MENA M&A Flat In Q-1 of This Year

MENA M&A Flat In Q-1 of This Year

MENA M&A Flat In Q-1 of This Year

The Middle East and North Africa (MENA) region has recorded 13 M&A’s (mergers and acquisitions) in Q-1 of Y 2016, an unchanged number from the same frae in Y 2015, a study showed on Monday.

But the total value of these deals dropped by 39.7% to US$1.5-B from US$2.5-B, said the study released by financial intelligence service Mergermarket.

The United Arab Emirates (UAE) ranked 1st with 7 deals totaling US$447-M, said the global research editor at Mergermarket.

“The highest valued UAE deal of the Quarter was the $292-M acquisition of e-Commerce platform, by Standard Chartered Private Equity Limited, Baillie Gifford and International Finance Corporation, in a funding round that valued the company at 1 billion dollars,” she added.

Mergermarket identifies the telecommunications sector as the most targeted in the Middle East, entirely as a result of Saudi Telecom Company’s US$494-M acquisition of Kuwait Telecommunications, the highest valued deal of the Quarter.

Another sector that experienced considerable growth was the construction segment, which recorded US$135-M in Q-1 of Y 2016, compared with US$41-M in Y 2015.

Transport posted US$90-M in Q-1, compared to US$21-M in the same frame last year.

By Tian Shaohui

Paul Ebeling, Editor

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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