Governance of family businesses in the Kingdom of Saudi Arabia

Document Type : Original Article

Author

Director at Nasr City Specialized Hospital and a lawyer

Abstract

With the developments that have occurred in the global economies and the concerns that occur every day and the need for countries to have a strong and stable economy, many countries have begun to think about how to become a strong economy unless there are foundations on which companies of all sizes walk, whether for their stability or work on their development, and the reasons for the collapse of these companies were affected through the governance of family businesses with their commitment to transparency, control provisions and reducing financial and administrative corruption.
The Gulf countries were among the countries that followed this path in order to reach their aspirations to build a strong competitive economy in the Middle East that does not depend only on oil, but also on institutional management of legal companies, whether individual and family, under study, allowing these companies to enter into other entities or expand their development and preserve them from reaching the stage of disintegration into small companies or collapse due to disputes between Members of the same family worked to develop rules that contribute to improving the performance of this process.

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International Journal of Advanced Research on Law and Governance
Volume 5, Issue 2
December 2023
Pages 13-32

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