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  • 21-10-21

    Saudi market sees mergers; acquisitions increase 68 percent to 237 applications in 2021

    (MENAFN)Saudi expert declared that the Saudi market witnessed mergers and acquisitions increase 68 percent to 237 applications in the January-September period of 2021 — led by the IT, healthcare and petrochemical sectors.

    Asharq quoted Talal Alhogail, head of mergers and acquisitions at the General Authority for Competition as saying that the annual comparison shows that it was an extraordinary period for business as it rebounds from the pandemic.

    Further declared that he estimates the high rate to carry on into the middle of 2022.

    The authority confirmed the merger of 32 companies and local exchange institutions (purchasing and selling foreign currencies).

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