GCC records 72 M&A deals in Dec – The Peninsula Qatar

GCC records 72 M&A deals in Dec – The Peninsula Qatar

Doha: As many as 72 mergers and acquisition (M&A) deals have been announced or closed in the GCC in December, according to a KPMG report. It may be noted that 2021 was a historic year for deal-making activities as global M&A hit record high volumes last year and breached the $5 trillion mark for the first time. 

In the GCC, KPMG’s latest ‘Mergers & Acquisitions Deal Tracker’ report noted that M&A deals in December were seen in various sectors including technology, media, and telecommunications (17), financial services (17), consumer and retail (16), energy and power (11), real estate (6), healthcare (3), and industry and materials (2).