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The Curator // FBCG Member Newsletter // September 2022 

GCC Annual Summit & General Assembly.

Now that the summer is almost over, we wish to remind members to mark your calendars for our Annual Summit and General Assembly on 19-20 October in Dubai.
Explore summit website
Password: FBCG2022

Community highlights

DIFC launches first global family business and private wealth centre

DIFC is creating a hub for global and regional family-owned businesses, UHNWIs and private wealth. Read more

Mashreq Bank appoints Muna Al Ghurair

Muna Al Ghurair joins Mashreq Bank as the Group Head of Marketing & Corporate Communications. Read more

Upcoming events

Legal Roundtable

Thu 8 September
Dubai, UAE
RSVP: rsvp@fbc-gulf.org

INSEAD Family Enterprise Day

Fri 23 September
Fontainebleau, France
REGISTER

FBN Global Summit

Wed 28 September - Sat 1 October
Budapest, Hungary
REGISTER
Password: Bridges

GCC Annual Summit & Gala

Wed 19 - Thu 20 October
Dubai, UAE
RSVP: rsvp@fbc-gulf.org

Family Farm Retreat

Thu 3 November
Khobar, Saudi Arabia
Hosted by Albarwadi Family
RSVP: rsvp@fbc-gulf.org

Featured insights

The family balance sheet

UBS define the five forms of capital, outline ways of growing the qualitative capitals and suggest a method for measuring that growth. Read more

New Saudi Companies Law 2022

The National Law Review shares its analysis of the key changes to be introduced by the New Law and the next steps. Read more

Global family business news

ACWA POWER: ACWA Power will start operations at a $797 million water desalination plant in Umm Al Quwain, a project that will contribute significantly to water requirements in the UAE's Northern Emirates. ACWA Power to implement RES projects in Kazakhstan.

AL GHURARI: Al Ghurair Properties has launched Stay Holiday Homes, a new holiday home concept offering high-quality vacation properties suitable for short-term stays or month-long trips.

ALRAJHI: Al Rajhi Bank Malaysia partners with Darwinbox to accelerate HR digital transformation. Visa and Al Rajhi Bank push to empower female entrepreneurs in Saudi Arabia.

HARRIS: The Harris family, which co-founded Bourne Leisure in the 1960s, has offered to buy back Butlin’s operating business.

HONDA & KOO: Honda and LG to build $4.4bn US battery plant.

KLI: Kli Capital transitions from family office to institutional VC for $50 million Fund III.

ORTEGA: Ortega’s firm, the owners of Inditex and Zara, has increased investments in global real estate and energy, diversifying away from retail as Inditex shares sank. 

SAMSUNG: Samsung Electronics Co. Vice Chairman Jay Y. Lee won a presidential pardon from graft charges, allowing him to formally take the helm of an electronics conglomerate roiled by global demand and supply shocks.

YAMAUCHI: Pursuing sustainable development, Nintendo’s founding family are deploying their $1.5bn war chest to Tokyo Construction.

FAMILY OFFICES: Investments in the Gulf by ultra-high-net-worth family offices will increase by at least 50 per cent over the next decade.

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