Saudi Arabia saw a significant increase in the volume and value of deals during the first half of 2019.
Saudi Arabia recorded 14 deals worth $72,567m compared to 20 deals worth $8,511m during the whole of 2018 according to Mergermarket.
The jump in value is largely due to the $70.4bn mega deal between Saudi Aramco and SABIC announced at the end of March. Saudi Aramco’s SABIC investment is the region’s largest deal on record and the second largest Industrials & Chemicals deal globally. The deal gives Saudi Aramco more petrochemical production capacity aligning with the Kingdom’s 2030 Vision.
Vision 2030 is set to transform deal activity in the region as the privatisation of assets from the government will lead to diversification of portfolios of family businesses and corporates. Saudi Aramco’s expected IPO and the emergence of new opportunities in Saudi Ararbia and subdued activity in Dubai has also attracted foreign investors to Saudi Arabia’s IPO market.
The Saudi Arabian M&A and Capital Markets Forum will take place on 9th September in the Four Seasons Jumeirah Beach, Dubai. We look forward to seeing you there to discuss the key trends affecting M&A in the country. Book your place here.
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