Suliman S. Olayan School of Business and the International College Alumni Association (ICAA) recently launched the Business and Entrepreneurship Series, a new socially responsible partnership targeted for ICAA members. The main objective of this initiative is to expose participants to best practices that could help them sustain scalable and entrepreneurial businesses, while all fees generated go to support the scholarship of an IC Alumni studying at OSB.
The first topic of that series was on family business. The two-day summit focused on topics relevant to family business owners and executives and spanned over a wide array of subjects including family business heterogeneity, standing out in a volatile market, succession planning, how to raise a good shareholder, corporate governance, and the financial strains specific to family businesses.
“The summit was amazing from all aspects," stated Nasser Barbir, managing director, National Center for Contracting, “from reconnecting with old colleagues to meeting new ones, being surrounded with so many entrepreneurs and leaders, and certainly the content, structure, topics and lecturers were so interesting and useful that they captured our full attention and participation."
“The summit was constructive; it gave me the chance to interact with fellow business owners and learn from their experiences and the challenges they faced," noted Mahmoud Shabarek, Managing Director, Baraka Mills, SAL. “I was able to relate to many real life situations, which I think will eventually reflect on how to organize and improve the quality of my family's business."
Arij Kaissi, owner, Progressive Energy pointed out that the summit was very insightful, fulfilling, and varied. “It tackled major aspects of family businesses and dwelled on the journey with all its ups and downs and its bright and dark sides."
All fees generated from the summit have been matched by AUB and are going towards the IC Alumni Association – AUB scholarship fund, benefiting an IC alumni studying at OSB.
A special thank you goes to our sponsors, Lucid Investment Bank and Legacy Line, for supporting this initiative.