Navid Kamal, Head of Banking Services for the Middle East and North Africa at Citigroup Group stated that the group is currently working to provide advisory services for seven mergers and acquisitions in the Middle East North Africa, and most of these seven deals are taking place in the UAE and Saudi Arabia.
According to Bloomberg, Kamal said: “Some of these deals are of enormous sizes, and are for companies looking to conduct acquisitions outside the region in order to build networks and achieve geographical diversity.” >
He added: Depending on the number of successful deals between these seven deals, the current year may be one of our best years, and perhaps one of the best years for the market in general. >
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