I sat down with Farida El Agamy, an entrepreneur, a lawyer and expert on the MENA family business landscape, to get a peak into the rise and challenges of the families that shaped our region from the Almajdouie and Zamil families in Saudi Arabia, to W.J. Towell in Oman, the Sawiris in Egypt and Juma Al Majid in the UAE and many more. Those family businesses grew to become multifaceted conglomerates employing thousands and creating a considerable economic and social impact across the region.
Farida shared insights from her extensive research work at Tharawat Family Business Forum, highlighting the critical importance of succession planning, governance, and the role of women in family businesses. We explored the rise of single-family offices, how investment strategies are evolving across generations, and the increasing importance of sustainability. Throughout our discussion, we kept circling back to one question: how will the 3rd or 4th generation of family business owners navigate the complexities of a rapidly changing world?
To learn more about family businesses in MENA visit: www.tharawat.org and www.familybusinesshistories.org or connect with Farida on LinkedIn: https://www.linkedin.com/in/faridafelagamy/