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The Curator // FBCG Member Newsletter // October 2022 

The Great Transition.

It is October finally! We wish to remind members that this is your last chance to register for our Gala Awards, Annual Summit and General Assembly from 19-20 October in Dubai.
Explore summit website
Password: FBCG2022

A recap of September – we had a busy month. Our emerging leaders attended a 2-day Board and Governance program with London Business School and Egon Zehnder. Plus, members and their legal counsels gathered at our Legal Roundtable where we explored the latest legislation affecting family businesses. Some of our members joined the Global FBN Summit in Hungary. We also witnessed the launch of the first global venture builder program, a partnership between UAE’s government and many stakeholders including FBCG. 

Community highlights

Launch of UAE's ‘Thabat’ programme to support family businesses

FBCG partners with UAE’s government to launch first global venture builder program for family businesses. Learn more

Fardan Alfardan wins the Global FBN NxG Award 2022

Congratulations to Fardan Fahad Alfardan, General Manager at Safwa for winning the FBN NxG Lombard Odier Award - the first GCC winner in its history. Learn more

Upcoming events

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

Top 100 Arab Family Businesses

In the annual Forbes top 100 family companies, 89% are diversified business conglomerates. Saudi companies dominate the list with 37 entries, followed by the U.A.E with 25, and Kuwait with eight. Learn more

Why Your Family Business Needs Family Members on the Board

How can you get alignment between the competitive strategy of the business and the continuity strategy of the owners? Read more

Moving a Family Business Beyond the Founder’s Vision

How do succeeding generations preserve the founder’s legacy and continue to build a thriving family enterprise? Read more

Global family business news

AL GHURAIR: How Abdullah Al Ghurair Foundation for Education empowers Emirati, Arab youth. CNN Arabic and the Abdulla Al Ghurair Foundation for Education are working together on "Siraj" - a unique initiative that will upskill 300 young Emirati and Arabs using core journalistic principles and practices.

AL RAJHI: Al Rajhi Bank increases stake in Al Rajhi Takaful to 35%.

BAHWAN: Sheikha Amina bint Saud Bahwan has donated RO4mn for the expansion of the Royal Hospital in Muscat.

GARGASH: Daman Investments launches the “Daman UAE IPO Fund”.

JAMEEL: Abdul Latif Jameel Health strengthens position, announces new international commercial network.

MAJID AL FUTTAIM: Majid Al Futtaim saves 6,530 labour hours with Microsoft’s data analytics platform. MAF lists winners of its start-up accelerator programme. Majid Al Futtaim and AUD launch new initiative to foster the next generation of talent. Majid Al Futtaim on track to hire 3,000 Emiratis by 2026.

NUTRESA: Abu Dhabi Royal’s firm offers $2 Billion for Nutresa Stake.

PATAGONIA: Billionaire Yvon Chouinard gives away Patagonia to fight climate crisis.

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