The value of Middle Eastern mergers and acquisitions (M&Ss) reached $9.5 billion during the first quarter (Q1) of 2015, marking a 152 per cent increase from the first three months of 2014 and the best annual start since 2012, a report said.
The intense pressure created by oil prices falling below $50 is challenging cash flows, to which companies are expected to respond with mergers and acquisitions and reshape the competitive landscape to their advantage, a report said.
Middle Eastern equity and equity-related issuance during the first nine months of 2014 totalled $5.1 billion, a 43 per cent increase in activity from the $3.6 billion reached same period in 2013, a report said.
The National Bank of Abu Dhabi (NBAD), has appointed a new head of mergers and acquisitions (M&A) to work in the bank’s investment banking group (IBG) and expand its advisory activities.
Michael Aissaoui joins NBAD from Société Général
Political unrest plaguing the Mena region will delay planned deals with activity seen flat versus last year, said Standard Chartered mergers and acquisitions executives.
Ralf Pilarczyk, regional head of M&A, Standard Chartered Mena and
The Middle East was a hive of merger and acquisition (M&A) activity in 2010 with more than 500 deals announced in the region, the most on record, according to Thomson Reuters 2010 Middle East Investment Banking Analysis.
Islamic banking, which has also been affected by the global financial crisis, should consider mergers and acquisitions as an avenue for sustained growth, said AT Kearney, the leading management consulting firm.
The global financial crisis
The third quarter of this year was the busiest period on record for Middle Eastern targeted merger and acquisition activity with $15 billion in deals done.
'The first nine months of the year has seen banks in the region kept busy with
The mergers and acquisitions deals announced in the Mena region dropped by 15 per cent in value to $18.5 billion in the first half compared to $21.7 billion last year, according to Ernst & Young (E&Y).
In its latest M&A update,
The mergers and acquisitions (M&A) deal value announced in the Mena region dropped by 15 per cent in the first half to $18.5 billion, compared to $21.7 billion announced in the same period last year, according to Ernst & Young.