05/10/2022
Half a million family businesses provide 52% of the total private sector jobs
Asharqia Chamber recently issued the thirty-fourth issue of the "Family" bulletin, and the new issue included a special dialogue with the President of the National Center for Family Enterprises, Dr. Ghassan bin Ahmed Al-Sulaiman, who confirmed that the new corporate system will play an important role in providing an incubating and stimulating environment for investment. Enhancing the value of family businesses and increasing their contribution rates to the national economy. Today, many family business owners in the Kingdom are convinced of the idea of the family pact and its role in regulating ownership in the company. He revealed that half a million family businesses are operating in the Saudi market, providing a rate of 52%. of the total jobs provided by the private sector.
The new issue included several analyzes about the sole leader in the family business, whether is it a problem or a solution?, as well as the solutions that the new corporate system presented to the challenges facing family businesses, as well as its review of real experiences of local, regional and global family companies that were able to maintain the sustainability of their businesses through Its generations, such as the experience of Sainsbury's, a British company, has continued its activities since 1869 and is the second largest retail chain of stores in the United Kingdom in size.
The bulletin also included coverage of the most prominent recent studies on family business, as well as reports that deal with the steps of preparing the heir, and coverage of activities related to family businesses such as governance and institutionalization and their interactions locally, regionally, and globally. The National Center for Family Enterprises, in mid-December, at the Chamber's headquarters.
