- 12 June 2018
Family Business Council – Gulf (FBCG) welcomes new Chairman
- H.E. Abdulaziz Abdulla Al Ghurair steps down as the Chairman of the Board of Directors after serving the organization since 2013.
- Omar K. Alghanim, CEO of Alghanim Industries and Chairman of Gulf Bank, was elected as the Chairman of the Board of Directors of FBCG.
Kuwait City, Kuwait, 12 June 2018: The Family Business Council - Gulf (FBCG), the leading membership organisation for GCC family businesses, has announced the appointment of Omar K. Alghanim as its new Chairman of the Board of Directors.
Mr. Omar K. Alghanim will succeed H.E. Abdulaziz Abdulla Al Ghurair, the founder of the organisation who served as Chairman of the board since April 2013. H.E. Al Ghurair will continue to sit on the board to support the organisation and provide advisory support on the strategic direction.
Commenting on the announcement H.E. Abdulaziz Abdalla Al Ghurair said: "We are proud of the Family Business Council – Gulf’s accomplishments over the last five years. With the support of the Board of Directors and FBCG founding members, we have built an organisation capable of effectively addressing the challenges of GCC family businesses."
H.E. Al Ghurair added: "With a clear vision in place, an exciting future lies ahead for the organisation. We welcome our new Chairman to continue this journey, and we wish him all the best in shaping the future of FBCG."
Mr. Omar K. Alghanim, CEO of Alghanim Industries and Chairman of Gulf Bank, has served as a board member of FBCG, and has been part of the executive committee of the board since the organisation’s establishment in 2013.
Mr. Omar K. Alghanim, Chairman-elect of FBCG Board of Directors, said: "I am honored to have been selected by the FBCG Board of Directors to serve as Chairman, and to work alongside these talented and visionary industry leaders. His Excellency Abdulaziz Abdullah Al Ghurair has left behind a strong and long-lasting legacy, for which we are all grateful. His dedication and leadership has played an instrumental role in successfully launching a productive platform for GCC family businesses. Moving forward, I know we can continue to count on his guidance and support."
Mr. Omar K. Alghanim added: "We've accomplished a lot over the past 5 years and we'll be building on these successes as we move ahead. But family businesses represent a significant part of the GCC economy and if our work has taught us anything, it's that there are real challenges. To succeed in our mandate, we will maintain a sharp focus on continuity, collaboration, knowledge sharing and fostering strategic relationships among our members."
FBCG champions the prosperity and governance of GCC family businesses and their future generations to continue to serve the GCC economy and society. Key activities of the council are community building to facilitate productive exchange between family businesses, next generation education and development, and family business research and publication.
About Family Business Council-Gulf (FBCG)
FBCG is a private, non-profit membership organization that aims to strengthen family business governance and ensure their continuity over generations, while learning from and where applicable adopting international best practices. Through research, education, and networking among peers, we seek to identify and address issues which are unique to this region.
The Council is governed by a board of directors, representing eleven leading GCC family businesses, which steers and builds the organization. FBCG’s board shares a common view that the continuity and prosperity of family businesses is vital not only for their families’ legacy but also for the economic sustainability of the region.
FBCG is also a member of a worldwide organization, the Family Business Network International (FBN) which is the largest global network ‘by families, for families’ representing leading family businesses all over the world.
For further information on the council, log on to www.fbc-gulf.org.