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.
