Consistent with nationwide efforts to strengthen the sustainability of family-owned enterprises and reinforce their contribution to the nationwide financial system, Abu Dhabi hosted the “Past Legacy: Sustaining Household Companies within the UAE” seminar. The occasion was organised by Habib Al Mulla and Companions, in collaboration with the Ministry of Economic system and Tourism and the Abu Dhabi Household Enterprise Council, an entity of the Abu Dhabi Chamber of Commerce and Trade. The seminar aimed to focus on the crucial function of institutional governance and long-term strategic planning in guaranteeing efficient and sustainable intergenerational succession inside household companies.
The seminar convened with the participation of H.E. Abdulla bin Touq Al Marri, Minister of Economic system and Tourism, alongside H.E. Shamis Ali Khalfan Al Dhaheri, Second Vice Chairman and Managing Director of the Abu Dhabi Chamber; H.E. Khaled Abdul Karim Al Fahim, Chairman of the Abu Dhabi Household Enterprise Council and Board Member of the Abu Dhabi Chamber ; and H.E. Masood Rahma Al Masood, Vice Chairman of the Abu Dhabi Household Enterprise Council and Treasurer of the Board of Administrators of the Abu Dhabi Chamber. The seminar was additionally attended by Ms. Alia Habib Al Mulla, Head of Industrial Disputes at Habib Al Mulla & Companions, along with a choose group of household enterprise leaders and authorized and financial consultants.
The seminar builds on the success of the inaugural “Past Legacy” version held in Dubai and arranged by Habib Al Mulla and Companions Agency, marking a brand new milestone inside a collection of ongoing nationwide efforts geared toward strengthening institutional governance tradition, supporting the sustainability of household companies, and enabling them to proceed enjoying a pivotal function in financial diversification and competitiveness, according to the UAE’s long-term financial imaginative and prescient.
The programme featured a keynote handle by H.E. Abdulla bin Touq Al Marri, Minister of Economic system and Tourism, who highlighted the function of supportive financial insurance policies and legislative frameworks in enhancing the sustainability of household companies and advancing the targets of UAE Imaginative and prescient 2031.
The seminar additionally included two key panel discussions. The primary centered on the authorized frameworks and governance constructions governing household companies, whereas the second addressed sensible experiences, success tales, and challenges related to the implementation of governance fashions, the transition from conventional to institutional administration, the peace of mind of generational succession, and the event of household constitutions and charters.
H.E. Abdulla Bin Touq Al Marri affirmed that the UAE views household companies as a key driver for bolstering nationwide financial development and sustainability, supporting the nation’s transition in direction of a knowledge-based and innovation-driven future financial system. H.E. additionally famous that the Ministry, in collaboration with related authorities companions and household companies, has enacted a complete legislative framework—particularly Federal Decree-Regulation No. 37 of 2022 regarding Household Firms—to manipulate these entities and guarantee their intergenerational continuity.
Moreover, H.E. Bin Touq said that the Ministry has issued 4 ministerial resolutions establishing the Unified Registry for Household Firms, which at the moment consists of over 18 corporations. These resolutions additionally regulate the Household Constitution, share buyback mechanisms, and the issuance of a number of share courses, contributing to fostering a sustainable legislative ecosystem that ensures the expansion of household companies and secures their management on each regional and world scales.
H.E. Shamis Ali Khalfan Al Dhaheri, Second Vice Chairman and Managing Director of the Abu Dhabi Chamber, affirmed that the Chamber continues to play a central function in supporting the sustainability of household companies. He famous that the adoption of efficient governance fashions enhances investor confidence, strengthens personal sector competitiveness, and aligns with Abu Dhabi’s imaginative and prescient of a knowledge-based and innovation-driven financial system.
H.E. Khalid Abdul Karim Al Fahim, Chairman of the Abu Dhabi Household Enterprise Council, stated “Household-owned enterprises are elementary companions of the financial improvement journey of the Emirate of Abu Dhabi and the United Arab Emirates. Working underneath the umbrella of the Abu Dhabi Chamber of Commerce and Trade, the Abu Dhabi Household Enterprise Council is dedicated to advancing finest practices in governance, strengthening strategic and succession planning, and supporting efficient intergenerational transition, thereby guaranteeing the long-term sustainability of household companies and safeguarding their enduring financial and social legacy.”
H.E. Masood Rahma Al Masood, Vice Chairman of the Abu Dhabi Household Enterprise Council, and Treasurer of the Board of Administrators of the Abu Dhabi Chamber said that “Investing within the subsequent technology of household enterprise leaders constitutes a elementary pillar of sustainability inside this ecosystem. The Council is dedicated to offering knowledge-sharing and dialogue platforms that facilitate the switch of experience and lift consciousness of the significance of governance and early institutional planning.”
Ms. Alia Habib Al Mulla, Head of Industrial Disputes at Habib Al Mulla and Companions, emphasised that the seminar represents a big step ahead in establishing a complete nationwide dialogue on the way forward for household companies within the United Arab Emirates. She famous that the sustainability of a household legacy is just not a matter of likelihood, however the final result of a transparent strategic imaginative and prescient, a cohesive and well-defined household constitution, and early institutional planning that ensures stability and alignment throughout successive generations. She added: “We’re proud to collaborate with the Ministry of Economic system, the Abu Dhabi Chamber, and the Abu Dhabi Household Enterprise Council on an initiative that interprets the clever management’s imaginative and prescient for a diversified and sustainable financial system.”
The seminar witnessed a excessive degree of engagement from members, who underscored the significance of adopting sturdy governance frameworks, in addition to successfully implementing laws related to family-owned enterprises. Such measures, they famous, are important to strengthening long-term sustainability and enhancing the capability of household companies to increase, evolve, and develop throughout successive generations.
The “Past Legacy” collection is ready to proceed its forthcoming editions throughout a number of Emirates all through 2026, as a part of a broader nationwide initiative geared toward advancing institutional consciousness, embedding a powerful tradition of governance, and additional reinforcing the sustainability and resilience of household companies working within the United Arab Emirates.
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