Legal advisors participating in the the Family Business Forum held in Jeddah recently, emphasized the importance of establishing an independent body concerned with valuing the value of family business shares when exiting in disputes, in addition to the founder's right to distribute part of his money and business in his lifetime, so that these companies do not deteriorate and harm the interest of the national economy, as family companies contribute 90% to GDP from the non-oil sector, according to .

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Speaker and legal advisor Yassin Khayat listed several reasons for the collapse of family businesses, The most prominent among them are the differences resulting from the difference in temperaments and abilities from generation to generation, the lack of clarity and transparency of many information between family members regarding the companies, the monopolization of important positions by family members and the lack of space for non-family members, the lack of a fair incentive system within the companies, which leads to the leakage of family members" competencies outside the companies, as well as the conflict of interest of family members with their private business, poor legal drafting when establishing and the disproportionate size of responsibilities to the powers given.

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Yassin Al-Khayat pointed out that exit is the best way to settle the disputes of the partners of the same family in an amicable way that ensures the continuation of the company and does not affect the relationships of partners, and preserve family ties," and identified the importance of the roles of the independent body, ensuring impartiality and fair assessment of value when exiting, and allowing companies to buy their shares or shares that constitute capital in case family members do not want, in order to ensure the continuation of the company.

Yassin Al-Khayat pointed out.