By Staff Reporter
Dubai Centre for Family Businesses Partners with Emirates NBD to Support Legacy Planning and Growth
The Dubai Centre for Family Businesses, a division of Dubai Chambers, has signed a Memorandum of Understanding (MoU) with Emirates NBD to enhance the resilience and long-term success of family-owned enterprises in the emirate.
The partnership will focus on areas such as governance, succession planning, and legacy preservation—key pillars for ensuring the continuity of family businesses across generations.
Through this agreement, the Centre will work closely with Emirates NBD’s Private Banking division to design an integrated framework for supporting family business clients. The framework will include personalised advisory services such as governance maturity assessments, drafting of family charters, and structuring family offices to aid in smooth generational transitions.
The initiative will also encourage participation in leadership development programmes run by the Centre. These programmes are crafted to equip current and future business leaders with skills in succession, governance, and continuity planning. Additionally, specialised workshops will be organised for Emirates NBD clients, focusing on best practices in family business management. Experts from the bank will contribute insights and participate in Centre-led events.
Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers, said:
“Family businesses play a pivotal role in driving economic development, and ensuring their continued success is vital to sustainable growth… This collaboration reflects our shared commitment to supporting the long-term growth of family enterprises…”
Mohammad Al Bastaki, Group Head of Private Banking at Emirates NBD, highlighted the bank’s commitment to the sector:
“Our new partnership solidifies Emirates NBD’s commitment to economic growth in line with the Dubai Economic Agenda.”
He noted that although recent regulatory reforms have improved succession readiness, only 20% of family businesses in the Middle East successfully transition to the third generation, highlighting the urgent need for structured support and education.
News Source: Emirates News Agency
