The Billionaire's Past novel Chapter 5

CHAPTER 5

The life of Atif’s family.

Atif life is the opposite of what Aliyah have.

He is consider as a young billionaire in the society where he belong. He has all possessions that needed in order to be happy or successful.

Atif seemed to have everything –he is brainy, good looking, charming, and have plenty of money.

His family combined fortune is derived largely from stakes held in H & A Summit, which has interests in airlines, shipping or logistics, manufacturing, distributing, marketing, telecom, banking, food, and property.

H & A Summit Holdings, Inc. is a holding company, which engages in the manufacture and distribution of agro-industrial products, and the provision of real estate development and management services.

It operates through the following segments: Real estate and Hotels; Banking; Food, Agro-Industrial and Commodities; Air Transportation; and Other Supplementary Business.

The Food, Agro-Industrial & Commodities segment produces snack, pre-mixed, canned and frozen foods.

The Real Estate and Hotels segment deals with the development and leasing of residential and commercial spaces.

The Banking segment operates commercial and thrift banks.

The other supplementary business segment provides printing and marketing services.

The company was founded by the late father of Haris and Haris best friend Alem who died in his early age.

When the company was founded, Alem is the chief executive for he own the biggest stake in the holding company. Almost half of the holding company’s total share of stock is owned by Alem.

But when Alem died because of brain cancer Haris father take over his position for Alem has no successor that time because he is an orphan. Even though, Alem has a rumor son. But no matter how Alem searched the child he cannot find his son until his last breathe he didn’t meet his son.

As Alem best friend, Haris promised to him that he will find Alem’s son and he will give the position Alem’s left when he find the child.

When Haris father died because of his old age, Haris take over on the position as a chief executive.

At present, Haris, Atif grandfather runs H & A Summit as its chief executive.

Mateo, Atif father, and Sara, Atif stepmother manage their shipping and logistic business.

Jasmin, Atif stepbrother run their telecom company.

Hana, Atif stepsister manage their marketing business.

While Atif is in charge in their banking and distributing businesses.

The rest of the companies under the H & A Summit as a

Subsidiaries are owned by their other relatives and close friends.

Businesses that are completely owned by a holding company are referred to as "wholly-owned subsidiaries." Although a holding company can hire and fire managers of the companies it owns, those managers are ultimately responsible for their own operations.

A holding company is a type of financial organization that owns a controlling interest in other companies, which are called subsidiaries.

The parent corporation can control the subsidiary's policies and oversee management decisions but doesn't run day-to-day operations.

A holding company typically exists for the sole purpose of controlling other companies. Holding companies may also own property, such as real estate, patents, trademarks, stocks, and other assets.

Those facts shows that Atif belongs to rich and influential family in their society.

As mentioned Atif has a stepmother, stepbrother and sister.

Sara is Atif stepmother, the mother of Jasmin and Hana.

Jasmin and Hana are children of Sara from her previous marriage. They are older than Atif.

Atif is the youngest among them. He is consider the only biological son of Mateo and the only legitimate grandson of Haris for Mateo is the only son of Haris. That’s why Atif is the chosen successor for the present position of Haris.

For Atif is next in line to be a chief executive of H & A Summit Holdings, Inc., in the age of 25 his life is not as normal as other man enjoying.