Crowe Horwath chairman hails Oman’s regulatory framework

Muscat - 

Yang Jiantao, co-chairman of Crowe Horwath, hailed the strict regulatory framework in Oman and said that the regulatory compliances in the sultanate are at par with the world’s leading economies.

Jiantao was speaking at a recent talk on ‘Complexities of Family-Owned Businesses’ organised by Horwath Mak Ghazali, which is Crowe Horwath’s member firm in Oman. The meeting was held at Grand Hyatt Muscat under the patronage of H E Yahya al Jabri, chairman of the Special Economic Zone Authority at Duqm and was also attended by H E Abdullah al Salmi, executive president of the Capital Market Authority and H E Yu Fulong, Ambassador of China to Oman.

Speaking at the event Asin Nurani, an expert on family businesses, said that global statistics showed that the survival rate of family businesses from first generation to second generation is 30 per cent; from second generation to third generation is 15 per cent; and from third generation to fourth generation is only three per cent.

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