A strong partnership with local family companies create convenient atmosphere for economic growth in the Kingdom of Bahrain, according to a BBK statement.
BBK said that it had undertaken to do business and still doing business with several Bahraini and non-Bahraini reputed family companies.
In collaboration with the Bahrain Family Business Association, BBK, Bahrain’s pioneer in retail and commercial banking sponsored an economic seminar highlighting the success story of a major Saudi Arabian family company in which the keynote speaker would be the Group Chairman and Managing Director of Al Majdoue’ie Group Abdulla bin Ali Al Majdoue’ie. The seminar was to be held on February 27th at The K Hotel Jufair.
“BBK firmly believes in the importance of economic, social and cultural activities for building up a rewarding and productive community, hence the Banks’ sponsorship of this seminar. We are pleased to sail together and to enjoy the benefits of such economic forums of the private sector. There is no doubt that the Bahrain Family Business Association plays a major role as one of the primary societies concerned with family companies’ issues by organizing various monthly seminars,” AbdulKarim Bucheery BBK Chief Executive said.
“BBK is proud of the fruitful co-operation between the two entities as it carries out its mission in serving members of the family companies in the Kingdom of Bahrain. We look forward to strengthen this partnership which serves the best interest of all parties and we constantly seek to offer more products and services that would contribute to the growth of these companies and provide them with more convenient facilities,” Bucheery added.
The Association welcomed the attendance and participation of its members in this seminar to learn the success story of a major family company in Saudi Arabia.
“It is vital to learn about such success stories and to know how could these companies consolidate their ability to continue and grow on the domestic, regional or international levels given the challenges and difficulties faced by such companies in an era of globalization, opening up the markets and requirements of fierce competition that cast their shadows on the economy, markets and corporations. Of course, these include family companies that have been and are still the backbone of the world and regional economies, as they account for 95 percent of the overall business and economic activities in the GCC states,” Family Association’s Chairman Khalid Mohamed Kanoo said.
Khalid Mohamed Kanoo thanked BBK and Al Majdoue’ie Group and called for strengthening relations and forging strategic alliances amongst family companies in the GCC states. He added this would further the momentum for the efforts being made for the enhancement of the economic activities in the Gulf considering that the current business environment requires focusing on this direction with all the rapidly changing economic developments and policies, we hope that stronger partnerships would emerge among family companies on the regional level in the next few years.