Transactions decreased by 23% compared to Q3 2019Throughout Q3 2020, the GCC market observed a total of 23 closed M&A transactions, a substantial decrease relative to the same period in the previous year however, this number remained stable relative to the previous quarter. At approximately 44%, the UAE accounted for the majority of the transactions that closed throughout the quarter followed by Kuwait and Saudi Arabia, who accounted for 26% and 22%, respectively. The remaining transactions that closed involved Bahraini and Qatari companies whereas the Omani market recorded zero closed transactions throughout the quarter. It is worth noting that the Kuwaiti market witnessed the greatest level of growth quarter-over-quarter (QoQ) as it witnessed twice as many transactions (closed) as it did in the previous quarter.
GCC Merger & Acquisition Deals (Q3 2020) M&A Transactions within GCC