we face.”
“Awareness about the role of family businesses in regional economies has to increase. On the one hand, this will require families to communicate more about their activities, and on the other hand interest groups need to support a better dialogue in this area,” said Hussain Jawad, chairman of WJ Towell, Oman, Tharawat vice-chairman.
Abdelmonem Al Serkal, director at Al Serkal Group, UAE, member of the Tharawat executive committee, said: “Art and culture are defining factors in the direct environment of business owning families. They can be used as positive influences bringing the families closer together, as well as stimulating innovative thinking.” – TradeArabia News Service