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M&A activity hits $27bn in Mena

Dubai, November 26, 2013

The mergers and acquisition (M&A) activity in the Mena region has reached $27 billion year-to-day, its highest since 2001, said a senior executive.

Speaking at the Middle East Banking Forum today (November 26) in Dubai, Husam Kutaifan, managing director of Investment Banking at Emirates Investment Bank, told delegates that he is bullish about the future of M&A in the region.

Driven by improvements in the economy, private equity cycles ending and beginning, and greater liquidity among regional banks, M&A markets look bright, he said.  

Investments and acquisitions in the Mena region are on the rise, particularly in sectors like telecommunications, banking, oil and gas, and aviation, which is complemented by the trend among certain multinationals consolidating their presence in the region, said Kutaifan.

“A clear sign of market revival is the recently witnessed upward pressure in pricing of deals.  Demand and supply dynamics in certain sectors are leading to competitive tension among bidders,” he said.

“We still feel bullish about the outlook for M&A markets as both the macro and micro picture looks positive . This makes us confident that we will close one or two deals we are working on within the new few months. We also see many deals coming in the future as we have a healthy pipeline for 2014.  The markets are back and we feel well positioned to capture the upcoming dealflow,” he added.

Kutaifan was a panellist on “Middle East mergers and acquisitions and how banks are helping make them happen” at the forum. - TradeArabia News Service




Tags: Mena | Dubai | forum | M&A |

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