M&As poised to continue growth in 2021 as optimism returns to Saudi market: JP Morgan

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Sun, 2020-12-27 10:51

Despite the COVID-19 crisis creating business uncertainty across the Middle East and North Africa (MENA) region, including Saudi Arabia, 2020 has still been an eventful year for mergers & acquisitions (M&As) market, according to Bader Alamoudi, senior country officer for JP Morgan – Saudi Arabia.

In 2020, M&A activity was driven by companies looking to streamline costs and boost efficiency and optimization, particularly during periods of prolonged uncertainty, Alamoudi told Argaam in an interview.

JP Morgan will continue to expand its presence in Saudi Arabia. (FIle/Reuters)
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