The survival rate of second generation family businesses is 30 per cent while third and fourth generation family companies account for 15 per cent and 1 per cent to 2 per cent respectively.

Survival chance for 100-year-old companies is only 0.5 per cent, according to a study conducted by western companies, said Family Businesses Society president Khalid Kanoo.

The number of family businesses operating for 70 years in Bahrain is less than 20, Kanoo said.-TradeArabia News Service