10 KEY TAKEAWAYS FROM THE ACT MIDDLE EAST TREASURY SUMMIT 2024
October 3rd, 2024
*UAE family-owned businesses still debt shy, says top CFO
In the United Arab Emirates (UAE), family-owned businesses contribute up to 70% of GDP, according to the ministry of economy, and continue to be a powerful force in the Gulf region, the ACT Middle East Treasury Summit 2024 was told.
But the main challenge is their perspective on debt and cash management, according to Maher Ousta, Group CFO of Dubai-based technology company SIBCA, in a panel discussion: “Many families are averse to having debt on their books, which can hinder growth. It's ...
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