Family Business

FAMILY BUSINESS

Family businesses are one of the pillars of the economy, especially in the Kingdom of Saudi Arabia.

Family businesses are one of the pillars of the economy, especially in the Kingdom of Saudi Arabia, where they constitute 90% of registered companies, which in turn employ the equivalent of 80% of the workforce, and contribute significantly to the GDP. In light of the region’s continued growth and diversification, its need for advice continues to grow and diversify.

ERLF is well-positioned to support family businesses across various stages, from ownership and management structures to mergers and acquisitions, as well as sales and exit strategies, helping these companies achieve their business goals and achieve their overall commercial success. Our team studies the companies thoroughly and in detail, concludes the basic problem, understands the internal and external influences that negatively affect the company and its partners, examines its governance and its viability, examines commercial, investment and legal risks and liaises with partners to present detailed and clear results and proposes solutions and expected future results based on the study.

Our experience in the field of family businesses includes the following:

Providing legal advice to one of the largest Saudi family groups regarding wills, endowments, and inheritance.
Providing legal advice to a Saudi family shareholding company operating in the real estate development sector, regarding the initial offering and raise of capital in the Kingdom of Saudi Arabia.
Providing legal advice to two of the leading family companies, whose total share capital amounts to two billion Saudi riyals, and providing legal advice on partnership with the private sector and restructuring.