An organisation aimed at helping family businesses address the challenges they face and promote economic growth in Jordan has been founded.
The Jordanian Association of Family Businesses was created on 8 January, at a workshop on corporate governance for family businesses organised by Assam-based Talal Abu-Ghazaleh Graduate School of Business and German think-tank Konrad-Adenauer-Stiftung, with the support of Jordan's industry and trade minister, Sami Gammoh.
During the workshop, Mustafa Nasreddin, senior executive director at professional service firms Talal Abu-Ghazaleh Organization, stressed the importance of family businesses to the Jordanian economy, but said they face a number of issues, including stringent legal requirements, that affect their operations.
The newly-formed organisation will be headed by Loay Abu-Ghazaleh, deputy chairman of Talal Abu-Ghazaleh Organization.
He will be assisted by a committee, which will hold its first meeting in the next few weeks. Fuad Kreishan, researcher at Al-Hussein Bin Talal University, and Ali Al Shraideh, senior financial analyst at Jordan Securities Commission, are among those who will sit on the committee.