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FINANCIAL NEWS
Mideast’s M&A value reaches USD 1.5bn in Q1
19 Apr 2016
(MENAFN) The Middle East region proclaimed a whole of 13 M&A deals estimated value of USD 1.5bn in Q1 of 2016, which are same as in Q1 of 2015.
Moreover, telecommunications sector was the most targeted in the Middle East, entirely as a result of Saudi Telecom firm’s USD 494mn acquisition of Kuwait Tele.
Accordingly, UAE attracted the highest number of deals during the quarter, with seven deals announced totaling USD 447mn.
In addition, other sectors that viewed increase were construction, which posted USD 135mn in Q1 2016, compared with USD 41mn in 2015.
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