Latest news with #DowntownRotanaHotel
Daily Tribune
21-04-2025
- Business
- Daily Tribune
Legacy Forum 2025 to spotlight future of Arab family businesses
With a focus on balancing tradition with innovation, the second edition of the Legacy Family Business Forum 2025 will be held in Bahrain on Wednesday at the AlMaha Ballroom – Downtown Rotana Hotel. The event is organised by Expressions Media in collaboration with the Ministry of Industry and Commerce and the National Center for Family Businesses in Saudi Arabia. Held under the patronage and in the presence of Abdulla bin Adel Fakhro, Minister of Industry and Commerce, the forum will bring together leading family business figures, policymakers, and industry experts from across the region. This year's theme, 'Sustaining a legacy: the balance between tradition and innovation', highlights the importance of long-term planning, governance, and transformation within family-run enterprises. Family businesses in the Arab world account for around 90% of the MENA private sector, contributing 30% to GDP and employing nearly half of the region's workforce. A recent Forbes Middle East list revealed that Gulf-based businesses made up 75% of the region's most successful family enterprises, underscoring their dominance in regional economies. Bahrain, historically recognised as a centre of trade and entrepreneurship, continues to serve as a hub for family-owned businesses. The Legacy Forum will open a vital dialogue between founding members and the next generation of leaders, addressing key topics such as business succession, innovation integration, and global expansion.
Zawya
13-03-2025
- Business
- Zawya
Bahrain Duty Free plans major global expansion
Bahrain Duty Free Shop Complex is exploring domestic and international expansion, chairman Abdulla Buhindi announced following the company's annual general assembly meeting. Mr Buhindi said the company is seeking additional space at Bahrain International Airport and is open to opportunities abroad, noting a minority stake in an Abu Dhabi project. He paid tribute to the late chairman Farouk Almoayyed, acknowledging his role in the company's establishment. The meeting, held at the Downtown Rotana Hotel, saw the election of a new 10-member board of directors for 2025-2028, comprising Mr Buhindi, Shaikh Khalid bin Ali Al Khalifa, Jehad Yousif Amin, Mohammed Farouk Almoayyed, Mohammed Al Khan, Amal Muhlis, Mohammed Al Sheikh, Ghassan Al Sabbagh, Shaikh Mohammed bin Ali Al Khalifa and Jalal Mohammed Jalal. Additionally, Mohammed Al Zain and Tariq Jassim Fakhro were elected as reserve members. Shareholders approved a 35 per cent cash dividend, equivalent to 35 fils per share, totalling BD4,979,518, to be paid by March 27, 2025. The meeting also approved the 2024 financial statements and the Corporate Governance Report. Discussions arose regarding increasing board members, but it was decided to address the appointment of an independent member at a separate meeting. The extraordinary general assembly approved amendments to authorised signatories, with the chairman and vice-chairman now authorised for all company matters. Previous proxies to the late Farouk Almoayyed were revoked. The assembly also approved revisions to the company's Articles and Memoranda of Association. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
