Family owned and managed businesses (FOB) make a vital contribution to the national economy of Saudi Arabia. They also face their own unique challenges that require unique solutions.

These challenges include the delicate balancing act of managing family expectations as well as the needs of the business. Typically, the introduction of a formal succession plan, a governance framework and professional management practices represent common challenges unique to FOB's.

In addition, FOB's are expected to tackle the day-to-day issues facing all businesses, particularly those that come to the surface during periods of financial and economic stress.

Realising the full potential of a family business whilst still expected to satisfy the expectations of family members is difficult, but certainly achievable.

How Can KPMG Assist?

Regardless of what stage your business is within the maturity model or its strategic plans, each stage will present a set of challenges. Whether you are evolving into a public enterprise, implementing an IT system, developing a new HR function, managing an increasingly complex asset base or transitioning from one generation to the next. KPMG offers a wide range of services uniquely geared towards the needs of family business. We provide core Audit, Tax & Zakat services and we offer a wide-range of Advisory services designed to help family business with critical issues. These include:

• Governance Structure & Improved Corporate Transparency (an increasing focus by banks providing financial services to family Businesses here in KSA)
• Succession Planning
• Going Public & Transitioning to IPO status
• Human Resources Development
• Executive Search Services - addressing your executive recruitment needs
• Internal Controls including Policies & Procedures
• Strategic and Long Term Business Planning
• Cost Optimization
• Business Process, Technology and Performance Improvement
• Help with Merger & Acquisitions
  
  

Why Select Us?

We can provide a valuable ‘external’ perspective on core business issues without losing sight of the family sensitivities, interests and aspirations that form the essence of any family business.

KPMG has a wealth of experience both globally and locally to provide a broad range of services specifically tailored for the family business. Within Saudi Arabia we have been working with family businesses for more than 15 years and possess an unrivalled understanding in the dynamics associated with family enterprises, thus offering our clients a wealth of expertise to tap in to. We can assist you in attaining your strategic objectives and advise on the long-term prosperity of both the business and family. We do this by sharing KPMG’s global and local knowledge and experience, gained through working with some of the most successful family owned businesses.

KPMG’s leadership in Saudi Arabia is committed to strengthening the development of this sector which is why we have established a dedicated team that aligns our solutions for the family business sector throughout the Kingdom of Saudi Arabia.

We would be delighted to meet with you at your convenience if you require any further information. At KPMG, we are keen to assist our cliental and we are committed to providing professional services of the highest standard.

Contacts:
Khalil Al Sedais
Partner
Email: kalsedais@kpmg.com
Tel: +966 (1) 874 8500


Ebrahim Baeshen
Partner
Email: ebaeshen@kpmg.com
Tel: +966 (2) 658 1616