Private banks eye the Gulf’s transfer of family wealth

Every company founder frets about succession. This issue takes on additional urgency in the Middle East, where not only have personal and corporate assets historically been managed together in family businesses, but where many of these businesses were only founded comparatively recently – in the 1950s and 1960s.

Indeed, six of the top 10 family businesses in the region were formed after 1950, according to Forbes’ Top 100 Arab Family Businesses list.