Al Fahim Group, the family concern that holds concessions on brands, including cars, banking and hotels, is preparing some of its companies for public listing.
Rashed Al Fahim, the managing director for the group, says that an initial public offering (IPO) for the entire conglomerate is out of the question but that some of the separate businesses could be listed in the next few years.
"We can't list our name as a business," he said. "We have many separate interests that we are grooming for public listing, but not the group itself. I think this business should still be a family business but have a proper corporate structure."
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