| Barclays Plc sees local firms and sovereign wealth funds driving Middle East deals after advising on about $15 billion of equity and M&A transactions in the first quarter.
“M&A will continue to be active and there’ll be some interesting outbound deals,” Makram Azar, chairman for the bank in the Middle East and North Africa, said in a telephone interview. “Unlike in the past, sovereign wealth funds from the region will look at more return-generating assets such as for example infrastructure, favoring annual cash returns.”..............................................Full Article: Source
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