Latest news with #KhalidAlJarwan
Arabian Business
15-07-2025
- Business
- Arabian Business
Dubai family businesses get new support framework through Emirates NBD partnership
The Dubai Centre for Family Businesses, operating under Dubai Chambers, has signed a Memorandum of Understanding (MoU) with Emirates NBD to enhance support for family businesses in Dubai and promote their long-term growth. Under the MoU terms, the centre will collaborate with Emirates NBD's Private Banking division to develop and integrate a framework of functions to help businesses preserve their family wealth, legacy and values for future generations. This includes support in family business governance and succession planning. 'Family businesses play a pivotal role in driving economic development, and ensuring their continued success is vital to sustainable growth. This collaboration between the Dubai Centre for Family Businesses and Emirates NBD reflects our shared commitment to supporting the long-term growth of family enterprises across generations by equipping them with the tools they need to thrive and enhance their competitiveness both locally and globally,' Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers said. 'We are committed to supporting family businesses in adopting best practices in governance, succession planning, and next-generation skills development. This helps to strengthen their resilience and adaptability in an evolving economic landscape. We remain focused on building strategic partnerships to offer holistic solutions that support the continuity and expansion of family businesses, which are key to economic diversification and cementing Dubai's position as a global business hub,' AlJarwan added. The centre will offer advisory services to the bank's family business clients, including governance maturity assessment, the development of family charters and family office structure to ensure generational transitions. According to the MoU, Emirates NBD will encourage its family business clients to participate in leadership development programmes organised by the Dubai Centre for Family Businesses. These programmes are designed to enhance knowledge and skills in governance, succession planning, and business continuity. The agreement encompasses the organisation of workshops by the centre for Emirates NBD clients focusing on topics including practices in family governance, succession planning, and family office structures. Experts from Emirates NBD will also participate in the centre's events. 'Emirates NBD is pleased to collaborate with the Dubai Centre for Family Businesses to strengthen the emirate's family-owned business ecosystem. This sector plays a vital role in driving GDP, and our new partnership solidifies Emirates NBD's commitment to economic growth in line with the Dubai Economic Agenda,' Mohammad Al Bastaki, Group Head of Private Banking at Emirates NBD said. 'The recent introduction of various regulatory and legislative changes across the UAE has positively enabled family businesses to be better prepared for succession. However, it is estimated that only 20 per cent of family businesses in the Middle East are managed by the third generation,' Al Bastaki added.
Hi Dubai
15-07-2025
- Business
- Hi Dubai
Dubai Centre for Family Businesses Partners with Emirates NBD to Support Legacy Planning and Growth
The Dubai Centre for Family Businesses, a division of Dubai Chambers, has signed a Memorandum of Understanding (MoU) with Emirates NBD to enhance the resilience and long-term success of family-owned enterprises in the emirate. The partnership will focus on areas such as governance, succession planning, and legacy preservation—key pillars for ensuring the continuity of family businesses across generations. Through this agreement, the Centre will work closely with Emirates NBD's Private Banking division to design an integrated framework for supporting family business clients. The framework will include personalised advisory services such as governance maturity assessments, drafting of family charters, and structuring family offices to aid in smooth generational transitions. The initiative will also encourage participation in leadership development programmes run by the Centre. These programmes are crafted to equip current and future business leaders with skills in succession, governance, and continuity planning. Additionally, specialised workshops will be organised for Emirates NBD clients, focusing on best practices in family business management. Experts from the bank will contribute insights and participate in Centre-led events. Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers, said: 'Family businesses play a pivotal role in driving economic development, and ensuring their continued success is vital to sustainable growth… This collaboration reflects our shared commitment to supporting the long-term growth of family enterprises…' Mohammad Al Bastaki, Group Head of Private Banking at Emirates NBD, highlighted the bank's commitment to the sector: 'Our new partnership solidifies Emirates NBD's commitment to economic growth in line with the Dubai Economic Agenda.' He noted that although recent regulatory reforms have improved succession readiness, only 20% of family businesses in the Middle East successfully transition to the third generation, highlighting the urgent need for structured support and education. News Source: Emirates News Agency
Gulf Today
15-07-2025
- Business
- Gulf Today
Dubai Centre for Family Businesses, Emirates NBD to support family businesses
The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, has signed a Memorandum of Understanding with Emirates NBD to enhance support for family businesses in Dubai and promote their sustainable long-term growth. Under the terms of the MoU, the centre will collaborate with the Private Banking division at Emirates NBD to develop and integrate a framework of key functions to help businesses preserve their family wealth, legacy and values for future generations. This includes support in areas such as family business governance and succession planning. The centre will also offer tailored advisory services to the bank's family business clients, including governance maturity assessment, the development of family charters and family office structure to ensure smooth generational transitions. According to the MoU, Emirates NBD will encourage its family business clients to participate in leadership development programmes organised by the Dubai Centre for Family Businesses, which are designed to enhance knowledge and skills in governance, succession planning, and business continuity. The agreement also encompasses the organisation of specialised workshops by the centre for Emirates NBD clients focusing on key topics including best practices in family governance, succession planning, and family office structures. Experts from Emirates NBD will also participate in the centre's events. Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers, commented, 'Family businesses play a pivotal role in driving economic development, and ensuring their continued success is vital to sustainable growth. This collaboration between the Dubai Centre for Family Businesses and Emirates NBD reflects our shared commitment to supporting the long-term growth of family enterprises across generations by equipping them with the tools they need to thrive and enhance their competitiveness both locally and globally.' AlJarwan added, 'We are committed to supporting family businesses in adopting best practices in governance, succession planning, and next-generation skills development. This helps to strengthen their resilience and adaptability in an evolving economic landscape. We remain focused on building strategic partnerships to offer holistic solutions that support the continuity and expansion of family businesses, which are key to economic diversification and cementing Dubai's position as a global business hub.' Mohammad Al Bastaki, Group Head of Private Banking at Emirates NBD, said, 'Emirates NBD is pleased to collaborate with the Dubai Centre for Family Businesses to strengthen the emirate's family-owned business ecosystem. This sector plays a vital role in driving GDP, and our new partnership solidifies Emirates NBD's commitment to economic growth in line with the Dubai Economic Agenda.' Al Bastaki added, 'The recent introduction of various regulatory and legislative changes across the UAE has positively enabled family businesses to be better prepared for succession. However, it is estimated that only 20% of family businesses in the Middle East are managed by the third generation.' WAM
Emirates 24/7
15-07-2025
- Business
- Emirates 24/7
Dubai Centre for Family Businesses, Emirates NBD to support family businesses
The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, has signed a Memorandum of Understanding with Emirates NBD to enhance support for family businesses in Dubai and promote their sustainable long-term growth. Under the terms of the MoU, the centre will collaborate with the Private Banking division at Emirates NBD to develop and integrate a framework of key functions to help businesses preserve their family wealth, legacy and values for future generations. This includes support in areas such as family business governance and succession planning. The centre will also offer tailored advisory services to the bank's family business clients, including governance maturity assessment, the development of family charters and family office structure to ensure smooth generational transitions. According to the MoU, Emirates NBD will encourage its family business clients to participate in leadership development programmes organised by the Dubai Centre for Family Businesses, which are designed to enhance knowledge and skills in governance, succession planning, and business continuity. The agreement also encompasses the organisation of specialised workshops by the centre for Emirates NBD clients focusing on key topics including best practices in family governance, succession planning, and family office structures. Experts from Emirates NBD will also participate in the centre's events. Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers, commented, 'Family businesses play a pivotal role in driving economic development, and ensuring their continued success is vital to sustainable growth. This collaboration between the Dubai Centre for Family Businesses and Emirates NBD reflects our shared commitment to supporting the long-term growth of family enterprises across generations by equipping them with the tools they need to thrive and enhance their competitiveness both locally and globally.' AlJarwan added, 'We are committed to supporting family businesses in adopting best practices in governance, succession planning, and next-generation skills development. This helps to strengthen their resilience and adaptability in an evolving economic landscape. We remain focused on building strategic partnerships to offer holistic solutions that support the continuity and expansion of family businesses, which are key to economic diversification and cementing Dubai's position as a global business hub.' Mohammad Al Bastaki, Group Head of Private Banking at Emirates NBD, said, 'Emirates NBD is pleased to collaborate with the Dubai Centre for Family Businesses to strengthen the emirate's family-owned business ecosystem. This sector plays a vital role in driving GDP, and our new partnership solidifies Emirates NBD's commitment to economic growth in line with the Dubai Economic Agenda.' Al Bastaki added, 'The recent introduction of various regulatory and legislative changes across the UAE has positively enabled family businesses to be better prepared for succession. However, it is estimated that only 20% of family businesses in the Middle East are managed by the third generation.'
Al Etihad
15-07-2025
- Business
- Al Etihad
Dubai Centre for Family Businesses, Emirates NBD to support family businesses
15 July 2025 12:45 DUBAI (WAM) The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, has signed a Memorandum of Understanding with Emirates NBD to enhance support for family businesses in Dubai and promote their sustainable long-term the terms of the MoU, the centre will collaborate with the Private Banking division at Emirates NBD to develop and integrate a framework of key functions to help businesses preserve their family wealth, legacy, and values for future generations. This includes support in areas such as family business governance and succession centre will also offer tailored advisory services to the bank's family business clients, including governance maturity assessment, the development of family charters and family office structure to ensure smooth generational to the MoU, Emirates NBD will encourage its family business clients to participate in leadership development programmes organised by the Dubai Centre for Family Businesses, which are designed to enhance knowledge and skills in governance, succession planning, and business agreement also encompasses the organisation of specialised workshops by the centre for Emirates NBD clients, focusing on key topics including best practices in family governance, succession planning, and family office structures. Experts from Emirates NBD will also participate in the centre's President of Commercial and Corporate Services at Dubai Chambers, Khalid AlJarwan, commented, 'Family businesses play a pivotal role in driving economic development, and ensuring their continued success is vital to sustainable growth. This collaboration between the Dubai Centre for Family Businesses and Emirates NBD reflects our shared commitment to supporting the long-term growth of family enterprises across generations by equipping them with the tools they need to thrive and enhance their competitiveness both locally and globally.'AlJarwan added, 'We are committed to supporting family businesses in adopting best practices in governance, succession planning, and next-generation skills development. This helps to strengthen their resilience and adaptability in an evolving economic landscape. We remain focused on building strategic partnerships to offer holistic solutions that support the continuity and expansion of family businesses, which are key to economic diversification and cementing Dubai's position as a global business hub.'Group Head of Private Banking at Emirates NBD, Mohammad Al Bastaki, said, 'Emirates NBD is pleased to collaborate with the Dubai Centre for Family Businesses to strengthen the emirate's family-owned business ecosystem. This sector plays a vital role in driving GDP, and our new partnership solidifies Emirates NBD's commitment to economic growth in line with the Dubai Economic Agenda.' Al Bastaki added, 'The recent introduction of various regulatory and legislative changes across the UAE has positively enabled family businesses to be better prepared for succession. However, it is estimated that only 20% of family businesses in the Middle East are managed by the third generation.'
