Family Business Continuity in the Middle East & Muslim World: Betting Against the Odds

(Hardback)

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What does it take to ensure family business continuity into future generations In Family Business Continuity in the Middle East & Muslim World: Betting Against the Odds, Fadi Hammadeh, a seasoned legal professional and intellectual offers a surprising answer to readers. In elegant and delightful prose, the author exposes the enviable role that family business plays in society in the Middle East and its contribution to the area's non-oil GDP. In this book, readers will understand the four pillars of successful succession planning, learn strategies on managing family conflict, discover great leadership skills, and find the tools they need to create an effective family business strategy. In the Gulf Cooperation Council alone, it is anticipated that more than one trillion US dollars will change hands from one generation to another over the next decade. The peaceful generational transition of wealth is not guaranteed, however, owing to the absence of viable and tested legal and governance frameworks. The issue of family business succession planning in the Middle East and Muslim world is further complicated by the impact of forced heirship rules under Sharia law. Family Business Continuity in the Middle East & Muslim World: Betting Against the Odds illustrates the methods these firms can use to ensure the continued success of both the business and the family.

Author Bio

A lawyer by profession, Fadi Hammadeh is the General Counsel of Al Futtaim Group, one of the most successful family conglomerates in the Middle East. He has worked with several other family firms in the region before that, and practiced as a litigation and corporate lawyer with international law firms in a career spanning over two decades. An expert in the subject of succession planning in the Middle East, he is an active speaker on family business continuity and has published extensively on the subject. Over the years, Fadi has helped advancing workable continuity frameworks to accommodate the particular nature of family firms in the region. He also advised the Emirate of Dubai and the Government of the UAE on the drafting of appropriate legislative frameworks to facilitate successful family firms transition. Fadi holds a LLB in law, three LLMs in Law from Assas (Paris II), Sorbonne (Paris I) and University of London and an Executive MBA (Jointly offered by NY University, LSE & HEC).