Merger and acquisition
The
Merger of (SABB) and Alawwal Bank to create the third largest lender bank in the Kingdom of Saudi Arabia with assets of about seventy-seven billion US dollars.
There was a slight decrease in the number of deals in 2019 compared to 2018, however, there was an increase in the value of deals. Saudi Arabia recorded four deals worth seventy-two billion dollars, according to
Merger Market, compared to twenty deals worth eight and five of one hundred billion dollars in 2018.
The command economy of Saudi Arabia is based on petroleum, approximately seventy-five percent of budget revenues and ninety percent of export earnings come from the oil industry.
Merger and acquisition and