KPMG: GCC to Witness Increased M&A Activity as Businesses Struggle with the Effects of COVID-19

Analysis by KPMG in Saudi Arabia indicates a likely increase in mergers and acquisitions (M&A) across the Gulf Corporation Council (GCC) nations as struggling small and medium enterprises and large corporates alike seek equity injections to meet working capital requirements.

According to the Head of M&A at KPMG in Saudi Arabia, Ali Maabereh, the on-going COVID-19 virus has led to a strong sense of uncertainty due to the prolonged extent of the pandemic with the biggest anticipated threat to companies being liquidity shortages in. Maabereh added that though companies may have healthy operational metrics, cash flows are going to be seeing increased pressure.

Maabereh stated th...