emirates7 - The Dubai Centre for Family Businesses, operating under Dubai Chambers, has signed a Memorandum of Understanding (MoU) with Emirates NBD to strengthen support for family-owned businesses in Dubai and foster their sustainable, long-term development.
As part of the agreement, the Centre will work closely with Emirates NBD’s Private Banking division to establish a comprehensive framework aimed at preserving family wealth, legacy, and values for future generations. This collaboration will cover crucial areas such as governance structures and succession planning.
Additionally, the Centre will offer customised advisory services to Emirates NBD’s family business clients. These services will include assessments of governance maturity, the creation of family charters, and the development of family office models to ensure smooth transitions between generations.
The MoU also outlines plans for Emirates NBD to encourage its family business clients to take part in leadership development programmes led by the Centre. These programmes aim to build expertise in governance, succession, and business continuity.
Specialised workshops will also be organised by the Centre for the bank’s clients, focusing on best practices in family governance, succession strategies, and family office setup. Emirates NBD experts will contribute to these events as well.
Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers, highlighted the importance of family businesses in driving economic progress. He stated that the partnership demonstrates a shared vision to empower family enterprises with the tools needed to thrive across generations and remain competitive locally and globally.
AlJarwan emphasized the Centre’s dedication to helping family businesses implement strong governance practices, plan for succession, and develop next-generation leadership capabilities—key factors for resilience and adaptability in a shifting economic landscape. He affirmed that strategic collaborations like this one are essential to advancing economic diversification and reinforcing Dubai’s status as a global business hub.
Mohammad Al Bastaki, Group Head of Private Banking at Emirates NBD, expressed the bank’s enthusiasm for partnering with the Centre to reinforce Dubai’s family business sector. He noted that this sector is a major contributor to GDP, and the new collaboration reflects the bank’s commitment to economic advancement aligned with the Dubai Economic Agenda.
Al Bastaki also pointed out that recent regulatory and legislative reforms in the UAE have enhanced family businesses’ preparedness for succession. However, he cautioned that only about 20% of family firms in the Middle East make it to the third generation of leadership.
As part of the agreement, the Centre will work closely with Emirates NBD’s Private Banking division to establish a comprehensive framework aimed at preserving family wealth, legacy, and values for future generations. This collaboration will cover crucial areas such as governance structures and succession planning.
Additionally, the Centre will offer customised advisory services to Emirates NBD’s family business clients. These services will include assessments of governance maturity, the creation of family charters, and the development of family office models to ensure smooth transitions between generations.
The MoU also outlines plans for Emirates NBD to encourage its family business clients to take part in leadership development programmes led by the Centre. These programmes aim to build expertise in governance, succession, and business continuity.
Specialised workshops will also be organised by the Centre for the bank’s clients, focusing on best practices in family governance, succession strategies, and family office setup. Emirates NBD experts will contribute to these events as well.
Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers, highlighted the importance of family businesses in driving economic progress. He stated that the partnership demonstrates a shared vision to empower family enterprises with the tools needed to thrive across generations and remain competitive locally and globally.
AlJarwan emphasized the Centre’s dedication to helping family businesses implement strong governance practices, plan for succession, and develop next-generation leadership capabilities—key factors for resilience and adaptability in a shifting economic landscape. He affirmed that strategic collaborations like this one are essential to advancing economic diversification and reinforcing Dubai’s status as a global business hub.
Mohammad Al Bastaki, Group Head of Private Banking at Emirates NBD, expressed the bank’s enthusiasm for partnering with the Centre to reinforce Dubai’s family business sector. He noted that this sector is a major contributor to GDP, and the new collaboration reflects the bank’s commitment to economic advancement aligned with the Dubai Economic Agenda.
Al Bastaki also pointed out that recent regulatory and legislative reforms in the UAE have enhanced family businesses’ preparedness for succession. However, he cautioned that only about 20% of family firms in the Middle East make it to the third generation of leadership.