The Arabian Publication for Family Businesses
Office 408, 4th Floor, Loft Office 1, Entrance C P. O. Box 502589, Dubai Media City, Dubai, UAE Phone: +971 (0)4 452 6578 Fax: +971 (0)4 452 4873 Email: info@ tharawat-magazine.com Websites: www.tharawat-magazine.com Facebook.com/tharawat.magazine @Tharawatmag
Tharawat magazine Brochure
About Us... About Tharawat magazine: Launched in 2008 in Dubai, UAE, Tharawat magazine is the first publication for family businesses in the Arab world published by Tharawat Media FZ-LLC. Tharawat magazine is a business publication that addresses pertinent regional and international family business topics, and highlights family business innovation and history. It gives Arab family businesses a voice and creates a platform for the exchange of opinions between all involved with the family business community. Our founding partner is the Tharawat Family Business Forum, the network of family-owned enterprises in the Arab World. Its mission is to provide education, research, networking and business opportunities to Arab family businesses (www.tharawat.org).
The ArAbiAn PublicATion for fAmily businesses
The ArAbiAn PublicATion for fAmily businesses
Volume 10 Apr-Jun 2011
16 Profile: Pictet&Cie.
Centuries of history and an interview with Senior Managing Partner Jacques de Saussure.
38 Interview with Moh’d A. Al Obaidly
Group Managing Director of the OITC GROUP, Qatar.
The ArAbiAn PublicATion for fAmily businesses
Nine generations of shoe-making excellence and three young brothers in charge.
Philanthropic activities that increase family cohesion.
46 Interview with Essa Al Ghurair
62 Toukan Enterprise
Vice Chairman of Al Ghurair Investments and Chairman of Al Ghurair Foods, UAE.
A family-owned soap factory in Nablus, and an interview with Chairman Farouk Toukan.
30 Family Business Relationships
Solutions to toxic relationship patterns in family firms.
64 The Naji Family
Arabesque architecture and art preserved over generations by the Naji family based in the USA and Morocco.
The ArAbiAn PublicATion for fAmily businesses
Volume 13 Jan-Mar 2012
Volume 11 Jul-Sep 2011
14 Profile: van Bommel
32 Philanthropy in Family Businesses
12 40
Ahmed Seddiqi & Sons - A Family
History of Precision
60 years of passion for luxury watches.
Alserkal Group A Family Business Going Green
Profile of the Alserkal Envirol plant.
Volume 14 Apr-Jun 2012
16
60 70
Ajegroup
Q&A with Mohammed Alkhorayef
The vision behind the Alkhorayef Group’s agricultural expertise
The most Global Peruvian Family
52
A Peruvian family firm goes East.
Abdul Latif Jameel Community
Drivers of Talent management in the Middle East
Drivers of talent management in Middle Eastern markets and firms
Initiatives
A family’s quest for job creation.
42 58
The Nuqul Group: HR Systems in the Family Business
Pillars and standards for efficient HR systems in family businesses
Q&A with Veronica Maldonado, Venezuela
The Maldonado family history and their pursuit of good ownership
sPeciAl feATures
Human Capital
Special FeatureS
family business
Diversification The balancing act of managing the familiy business portfolio
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Family Business
Internationalisation Finding the key to successful internationalisation for family-owned firms
Developing people in- and outside the family
SPECIAL FEATURES: Family Businesses Driving Environmental Strategies
COVER 014.indd 1
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PROFILE Tharawat magazine… publishes a collection of high-quality family business articles, case studies, interviews, and profiles by regional and international authors and contributors. is a quarterly business publication. is bilingual (English and Arabic). is printed exclusively on wood-free paper.
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Tharawat magazine Sections… Introduction: Contains a global family business news overview, as well as the FamilyBusiness2FamilyBusiness case study.
Profiles: Family business profiles and interviews with emphasis on family histories and values.
Features: Articles that cover relevant business topics, as well as Q&As with family business members.
Special Features: Articles, interviews, and exposés around a specific family business topic that sets the theme of an issue (see Publishing Schedule). SMEs
SAYADI PIONEER STONE CARVING
SAYADI PIONEER STONE CARVING
SMEs
The city of Dar Châabane, in Nabeul, Tunisia, is the home of traditional craftsmanship; it is best-known, however, for its experts in the art of stone carving. Sayadi Pioneer Stone Carving is a family business set up by a Dar Châabane resident, Mohammed Al-Saleh Bin Abdul-Salam Sayadi, nearly fifty years ago, originating from his passion for this craft and its rich history. In an interview with Tharawat Magazine, Eng. Lutfi Sayadi, son of Mohammed Sayadi, speaks about the various stages of development of the stone carving industry, the secret as to how his family has preserved the craft, and the challenges the family business is facing today.
SME and Entrepreneurs: Articles, profiles and interviews with family business SMEs, regional entrepreneurs and innovators.
Sayadi Pioneer Stone Carving
Tunisia
Family history written in stone
T
he success and survival of the Sayadi
Al-Qarawi (the guardian of the craft), who taught
Company is credited to a man who,
him for many years. Mohammed quickly learned the
besides being uniquely talented and
secrets of the trade, starting from the extraction of
skilled, has a passion and dedication
stones from quarries in the mountains, through to
that has made him, over time, an expert
cleaning stones and shaping them into various forms,
craftsman. He is the founder of the Sayadi Company:
and ending with decorating stones and turning them
Mohammed Al-Saleh Bin Abdul-Salam Sayadi.
into works of art. In the 70ies, he worked alone, and
LEFT: The Sayadi family’s craftsmanship is showing on many facades of important buildings in Tunisia
sometimes with fellow craftsmen in the restoration,
72
RIGHT: Mohamed Sayadi has a rich career CENTRE: Mohamed Sayadi’s picture on the Tunisian Dinar note
After Mohammed had won appreciation and
The family-owned business has seen a marked
encouragement from the culture and arts society
development after the second generation,
in Tunisia, he decided to return to his hometown,
represented by Eng. Lutfi Sayadi, the founder’s
and started in 1973 his own stone carving
son, joined the company in 1997. He started
business, which would transform into a family
to organise the production processes and
firm over time. He continued his career in the
introduced modern technology and machinery to
design and manufacturing of high-quality pieces
the business after he had developed the general
of work for the decoration and restoration of
strategy and vision.
Mohammed Sayadi grew up in the city of Dar
construction and decoration of many important
various buildings. Today, the family-run company
Châabane in Nabeul, Tunisia, whose people are known
buildings in Tunisia, including the decoration the
owns several galleries in various Tunisian cities,
The Sayadi family has preserved the fundamentals
for mastering the art of traditional stone carving. It
main entrance of the presidential palace in Carthage.
as well as in the Gulf, Libya and Algeria. The
of the traditional craft, and continues to develop
was an evolving industry at the time and began to
Mohammed also participated in the restoration of
number of its craftsmen increased from an
some of its aspects, undertaking the responsibility
attract great attention. He joined the workshop of
Al-Asram house, under the supervision of a UNESCO
initial nine to 50 trained artisans working in a
for maintaining this art and introducing it to an
stone carving pioneer, the late Mohammed Al-Asghar
panel, and many other projects in Tunisia and abroad.
new workshop.
international audience.
Tharawat magazine Volume 14
www.tharawat-magazine.com
www.tharawat-magazine.com
Volume 14 Tharawat magazine
Interactive: Overview on the Tharawat magazine digital content.
www.tharawat-magazine.com | 03
73
Publishing & Editorial Schedule... *Events organised by Tharawat Family Business Forum where sponsoring/advertising opportunities are available. (diner, lunch sponsoring, product placement..)
The ArAbiAn PublicATion for fAmily businesses Volume 13 Jan-Mar 2012
12 40
Ahmed Seddiqi
& Sons - A Family History of Precision
60 years of passion for luxury watches.
Alserkal Group A Family Business Going Green
Profile of the Alserkal Envirol plant.
60 70
Ajegroup
The most Global Peruvian Family
A Peruvian family firm goes East.
Abdul Latif Jameel Community Initiatives
A family’s quest for job creation.
SPECIAL FEATURES: Family Businesses Driving Environmental Strategies
The ArAbiAn PublicATion for fAmily businesses Volume 14 Apr-Jun 2012
16
Q&A with Mohammed Alkhorayef
The vision behind the Alkhorayef Group’s agricultural expertise
52
Drivers of Talent management in the Middle East
Drivers of talent management in Middle Eastern markets and firms
42 58
The Nuqul Group: HR Systems in the Family Business
Pillars and standards for efficient HR systems in family businesses
Q&A with Veronica Maldonado, Venezuela
The Maldonado family history and their pursuit of good ownership
sPeciAl feATures
Human Capital Developing people in- and outside the family
COVER 014.indd 1
4/2/12 10:25 AM
THE ARABIAN PUBLICATION FOR FAMILY BUSINESSES Volume 14 Apr-Jun 2012
16
Q&A with Mohammed Alkhorayef
The vision behind the Alkhorayef Group’s agricultural expertise
52
Drivers of Talent management in the Middle East
Drivers of talent management in Middle Eastern markets and firms
42 58
The Nuqul Group: HR Systems in the Family Business
Pillars and standards for efficient HR systems in family businesses
Q&A with Veronica Maldonado, Venezuela
The Maldonado family history and their pursuit of good ownership
Next SPECIAL FEATURES
the
Generation
drives the family business into the future
Vol13 January 2012 Special Features: Family Firms Going Green Spotlight Series: Latin American Family Businesses Part 2 Author Deadline: 5th November Media Sponsorships: Project Village Energy Summit (Ernst & Young), *Tharawat Family Business Forum Conference: Organisational Structures, Dubai Vol14 April 2012 Special Features: Human Capital and the Family Business Spotlight Series: Latin American Family Businesses Part 3 Author Deadline: 5th February Media Sponsorships: *Tharawat Family Business Forum: Arabian NextGen Career Days, 27-28 May 2012 Dubai Vol15 July 2012 Special Features: The Next Generation Spotlight Series: Indian Family Businesses-part 1 Author Deadline: 5th May (flexible) Media Sponsorships: *Tharawat Family Business Forum: Continuum Conference 29-31 August 2012 London Vol16 October 2012 Special Features: Ownership in Family Firms Spotlight Series: Indian family businesses - part 2 (TBC) Author Deadline: 5th August (flexible) Media Sponsorships: *Tharawat Family Business Forum: Business Talks October 2012 Beirut *Tharawat Family Business Forum: Round Tables November 2012 Cairo Vol17 DEcember/January 2013 Special Features: Communication (internal and external) in Family Firms Spotlight Series: Italian Family Businesses - part 1 (TBC) Author Deadline: 5th November (flexible) Media Sponsorships: *Tharawat Family Business Forum Awards Q1, 2013, Dubai
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Key Facts, Authors & Distribution... KEY FACTS: Circulation:
Presence:
3000
35
copies
countries
FACT:
90%
Print Readers:
Online Readers:
5000 40’000 ca.
ca.
Our readers profile: Around 90% of all businesses in the Middle East are familyowned and/ or family-run
Authors:
130
More than 130 authors belonging to more than 6 regions, and 30 countries Tharawat magazine has had the pleasure to work with a set of highly distinguished authors and interviewees from family businesses and expert institutions, from all over the world. If you are interested in contributing to Tharawat magazine contact us under info@tharawat-magazine.com
Decision-makers/executives/ shareholders of family owned and/or managed businesses from the MENA region as well as family business providers, experts, academics, and the Middle Eastern and international business community at large.
Distribution Area: % per country:
25% UAE 12% KSA 10% KUWAIT 10% OMAN 10% EGYPT 32% Rest of MENA 1% ROW Tharawat magazine is a media sponsor at several high profile business conferences in the MENA, and is the exclusive media partner of the Tharawat Family Business Forum.
www.tharawat-magazine.com | 05
Digital Channels... Tharawat magazine website www.tharawat-magazine.com
The Tharawat magazine website got a make-over and with its new and improved looks is more inviting than ever for those who want to learn more about family businesses. With access to back issues and the soon to be launched online shop, the Tharawat magazine website is aiming to provide readers with an interactive and enjoyable experience. Go to our website now and subscribe to our newsletter or find out more about how to get print copies.
Tharawat blog Fulfilling its vision of becoming a prime international family business content provider, Tharawat Media will be launching its first blog. By hubbing articles, interviews as well as columns from experts and family business members all over the world, Tharawat Media aims to create a unique source for family business knowledge. Joining forces with the Tharawat Family Business Forum, Tharawat magazine will be primary content provider for the blog expanding its reach regionally and internationally. The Tharawat Blog will be launched by the end of 2012.
Tharawat magazine tablet And Mobile Application Rather than debating whether readers prefer their magazines in print or digitally, we have decided to provide them with both: Tharawat magazine is launching its Tablet Application allowing readers to subscribe to a fully digital edition, which will include videos and other multimedia content giving even deeper insights into the world of family businesses. The Tharawat magazine App is to be launched within 2012 expanding our reach to readers all over the world.
06 | www.tharawat-magazine.com