Real estate related economic and financial news covering the MENA region.
MENA M&A deals dominated by UAE, Qatar and Saudi
Apr 28, 2012
According to a report by Ernst & Young, the UAE, Qatar, and Saudi Arabia have captured 78% of the deal value of the domestic mergers and acquisitions (M&A) announced in the Mena region in the first quarter of 2012, Arab News has reported. The UAE topped the region in terms of total value, comprising approximately 29% of total domestic disclosed deal value worth $445m, followed by Qatar at 29% of total domestic deal value worth $439.6m, and Saudi Arabia at third position with 20% of deal value worth $304m. Overall, mergers and acquisitions in the region dropped by 40% to $8.5bn during the first quarter of 2012 compared with $14.1bn during the corresponding period last year, the report said.