Tuesday, 6 June 2023

Alvarez & Marsal Says Dealmaking Wave Robust In Mideast Despite Global Dip - Bloomberg

Alvarez & Marsal Says Dealmaking Wave Robust In Mideast Despite Global Dip - Bloomberg

Alvarez & Marsal Inc. is expanding in the Middle East on bets that mergers, acquisitions and restructuring will drive business.

The New York-based turnaround firm recently opened offices in Riyadh and Abu Dhabi and is on track to have more than 200 employees in the region this year. The company made its mark in the Middle East after being appointed as the administrator of scandal-hit NMC Health Plc in 2020.

Faisal Shaikh, managing director and regional head of corporate finance at A&M in Dubai, talked to Bloomberg News.

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