Mubasher: Kuwait ranked second among the GCC economies in terms of the number of mergers and acquisitions (M&As) concluded from 2014 to 2018, according to a report released by Kuwait Financial Centre (Markaz).

The number of M&As concluded in Kuwait in the mentioned period soared around 163% to 42 from 16, the report found.

Markaz’s report noted that the biggest M&As was in the food, beverages, telecommunications, and education sectors. 

The Kuwaiti M&As market is expected to grow in the coming period, senior official at Markaz revealed.