FBCG AWARDS

Family Business

Honouring success across generations in the GCC

Nominate
Deadline: 30 June 2021
NOMINATIONS
OPEN
07.04.2021
30.06.2021
JURY
EVALUATIONS
01.07.2021
30.09.2021
AWARD
CEREMONY
24.11.2021

About the Award

The Family Business Awards is brought to you by
Family Business Council Gulf (FBCG) to honour the success of family businesses in the GCC across generations.

Anyone is welcome to nominate or self-nominate for the four categories; SME Family Business, Non-Family Executive, NexGen Venture and
NexGen Innovation.

The nominees must meet the following criteria:

Part of a family-owned business
At least second generation
Based in the GCC
Winners will receive their award at the FBCG Annual Summit and gala dinner alongside additional benefits.

Deadline for nominations: 30 June 2021

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AWARD CATEGORIES

SME FAMILY BUSINESS

For their generational success, innovation, and community impact

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Small- and medium-sized family enterprises are the unsung heroes of the region. Many have been passed down for generations and become a staple name within the community. In this award, we look to showcase a longstanding family firm who can demonstrate generational success and innovation.

Entry criteria:

Family business is owned by a family (headquarters in a GCC city)
SME business (i.e., fewer than 250 employees and/or less than $70 million annual turnover)
Must be in second generation or above
NON-FAMILY EXECUTIVE

For long-standing tenure and vital contributions to the family business

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Within family enterprises, there are those employees that become part of the family. In this award, we look to provide overdue recognition to an individual within a family firm who has demonstrated exceptional loyalty, commitment, and contribution to the family business.

Entry criteria:

Over 10 years’ service within a family-owned business (headquarters in a GCC city)
Large family businesses (in terms of employees and/or turnover)
Family business must be in second generation or above
NEXT GENERATION VENTURE

For launching a venture within or outside the family business

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Entrepreneurial spirit is an essential quality in the next and future generations. Here we seek to award a young individual who has launched a successful venture in the GCC within or outside their family business.

Entry criteria:

A GCC national aged between 18 to 40 years
Must be affiliated to a GCC owned family business (headquarters in a GCC city)
Family business must be in second generation or above
Can be a venture inside or outside the family business
NEXT GENERATION INNOVATION

For bringing innovation into the family business

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Innovation is fundamental to ensure the continuity of family enterprises. In this award, we seek to celebrate the impact of a next generation family member who has helped drive innovation and digital transformation forward within the family business. 

Entry criteria:

A GCC national aged between 18 to 40 years
Part of a GCC owned family business (headquarters in a GCC city)
Family business must be in second generation or above
Must be able to demonstrate innovation within the family business

PROCESS

The evaluation process will take place over multiple stages, each involving rigorous evaluation.

Stage 1 (April-June)
Call for nomination and qualification of entries
Nominations and entries to be qualified to ensure meet minimum eligibility criteria
Stage 2 (April-June)
Confirmation of commitment
All qualified entries will be contacted within 1-2 weeks of receiving nomination with further details and asked to provide further details
A shortlist with the top 10 entries will be selected
Stage 3 (July-August)
Finalist selection
The Award Jury will closely review and evaluate the shortlist to select three finalists for each category
Stage 4 (September)
Pitch Day
Finalists will present to our Jury and winners per category will be chosen
Stage 5 (November)
Awards Ceremony
Winners announced at the Award gala dinner

Jury

Our esteemed panel of jury members are renowned for their exceptional knowledge and vision on family businesses.

The winners of the SME Family Business and Non-Family Executive Employee will be determined by our Jury and the winners of the NxG Venture and NxG Innovation categories by the FBCG Board.

A MESSAGE FROM AWARDS CHAIR

Award Chair

Dear families and friends,

While we continue to navigate the unprecedented changes, there are many lessons that we can draw on passed down from generation to generation among family businesses. Family firms face the defining moments of change at each generation. And at each transition, a web of issues can arise with far reaching implications for both the family and the business. Yet some, miraculously, survive and even thrive, passing the family torch with the flame still blazing.  They do this because they build strong foundations, they have difficult conversations, they plan and prepare for the inevitable, and painful, event – the passing of their leaders. The end of one chapter, the beginning of another. Each generation renews itself, taking some parts of the past, and replacing others that may not serve their mission and values.

So, who are these superstars among us that stand the test of time? How have they done it across generations? What can we learn from them?   This is the quest of our Award program, and I am delighted to Chair our inaugural Family Business Awards in the GCC.  These awards not only recognize the importance of family business to the GCC, but they also put the spotlight on family groups, their families and teams who are winning against the odds of the generational challenges – whether it is through rigorous planning and foresight, sheer unshakeable family unity or ingenious innovation and creativity.

Along with our Jury, I look forward to learning about their stories and celebrating the best of the best in our region.

Sincerely,
Hind Bahwan

Chair, FBCG Family Business Awards

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JURY MEMBERS

Award Chair

HIND BAHWAN

Chairperson, Bahwan CyberTek Group

ALEXIS DU ROY DE BLICQUY

CEO, FBN International

DR BRIDGET KUSTIN

Research Fellow and Qualitative Lead, Oxford Ownership Project, Saïd Business School, University of Oxford

FADI HAMMADEH

General Counsel, Al-Futtaim Group

LULWA AL SOUDAIRY

Board Member and Strategy Director, Mansour Al-Mosaid Group

RAHMA AL BARWANI 

Marketing & Sales Manager, Musstir

DR RODRIGO BASCO

Associate Professor and Sheikh Saoud bin Khalid bin Khalid Al-Qassimi Chair in Family Business, AUS

A MESSAGE FROM FBCG CHAIR

FBCG CHAIR

Dear families and friends,

The generations before us gave us a strong foundation, with roots to keep us grounded in the legacy we seek to preserve. The mission of the awards is to recognize those committed to our continuity.

If we think of our community of family enterprises as an oasis of trees, individually we stand strong, but together united we form an ecosystem that can stand the test of time.

The trunk of each tree is the core of our family businesses, many of which are SMEs. These family firms are the beating heart of our communities and we wish to award one who has weathered storms and remained standing firm.

Our next generation are the tree branches, constantly reaching out for the sky, pushing boundaries, and expanding into new opportunities. We include two NexGen categories in this year’s awards – venture and innovation – to recognize the essential role the next generation play in our growth.

Just as no tree can survive without its leaves, no family can thrive without their employees. The loyalty and commitment of employees helps our resilience and continuity too. In our final category, we wish to acknowledge long-standing non-family executive who stood by our side.

As Chairman of FBCG, I am delighted to launch our award program and welcome your participation to celebrate the successes “by families, for families, together across generations”.

Sincerely,
Omar K. Alghanim

Chairman, FBCG

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FBCG BOARD

OMAR KUTAYBA ALGHANIM

Chairman, FBCG
Founder, YAKOA

OMAR ABDULLA AL FUTTAIM

Vice-Chairman, FBCG
Vice-Chairman and CEO, Al Futtaim Group

H.E. ABDULAZIZ ABDULLA AL GHURAIR

Emeritus Chairman, FBCG
Chairman, Mashreq Bank

BADER NASSER AL KHARAFI

Vice Chairman & Group CEO, Zain Group

HASSAN MOHAMMED ABDUL LATIF JAMEEL 

Deputy President and Vice-Chairman, Abdul Latif Jameel

HIND SUHAIL BAHWAN 

Founder & Chairperson,
Bahwan CyberTek Group

H.E. HUSSAIN JASIM ALNOWAIS

Chairman, AlNowais Investments L.L.C.

DR. IBRAHIM SULAIMAN ALRAJHI

Board Member, Alrajhi Group Holding

MUSAAB SULAIMAN AL MUHAIDIB 

CEO, Al Muhaidib Group Entertainment Ventures

NAWAF KHALID AL ZAYANI 

Chairman, Al Zayani Investments B.S.C.

OMAR HUSSAIN ALFARDAN 

President & CEO, Alfardan Group Holding

RASHA AL DARWISH 

Head of Family Council, SEDCO Holding Group

TAREK SULTAN AL ESSA 

Vice Chairman & CEO, Agility Public Warehousing Company K.S.C

Sponsors

Faqs

What is the deadline to submit?

The entry deadline is 30th June 2021. 

How is my entry judged?

The evaluation process will take place in multiple stages, each involving rigorous evaluation from our esteemed jury.
Entries will be qualified by the FBCG Team to determine our shortlist of up to 10 entries per category.
Individual entries are scored by our Jury against the evaluation criteria to determine 3 finalists.
Finalists present to Jury during virtual judging day and are scored by each Jury member

May I submit several entries for one category?

There is no limit to how many nominations you may submit, whether in several categories or in the same one. 

Can I change my written entry and or support material after I’ve submitted?

No. Unfortunately, you will not be allowed access to your entry once it has been submitted.

Can the nomination be anonymous?

Yes, you may submit a nomination anonymously if you wish.

What causes a submission to not be considered?

All nominations are qualified against the minimum entry criteria. FBCG retains the right to remove or refuse an entry.

When are finalists announced?

On Wednesday 1st September 2021. All successful finalists will also be notified via email.

What is the cost to enter?

Entry is free.

When are winners announced?

The presentation dinner and ceremony will take place on Wednesday 24th November 2021. Winners are invited to attend and will be contacted in October 2021.

What is the prize?

Winners will receive exclusive access to select FBCG events, activities, and education programs for one year. The winners of each category are also invited to receive their award at the FBCG Awards Ceremony and to attend FBCG’s member-only Annual Summit and gala dinner. 
By entering the nomination process, this is an opportunity to benchmark against peers. The awards are a perfect platform to take stock, benchmark and gain higher awareness strengths and areas of improvement validated by a panel of credible and knowledgeable family business academics and leaders.

What are the terms and conditions?

Full terms and conditions can be found here.

Who do I contact for entry inquiries?

Sara Boomsma at +971 50 903 5421 or sara.boomsma@fbc-gulf.org 

CONTACTS

For more information or queries, please contact