Middle Easts M&A deals fall to nine-month low in April 2011.

By bne IntelliNews May 3, 2011
The value of merger and acquisition (M&A) deals in the Middle East fell for a third month in a row reaching USD 484mn in April 2011, its lowest level since July 2010. For comparison M&A deals in April 2010 stood at USD 573mn. The number of deals fell by 59% y/y to 26. The top three transactions were fundraisers. UAEs Waha Capital, Bahrains Ahli United Bank and Syrias Fransabank-Syria announced plans to raise a combined USD 335 in capital hikes. The largest M&A deal was the acquisition of a 49% stake in Qatari scaffolding company Multiheight International from Singapores Nordic Flow Control.

Related Articles

Bahrain Middle East Bank fully repays USD 13mn debt.

Bahrain Middle East Bank made a USD 13mn full repayment of a loan obligation including a USD 1.4mn interest payment taking total repayments by the troubled lender to USD 43mn, the bank said in ... more

National Bank of Abu Dhabi launches USD 17mn Uridashi bond, MENAs first ever.

National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, initiated a USD 17mn fifteen-year Uridashi bond, MENA's first ever, allowing the bank to directly access Japanese ... more

GCC economies resilient to MENA turmoil but constrains persist S&P.

The GCC economies remain insulated from economic and political turbulence in the MENA region and globally but structural challenges continue to constrain sovereign ratings, ratings agency ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss