15 Hrs
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وكالة صدى نيوز
Saudi Arabia acquisition deals rebound
The article relates to the revival activity in merger and acquisition deals in the Saudi market, despite the repercussions of the Iran war which affected initial listings. Data shows a strong recovery from the second quarter through August, with the number of economic concentration requests increasing by 29% compared to last year, totaling 112 requests and 76 non-objection decisions, with foreign companies dominating 75% of the requests. The deals were concentrated in sectors such as healthcare, energy, financial services, and industry. They included acquisitions worth several billion riyals, as well as international expansions and investments in sports. Work continued despite geopolitical challenges, and the market for initial public offerings remained lower compared to previous years.
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