Mergers and acquisitions targeting the Middle East and North Africa region in 2019 exceeded all annual totals, after confirming the large merger deal between Saudi Aramco and SABIC with a value of $ 70.4 billion, which is the largest deal Global merger and acquisition so far this year.
Mergermarket, the leading provider of mergers and acquisitions data and information, has released new research showing that even with the exclusion of this deal, mergers and acquisitions in the MENA region have recorded their second highest quarterly value.
According to a statement, a copy was obtained by Namazen, which included prominent deals, which include the Abu Dhabi National Oil Company deal, ADNOC, the key to this increase, including the sale of ADNOC oil pipelines to KKR and Black Rock in exchange for 4 billion USD, representing the largest liquidation of the company in the Mergermarket Records.
The statement also stated that the region also witnessed a $ 4 billion deal between Abu Dhabi Commercial Bank and Union National Bank of the Emirates, and this step represents the second merger of local banking services within a few months, following the merger between The Saudi British Bank and the First Bank last October for $ 4.7 billion.
With the region moving away from the macroeconomic problems that have arisen elsewhere in the world, the foreign investment sector has witnessed a marked increase in violation of the global trend, and a total of 22 incoming deals worth $ 14 billion were recorded in the first quarter of This year, the highest quarterly value since the fourth quarter of 2007, following deals such as Uber's acquisition of rival Karim. Local mergers also increased, with 21 local deals in the first quarter, compared to 14 deals in the fourth quarter of last year.
In the context of talking about the region's largest deals, Aramco SABIC, Saudi Aramco announced today that it has set the price of its initial bond offering at $ 12 billion.
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The acquisition and mergers deals in the Gulf call for the promotion of in-depth research
