Ahmad Anani, Jihane Rizk and Sevcan Aydemir write for Wealth Briefing on the rise of private equity in Middle East family businesses
min readAccording to a recent KPMG report, family-owned businesses in the United Arab Emirates account for 90 per cent of the GDP, employ 80 per cent of the workforce, and represent around 90 per cent of the private companies.
Traditionally seen as the economic backbone, these family-run businesses are now increasingly embracing private equity as a strategic partner for growth and modernisation.
In an article for Wealth Briefing, Ahmad Anani, Head of Capital Markets and Regulation (Middle East), Jihane Rizk, Legal Director and Sevcan Aydemir, Senior Associate explore the involvement of Middle East-based families in the private equity space and reflect on wider trends around private market investing and development.
In the article they cover:
- The emergence of private equity in family businesses
- The convergence of tradition and modern finance in the Middle East
- The BinDawood Group - success story
- Benefits of private equity for family businesses
- Challenges and considerations
- Future landscape
Read the full piece in Wealth Briefing here.
