The Dubai Centre for Family Businesses, operating under Dubai Chambers, recently brought together leaders from prominent family-owned enterprises to discuss business continuity and legacy preservation. The session, part of its ‘Governance Series,’ addressed how these foundational pillars of Dubai’s economy can adapt to market volatility and shifting consumer demands.
Quick Facts
- Event: ‘Safeguarding Family Business Legacy in Turbulent Times’ session.
- Speakers: Leaders from Seddiqi Holding and Emirates Macaroni Factory.
- Attendance: 35 representatives from Dubai’s family business community.
Insights From Emirati Business Leaders
The event featured a direct conversation with Osama Seddiqi, Vice Chairman of Seddiqi Holding, and Ahmad Belyouha, Chairman of Emirates Macaroni Factory. With 35 members of Dubai’s family business community in attendance, the two speakers shared practical perspectives on ensuring continuity, adapting to modern challenges, and preparing the next generation of leaders.
The discussion focused on strengthening governance frameworks and effective succession planning as key tools for managing transitions. Both speakers emphasized the need for a unified family purpose to maintain resilience and drive sustainable long-term growth.
A Focus on Governance and Next-Gen Leaders
H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, highlighted the importance of structured growth and forward-thinking leadership in preserving the legacies built by founding generations.
“Effective corporate governance, the empowerment of young leaders, and enhanced operational resilience are key pillars for ensuring continuity and strengthening long-term competitiveness, while preserving the values and principles that define each family business’s identity and journey,” commented Lootah.
The session aimed to provide actionable insights for families to strengthen their organizational frameworks and prepare for the future with confidence.
About the Dubai Centre for Family Businesses
The Dubai Centre for Family Businesses was established to support family-owned enterprises, a vital component of the UAE’s economy. Operating under the umbrella of Dubai Chambers, the Centre provides resources, educational sessions, and networking opportunities focused on critical topics like succession planning, governance, and regulatory compliance to ensure the long-term success and sustainability of family businesses in the emirate.
Source: Zawya
