UK-Saudi M&A deals on the rise as ties strengthen
Merger and acquisition activity between Saudi Arabia and Britain has soared since August when travel restrictions eased, as a new direct investment programme between the two countries offers a further boost to Saudi-UK relations.
Fikry Younis, the Riyadh-based partner of Lumina Capital Advisers, said activity in the Saudi-UK corridor has risen 50 per cent since the summer on the back of eased travel regulations, Brexit and Saudi Arabia’s implementation of Vision 2030.
“Scaling in Saudi Arabia is the main theme that we're seeing right now — whether it's Saudi investors looking to bring in UK expertise and capabilities or UK investors looking to find new or larger markets for their products,” said Mr Younis.
“When we're talking about acquisitions [it’s due to] the prevalence of expertise and knowledge in the UK and the need for that expertise and knowledge in Saudi Arabia,” he said.
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