#Family Business
The need for an external CEO often comes to the fore when a family business is undergoing significant strategic changes – moving into new markets, going through transformation, or facing a severe downturn
The head of MHD ACERE credits his grandfather, the late Mohsin Haider Darwish, with having a long-term vision that laid the foundation for one of the leading family businesses in the GCC region
Family-owned businesses comprise a majority of the UAE’s private sector and significantly contribute to Dubai’s non-oil GDP
The programme aims to transform 200 family business projects into major companies by 2030 with a market value exceeding Dhs150bn and annual revenue of Dhs18bn
The law is not applicable to family-owned businesses where non-family members own more than 40 per cent of shares
Adopting a robust governance framework offers a roadmap for businesses to move forward