Companies in the Persian Gulf expect to initiate more mergers and acquisitions this year as a way of expanding, according to a Full Circle Investments survey of chief executive officers and company owners.
M&A is the second most cited restructuring that CEO and business owners plan to initiate in the next 12 months, after controlling costs, according to the survey that covers 150 companies in Saudi Arabia (SABIC), the United Arab Emirates, Bahrain, Qatar, Kuwait and Oman.
In the past 12 months, M&A ranked as the fourth-most initiated activity after costs, establishing strategic alliances and divestments, the survey said.
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