FBCG AWARDS

Family Business

Honouring success across generations in the GCC

Nominate

Deadline: 18 September 2024

NOMINATIONS
OPEN
07.04.2021
30.06.2021
JURY
EVALUATIONS
01.07.2021
30.09.2021
AWARD
CEREMONY
19.10.2021

ABOUT

The Family Business Awards is brought to you by the Family Business Council Gulf (FBCG) to honor the success of family businesses in the GCC across generations.

Anyone is welcome to nominate or self-nominate for the categories. 

The nominees must meet the following criteria: 

Part of a family-owned business
At least second generation
Headquartered in a GCC city


Winners will receive their award at the FBCG Annual Summit and gala dinner alongside other benefits.

Deadline for nominations: 18 September 2024 

Nominate

AWARD CATEGORIES

SME FAMILY BUSINESS

For their generational success, innovation, and community impact

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Small- and medium-sized family enterprises are the unsung heroes of the region. Many have been passed down for generations and become a staple name within the community. In this award, we look to showcase a longstanding family firm who can demonstrate generational success and innovation.

Entry criteria:

Family business is owned by a family (headquarters in a GCC city)
SME business (i.e., fewer than 250 employees and/or less than $70 million annual turnover)
Must be in second generation or above
FINALISTS
Winner

Sakhr
Software

Kuwait

Bafarat

KSA

Suwaidi
Pearls

UAE

NON-FAMILY EMPLOYEE

For long-standing tenure and vital contributions to the family business

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Within family enterprises, there are those employees that become part of the family. In this award, we look to provide overdue recognition to an individual within a family firm who has demonstrated exceptional loyalty, commitment, and contribution to the family business.

Entry criteria:

Over 10 years’ service within a family-owned business (headquarters in a GCC city)
Family business must be in second generation or above
FINALISTS
Winner

Omer
Elamin

Al Futtaim Group
UAE

Winner

Malik
Marafie

Zain Group
Kuwait

Asher
Noor

AlTouq Group
KSA

Faisal
Abdalla

Abdul Latif Jameel
KSA

Prakash Sarvaiya

Hira Industries
UAE

FINALISTS
Winner

Mohammed
Al Muhaidib

LaanCare
KSA

Winner

Norah
Al Muhaidib

Culture
KSA

Rashid
Al Ghurair

CAFU
UAE

INNOVATION AWARD

For launching an innovative venture in the GCC

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Innovation is fundamental to ensure the continuity of family enterprises. In this award, we seek to celebrate a venture launched by a next generation family member.

Entry criteria:

A start-up venture with headquarters in a GCC city 
One of the founders must be a NxG of a family business (age < 45)
Any nationality
SUCCESSION

This is peer-recognition award and not open to public nominations. The winner will be selected by the FBCG Board.

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Entry criteria:

A GCC owned family business (headquarters in a GCC city)
Family business must be in second generation or above
Demonstrates successful transfer of ownership and management
FINALISTS 2021
Winner

Fardan
Alfardan

Alfardan Group
Qatar

Khaled Sharbatly

Desert Technologies
KSA

Nouf
Alzamil

Zamil Group Holding
KSA

About the Award

The Family Business Awards is brought to you by
Family Business Council Gulf (FBCG) to honour the success of family businesses in the GCC across generations.

Nominations are now closed for 2021

2023 Winners

Succession Winner

Alzayani Investments

Bahrain

Succession Winner

Zamil Group

Kingdom of Saudi Arabia

Succession Winner

Mezzan Holding

Kuwait

Succession Winner

WJ Towell Group

Oman

Succession Winner

Darwish Holding

Qatar

Succession Winner

Al Fahim Group

U.A.E

Non-Family Exec Winner

Christophe Nicaise

Seddiqi Holding

SME Family Business Winner

The Date Room

U.A.E

About the Award

The Family Business Awards is brought to you by
Family Business Council Gulf (FBCG) to honour the success of family businesses in the GCC across generations.

Nominations are now closed for 2021

2022 Winners

Succession Winner

Ahmed Seddiqi & Sons

UAE

Succession Winner

Alfardan Group

Qatar

Succession Winner

Al Mulla Group

Kuwait

Succession Winner

Al Muhaidib Group

KSA

Succession Winner

Saud Bahwan Group

Oman

Succession Winner

YBA Kanoo

Bahrain

Next Generation Winner

Ali Sajwani

DAMAC Properties
UAE

Non-Family Exec Winner

Alyza Beg

Easa Saleh Al Gurg Group
UAE

Non-Family Exec Winner

Ali Raza Khan

Mashreq Bank
UAE

SME Family Business Winner

Uncle’s Shop

UAE

About the Award

The Family Business Awards is brought to you by
Family Business Council Gulf (FBCG) to honour the success of family businesses in the GCC across generations.

Nominations are now closed for 2021

2021 Winners

NXG INNOVATION WINNER

FARDAN
AL FARDAN

Alfardan Group
Qatar

NXG Venture
WINNER

MOHAMMED
AL MUHAIDIB

LaanCare
KSA

NXG Venture
WINNER

norah
al muhaidib

Culture
KSA

NON-FAMILY EXEC
WINNER

OMER
ELAMIN

Al Futtaim Group
UAE

SME FAMILY BUSINESS WINNER

Sakhr
Software

Kuwait

Process

The evaluation process will take place over multiple stages, each involving rigorous evaluation

Stage 1 (August to September)
Call for nomination and qualification of entries
Nominations and entries to be qualified to ensure meet minimum eligibility criteria
Stage 2 (September)
Confirmation of commitment
All qualified entries will be contacted within 1-2 weeks of receiving nomination with further details and asked to provide further details
A shortlist with the top 10 entries will be selected
Stage 3 (October)
Finalist selection
The Award Jury will closely review and evaluate the shortlist to select three finalists for each category
Stage 4 (November)
Finalists Day
Finalists will meet our Jury and winners per category will be chosen
Stage 5 (NOVEMBER)
Awards Ceremony
Winners announced at the Award gala dinner

Jury 2024

Our esteemed panel of jury members are renowned for their exceptional knowledge and vision on family businesses.
The winners of the SME Family Business and Non-Family Executive Employee will be determined by our Jury and the winners of the Innovation and Succession categories by the FBCG Board.

JURY MEMBERS

Award Co-Chair

MUSAAB SULAIMAN AL MUHAIDIB 

Board Member,
Al Muhaidib Group

Rasha Al Darwish

Chair, Family Council, Bin Mahfouz Family (SEDCO Holding)

Dr. Basma Al Zamil

Advisor, Lansberg Gersick Advisors (LGA)

OsamaH Basamh

Board Member, Basamh Group

MAITHA AL YOUSUF

Group Director of HR, Al Yousuf Group

Alexis Du Roy De Blicquy

CEO, FBN International

Dr. Marta Widz

Professor of Practice, Entrepreneurship & Family Business at SDA Bocconi

Dr. Tarek El Masri

Assistant Professor of Accounting, MBSC

A MESSAGE FROM FBCG CHAIR

FBCG CHAIR

Dear families and friends,

The generations before us gave us a strong foundation, with roots to keep us grounded in the legacy we seek to preserve. The mission of the awards is to recognize those committed to our continuity.

If we think of our community of family enterprises as an oasis of trees, individually we stand strong, but together united we form an ecosystem that can stand the test of time.

The trunk of each tree is the core of our family businesses, many of which are SMEs. These family firms are the beating heart of our communities and we wish to award one who has weathered storms and remained standing firm.

Our next generation are the tree branches, constantly reaching out for the sky, pushing boundaries, and expanding into new opportunities. We include two NexGen categories in this year’s awards – venture and innovation – to recognize the essential role the next generation play in our growth.

Just as no tree can survive without its leaves, no family can thrive without their employees. The loyalty and commitment of employees helps our resilience and continuity too. In our final category, we wish to acknowledge long-standing non-family executive who stood by our side.

As Chairman of FBCG, I am delighted to launch our award program and welcome your participation to celebrate the successes “by families, for families, together across generations”.

Sincerely,
Omar K. Alghanim

Chairman, FBCG

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FBCG BOARD

OMAR KUTAYBA ALGHANIM

Chairman, FBCG
Founder, YAKOA

OMAR ABDULLA AL FUTTAIM

Vice-Chairman, FBCG
Vice-Chairman and CEO, Al Futtaim Group

H.E. ABDULAZIZ ABDULLA AL GHURAIR

Emeritus Chairman, FBCG
Chairman, Mashreq Bank

BADER NASSER AL KHARAFI

Vice Chairman & Group CEO, Zain Group

HASSAN MOHAMMED ABDUL LATIF JAMEEL 

Deputy President and Vice-Chairman, Abdul Latif Jameel Company LTD

HIND SUHAIL BAHWAN 

Founder & Chairperson,
Bahwan CyberTek Group

H.E. HUSSAIN JASIM ALNOWAIS

Chairman, AlNowais Investments L.L.C.

DR. IBRAHIM SULAIMAN ALRAJHI

Board Member, Alrajhi Group Holding

MUSAAB SULAIMAN AL MUHAIDIB 

Board Member,
Al Muhaidib Group

NAWAF KHALID AL ZAYANI 

Chairman, Al Zayani Investments B.S.C.

OMAR HUSSAIN ALFARDAN 

President & CEO, Alfardan Group Holding

RASHA AL DARWISH 

Head of Family Council, SEDCO Holding Group

TAREK SULTAN AL ESSA 

Vice Chairman, Agility Public Warehousing Company K. S. C. P

Sponsors

Interested in sponsoring the Family Business Awards 2024?
Contact awards@fbc-gulf.org

Faqs

What is the deadline to submit?

The entry deadline is 22 September 2024

How is my entry judged?

The evaluation process will take place in multiple stages as follows:

  • Nominations are shortlisted to top 10 entries per category
  • Jury selects top 3 finalists from short-list using rigorous scoring requirements
  • 3 finalists present to Jury (for SMEs and Non-Executive); and to FBCG Board for NexGen
May I submit several entries for one category?

Yes, you can submit multiple nominations. You can nominate the same person for different categories (if applicable); or nominate multiple people for the same category.

Can I change my written entry and or support material after I’ve submitted?

No. Unfortunately, you will not be allowed access to your entry once it has been submitted.

Can the nomination be anonymous?

Yes, you may submit a nomination anonymously if you wish.

What causes a submission to not be considered?

All nominations are qualified against the minimum entry criteria. FBCG retains the right to remove or refuse an entry.

When are finalists announced?

In October 2024. All successful finalists will also be notified via email.

What is the cost to enter?

Entry is free.

When are winners announced?

The presentation dinner and ceremony will take place on November 2024. Winners will be invited to attend.

What is the prize?

Winners will receive exclusive access to select FBCG events, activities, and education programs for one year. The winners of each category are also invited to receive their award at the FBCG Awards Ceremony and to attend FBCG’s member-only Annual Summit and gala dinner. 
By entering the nomination process, this is an opportunity to benchmark against peers. The awards are a perfect platform to take stock, benchmark and gain higher awareness strengths and areas of improvement validated by a panel of credible and knowledgeable family business academics and leaders.

What are the terms and conditions?

Full terms and conditions can be found here.

Who do I contact for entry inquiries?

Sara Boomsma at +971 50 903 5421 or sara.boomsma@fbc-gulf.org 

CONTACTS

For more information or queries, please contact