M&A

GCC Region M&A Activity – Q2 2015

At the end of Q2 2015, GCC region witnessed 31 completed M&A deals (Markaz GCC M&A Report – Q2 2015). Though the number of transactions completed increased by 11% in Q1 2015, there was a decline by 9% compared to the same period in 2014. In continuation to the trend observed in the earlier periods, UAE and Saudi Arabia consistently dominate the M&A space in the region. UAE and Saudi Arabia collectively accounted for 65% of the transactions of the...

GCC WACC – A Toolkit for Corporate Financiers

Weighted Average Cost of Capital (WACC) assumes importance in corporate finance decision making. In the GCC, unlisted companies outnumber listed companies by miles and hence most of the deals involve unlisted companies in one way or other. Corporate finance professionals face twin problem while valuing an unlisted company. They have to estimate future cash flows and also estimate the appropriate “discount rate” at which these cash flows can be discounted to the present. Such a discount rate is nothing but...