المدونة

The first appearance of family companies took place in the sixties and seventies of the last century, during the era of political stability in the Kingdom of Saudi Arabia with King Abdulaziz Al Saud assuming the reins of power.

Family businesses are considered one of the most important economic entities that are established in the Kingdom of Saudi Arabia, as they help the family entity to exercise the supervisory, administrative and financial role for family projects, and although family businesses are the oldest and most widespread model in the world, they are characterized by a wide spread in the Kingdom of Saudi Arabia It is one of the best pillars of the economy in the Kingdom

What are family businesses: They are companies in which two or more family members participate and have ownership and the right to control management and decision-making. The center of power in it is represented largely in the owners rather than in the elements of management, linked not only by common investment interests, but also personal relationships, as it represents a dynamic unit linked by the family relationship in one way or another.