Bloomberg News

Gulf Arab Companies See Rise in M&A Activity, Full Circle Says

June 06, 2012

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.

To contact the reporter on this story: Maher Chmaytelli in Dubai at mchmaytelli@bloomberg.net

To contact the editor responsible for this story: Riad Hamade at rhamade@bloomberg.net


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