Ziad Awad, founder and chief executive officer at Awad Capital, discusses the fall in M&A activity in 2016, the impact of low oil prices on the activity and which industries are ripe for consolidation in the region. He speaks to Yousef Gamal El-Din and Rishaad Salamat on "Bloomberg Markets Middle East".
Ziad Awad discusses the developments in the M&A market in the first half of 2016 as well as the outlook for the rest of the year. Large mergers in the UAE are helping consolidate and strengthen banks as well as companies in the oil and gas sectors. The overall drop in volumes has been driven by the reduction in outbound Sovereign Wealth Funds acquisitions, while more transactions are taking place on the local market.
Dubai TV 13 April 2016
Ziad discusses the current M&A market in the MENA region after the fall in oil prices and the construction industry's downturn. Regional investors are therefore more interested in investing in sectors like tech, healthcare and education.
CNBC Arabia 7 June 2015
Should GCC Sovereigns be issuing Sukuk to finance their deficits? What are the drivers of M&A activity in the region? And which are the favourite sectors by investors and why?
CNBC Arabia 30 Oct 2014
Ziad discusses investment banking and M&A Activity in the year 2014 to date. Is the big drop in Q3 due only to the summer and Ramadan seasonal effects ? This remains to be seen. Q4 is off to a strong start and depending how it goes it will shape the overall performance of 2014
CNBC Arabia 24 Aug 2014
New UAE and SCA law will allow existing shareholders to sell down part o their equity at the IPO stage. This is in addition to raising “primary” cash to finance future growth.
The prescription from selling secondary equity at IPO stage was one of the main reasons many companies decided to go abroad for their listing. GMS is a great example of this as the main purpose of the IPO was to allow the Private Equity owners, Gulf Capital, to exit part of their investment.
CNBC Arabia 13 May 2014
Liquidity continues to be very high and is driving activity forward. However valuations remain very reasonable with room for growth. Still a lot of market deregulation is required to support the IPO market and encourage companies to list in the UAE instead of foreign markets.
CNBC Arabia 9 March 2014
Discussing the regional private equity developments. Regulators can do a lot to support the market; On one hand allow or make it easier to take companies private. On the other, allow companies to IPO, while selling less than the current 55%. 25-35% should be optimal from a liquidity perspective.
CNBC Arabia 4 February
Arabtec 's performance reflects the strong market fundamentals, the new Abu Dhabi ownership. The equity market likes fresh news. But the UAE market needs a broader mix of sectors, beyond banks and real estate.
Emaar's new CEO announcement was big news but the timing was surprising from a Governance perspective.