Launch: MENA Single Family Offices – A Survey And Outlook

Launch: MENA Single Family Offices – A Survey And Outlook

A collaboration between the Tharawat Family Business Forum and LGT Middle East.

Today, the Tharawat Family Business Forum and LGT Middle East are thrilled to announce the launch of their collaboration on the upcoming MENA family office survey and report.

Multigenerational wealth has played a significant role in reshaping the global economic landscape. Over the past decade, we have witnessed a marked increase in the institutionalization and professionalization of traditional family capital within the MENA region.

Single family offices, private investment entities, and corporate investment vehicles have introduced remarkable diversity to the investment landscape and are actively contributing to shaping future economic opportunities. Despite their pivotal role as growth catalysts, there remains limited insight into the vision, purpose, and investment priorities of today’s family-held capital.

To gain a deeper understanding of the transformation of family wealth amidst the backdrop of societal, technological, and economic disruptions, the Tharawat Family Business Forum and LGT Middle East have joined forces to produce a sentiment report. This report aims to provide insights into the evolution, governance, and future outlook of single family offices in the region.

The report will be founded upon a survey conducted among leading single family offices within the MENA region. The survey findings will be complemented by expert opinion pieces and in-depth interviews with family office principals. The official launch of both the survey results and the report is scheduled for the first quarter of 2024, with a select audience comprising single family office members and family enterprise owners.

This collaboration is part of the wider efforts of the Tharawat Family Business Forum to support families in business with research, tools, and thought leadership by enhancing our comprehension of the future of family wealth within the region.

(Photo: Sebastian Goeres, Senior Executive Officer – LGT Middle East and Farida F. El Agamy, General Manager, Tharawat Family Business Forum)

About the LGT (Middle East) Ltd.
LGT Middle East is part of LGT Group, a leading international private banking and asset management group that has been fully controlled by the Liechtenstein Princely Family for over 90 years. As of 30 June 2023, LGT managed assets of CHF 305.8 billion (USD 341.8 billion) for wealthy private individuals and institutional clients. LGT employs over 5000 people who work out of more than 25 locations in Europe, Asia, the Americas, Australia and the Middle East.
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About Tharawat Family Business Forum
The Tharawat Family Business Forum is an independent, membership network dedicated to the sustainability, innovation, and growth of MENA family businesses. The organisation was founded in 2006 by leading family-owned companies from across the Middle East, who shared a vision to build a strong peer community and platform for family businesses. Today, Tharawat plays an instrumental role in developing knowledge and expertise around family businesses in the region and beyond.

© 2023 Tharawat Family Business Forum

For questions about the project, contact us at [email protected].