Planning for the Future

The reality is that while the majority of family business owners would like to see their business transferred to the next generation, it is estimated that, 70% will not survive into the 2nd generation, and 90% will not make it to the 3rd generation

• In GCC +90% of all commercial activities are family owned and are getting close to the 3rd generation!
• To sustain a family business “its ultimately not about being a family or non-family business, its about being a good company that is professionally run” (Source: Sheikh Mohamed Al-Rajhi, Chairman of Al-Rajhi Group)
• Family feuds are the legacy of poor leadership and this phenomenon will “start to rear its ugly head in the near future. Impacting the region’s economy” (Source: Mishal Kanoo Deputy Chairman Kanoo Group)
• Unless, there is clear separation between family and business activities via a governance structure, then family businesses in GCC are at risk (Source: Booze & Co)
• Even where Corporate structures exist, they are dominated by powerful family members and in most cases the foreign executives in the boardroom have little influence over company strategy

Is your business ready for future challenges? On top of the challenges of succession, today’s business environment is constantly evolving with technology changing the game every 10 years or less so in order to survive you must adapt.

TIM expert team can help you develop Corporate structures and that will:

• Assisting with Succession Planning
• Carry-out Expansion Plan Stress Testing
• Develop the right Capital Structure Solutions