Family Business Solutions

It is widely reported that over eighty percent businesses in the MENA region are owned or controlled by families.  As they prepare for the next generation, they face unique challenges to achieve value, both for their business and their families. These challenges include continuity and succession planning, and conflict resolution process. Conflicts can arise for various reasons, including (a) inconsistent inter se family values, (b) entry and progression of family members to business, (c) philanthropy activities. A Family Charter may help govern relationships among family members.

Our family business advisory professionals bring a range of advice to the owners of large, medium and small family businesses to assist them develop achievable visions and goals, and deliver solutions for sustainable success.

Selecting the best business structure
We appreciate the importance of having a business model that sits conveniently with your family's culture/ values. Within the bounds of professional ethics and confidentialities, we bring our experience of working with other families to help you identify the most appropriate or effective ownership models and structures to suit your family.

Providing effective governance
The most successful family businesses make it a priority to understand the dynamics of family relationships, create protocols, and design the appropriate governance structures that promote family harmony and business success.

We can offer an independent perspective in inter-family discussions and help to build clarity and unity of vision, mutually address areas of conflict and establish structures, financial strategies and governance protocols that will form the basis of the business for generations to come.

Preparing for the next generation
We have developed mechanisms to assist families with succession planning to ensure that succeeding generations embrace the family business and provide support to their business managers.

Preventing conflicts
Family members often have conflicting objectives for the business. We can advise you on working methods designed to prevent conflicts and develop protocols to create unity in dealing with any that arise.

Financial strategy & improving business performance
We can assist in developing financial strategy for your family business including review of the strategic objectives, financial performance of the family portfolio, preparation of business plans, fund raising and advising on mergers, acquisitions and disposals.

We can help you improve the operational effectiveness of your business by bringing in experienced, industry-focused performance management, human resources, finance and IT professionals from our network to advise you.

[You may wish to progress reviewing our offering 'Risk Advisory Services' by clicking the TOP rule line based 'What we do' button.]

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    Omar Babtain,
    Founding Partner, Sugar Refining, Bahrain.
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    Eng. Ayman A. Al-Shibl,
    Chairman of the Board, Saudi Superlit, Riyadh.
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    Prince Turki Bin Khalid Bin Faisal,
    Shams Media for International Publishing & Development LLC, Riyadh.
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    Mahmoud Elshorbagi,
    Managing Director, Five Star Flour Mills & Animal Feed Group, Cairo.
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    Group CEO of a prominent private sector Group in various activities,
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    Dr. Othman Altuwairgi,
    Chief Executive Officer, SWAN Medical Company LLC, Riyadh.
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"Older businesspeople, tired, wanting to relax, won't let go. May be their children aren't interested in taking over. Nothing will persuade them to do what they need to, more than if they hear from people they respect that it can be done and that it works."
A wealthy family should tend not only to the FINANCIAL capital but HUMAN capital too. Too many family members forget about THEIR mental and philosophical well-being.  The family should never (a) abdicate its authority and (b) forget to manage the managers.
"Everyone needs managing -- by one/ two trusted family members" .. to serve all the family interests (not just a few), to work for everyone. The cost of maintaining a family can be significant; so consider what it needs relative to the size and wealth of the family.
"Attentive and concerned family Executive are important protector of the family wealth, while a professional advisor helps create the best structure, size and function in the context of the family goals so that the Executive can be confident about the family future."
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