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Families dominate board rooms in GCC companies
- Tuesday, May 20 - 2008 at 10:07
A new report has shed new light on the amount of power that local families can hold in some publicly traded Gulf companies. In Kuwait, a single family can own up to 100% of a board, falling to 75% in Saudi Arabia and 50% in Dubai, the study by Abu Dhabi-based investment bank The National Investor (TNI) found. Between one-quarter and three-quarters of all publicly traded companies have at least two members from the same family on their boards.
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Jeff Florian, Senior ReporterTuesday, May 20 - 2008 at 10:07 UAE local time (GMT+4)
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