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Wed 13 Jun 2018 02:53 PM

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Family Business Council - Gulf names new chairman

Omar K Alghanim will succeed Abdulaziz Abdulla Al Ghurair at the head of organisation

Family Business Council - Gulf names new chairman

The Family Business Council - Gulf (FBCG), the membership organisation for GCC-based family businesses, has announced the appointment of Omar K Alghanim as its new chairman.

Alghanim will succeed Abdulaziz Abdulla Al Ghurair, the founder of the organisation who served as chairman of the board since April 2013.

Al Ghurair will continue to sit on the board to support the organisation and provide advisory support on the strategic direction, a statement said.

Al Ghurair said: “We are proud of the Family Business Council – Gulf’s accomplishments over the last five years... we have built an organisation capable of effectively addressing the challenges of GCC family businesses.

“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.”

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.

He said: “I am honoured to have been selected.. We’ve accomplished a lot over the past five 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.”