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Family businesses are companies owned and managed by members of a single family. This type of business plays an important role in the economy, especially in Saudi Arabia. The succession of generations in family businesses for managing the company and striving for its development and growth is one of the toughest challenges that can lead to the company's bankruptcy, weakness, or slow development and growth. Therefore, the family charter was the subject of this discussion panel, aiming to address these challenges according to legal practices that govern all family business operations, by addressing the following points:
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Updated at: 14/07/2024