| Barclays sees local firms and sovereign wealth funds driving Middle East deals after advising on about $15 billion (R180bn) of equity and mergers and acquisition (M&A) transactions in the first quarter.
“M&A will continue to be active and there will be some interesting outbound deals,” Makram Azar, the chairman for the bank in the Middle East and North Africa, said. “Unlike in the past, sovereign wealth funds from the region will look at more return-generating assets such as… infrastructure, favouring annual cash returns.”..............................................Full Article: Source
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