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FinancialNews
14-04-22
Kuwaiti Kamco Invest predicts surge in M&A activity
(MENAFN) Kamco Invest, an autonomously administrated subdivision of Kuwait Projects Company (Kipco), predicts mergers and purchases to get back their momentum the current year, pursuing a robust performance in last year.
According to Abdullah Al Sharekh, managing director of markets and investment banking at Kamco Invest statement on Tuesday, “the increase in M&A activity within the Mena region indicates the voracious appetite in the market following the pandemic.”
The statement also added, “we expect another active year for investment banking across all sectors … this will mainly be driven by corporates seeking to finance their expansions, grow inorganically and enhance their competitive advantage while leveraging on the positive market sentiments.”
MENAFN14042022000045013568ID1104020741
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