The Guidelines for The Family Charter

Family-owned businesses are the backbone of the Saudi economy. Therefore, this updated draft of Family Charter Guidelines aims to reinforce the importance of the Family Charter which is defined as document that outlines the roles of family members within the enterprise in terms of ownership, management and succession. This draft also aims to promote and foster these businesses so they can contribute towards the economy, maintain their achievements in a manner appropriate to the nature, size, and circumstances of the company, and safeguard their confidentiality.