#M&A
Saudi Arabia also remained a prime investment hub, contributing to a combined 318 deals with the UAE, valued at $29.6bn
Technology disruption, post-globalisation and shifting profit pools will drive dealmaking in the year ahead as interest rates and regulatory challenges are likely to recede, revealed the Bain & Company report
The platform addresses common challenges in the M&A process, such as high costs and fragmented service models, streamlined, and cost-effective alternative
Covestro said in June it was stepping up talks with ADNOC after the UAE’s national energy company made an improved takeover bid
While the timing of a full-throttle M&A market recovery is not entirely clear, dealmaking activity in the GCC gathered steam in H1 2024
The shares were sold to the Endowment of Sheikh Sultan bin Mohammed bin Saqer Al Qasimi, the Sharjah Social Security Fund and Sharjah Islamic Bank
The company has invested in renewable projects around the world at different stages of development, valued above $30bn
Several banks in the region are reportedly considering acquisitions in Turkiye, Egypt, and India to diversify business models and enhance profitability
The banking group said it was conducting studies on the potential expansion and that these were in line with its strategy envisioning potential investments in the region
Deliberations between the two lenders are reportedly ongoing but there is no certainty that they will result in a deal
Following the theme of its conference, EFG Hermes highlights opportunities available in frontier emerging markets
The UAE consolidated its status as the preferred destination for investors due to its business-friendly regulations and efficient legal framework
Despite global dealmaking challenges in 2023 the Middle East will continue to be a global bright spot for transactions in the year ahead
Dealmakers and their advisers are including insurance on their agenda just as much as the traditional corporate risk manager
Regional integration efforts like the GCC facilitating smoother M&A transactions by streamlining regulations and cross-border investments will support M&A growth
The transaction is expected to close in the third quarter, subject to regulatory approvals
The plans to further support its Algerian business to accelerate its growth and capture new pockets of opportunities within the country and the wider region
Are deals and valuations resilient for the healthtech sector in 2023?
Domestic deals represented 34 per cent of the total M&A value at $28.4bn while outbound deals led in value at $40.1bn
The transaction is expected to close in Q1 2023 subject to regulatory approvals,
Overall deal activity in the region continued its upward trend with 307 deals in the first half of the year
GMG will now operate over 550 sports retail stores in 57 cities across 12 countries
The Abu Dhabi-based company has amassed a portfolio spanning real estate to utilities and health care to food services