Chairman of the Capital Market Authority sponsores a forum of turning family business into a stock next March

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 Chairman of the Capital Market Authority sponsores a forum of turning  family business into  a stock next March.

 
Organized by the East  chamber in cooperation with the ( Tadawul).
Chairman of the Capital Market Authority  sponsores "  forum of turning  family business into a stock next March.
 
chairman of the Financial Market Authority Muhammed bin Abdullah Al Jadaan Sponsors "Forum turned a family business into a stock" during the month of March 2016                                                                                                                                                                                                                                                                                                                        which is organizedin in Eastern Chamber in cooperation with the Saudi Stock Exchange (Tadawul).
Chairman of the East  Chamber Abdulrahman bin Saleh Ataishan said the forum being held in the head office of the Chamber of Dammam on Wednesday, March 30, aims to review the role of the transformation in maintaining the continuity of the family business and ensure the continuity of their success and their growth and development  facing  the current economic challenges and to clarify how to apply  governance in family companies, stressing that the forum highlights the experience of some family business and the mechanism of its transformation into a joint stock and some of the challenges that have been overcome, and highlights the most important principles of governance and its impact on family businesses.
Specialists and academics discuss several topics during the meeting, mainly: how to transfer from a family business into a public shareholding, governance and family businesses, as well as to display some family experiences in turning companies into a stock, and the most important steps they have taken in this aspect.
The organization of the forum comes out of the attention of the chamber of the family business sector and highlighting the most important practices in the transition to a stock, to convey the message clear to companies wishing to switch to save their business from collapse and to help them develop and expand in the future.
Ataishan  pointed   that the importance of this event lies in dealing with a vital issue at the local scale since the family businesses in the Kingdom companies occupies a large  amount of the national economy, the amount of its investments in the domestic market exceeded the limits of 350 billion riyals, or more than 12% of GDP.
Pointing to expectations of an increase of investments to 4% next year, making it an important channel for attracting domestic and foreign investment, and attracting both national workforces in particular, and thus reinforces its position in the national economy.