UAE – Mubasher: Eltizam Asset Management Group announced that it has allocated around AED 200 million for merger and acquisition (M&A) deals that will take place in 2019 and 2020, the company said in a recent statement.
The GCC’s leading physical asset management company plans to acquire companies from multiple sectors including facilities management, owners association management and property management within the country and throughout the GCC.
The move comes along with the company’s strategy to boost its presence in the regional market including Oman, Kuwait, and Saudi Arabia.
Currently, the group is in talks with a number of companies to finalise some deals by the end of 2019, the statement said.
“As a leading provider of strategic management services, We want all services that our clients may seek to be available with Eltizam – essentially allowing us to not only control the asset but also protect the asset to ensure its managed and maintained in line with best practice, this, in turn, allows us to enhance the asset and reduce the overall cost base providing much better returns to investors in any asset class,” Chris Roberts, CEO of Eltizam Asset Management, commented.