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Mergers and acquisitions in Saudi Arabia surged 55% in 2024, reaching $9.6 billion, driven by foreign investment and key sectors aligned with Vision 2030. The demand for warranty and indemnity insurance rose significantly, reflecting a growing trend among institutional investors to manage transactional risks effectively. Regulatory reforms and increased foreign direct investment are positioning Saudi Arabia as a prime destination for global capital, particularly in technology and infrastructure.
Mergers and acquisitions in Saudi Arabia surged 55% in 2024, reaching $9.6 billion, driven by foreign investment and key sectors aligned with Vision 2030. The demand for transactional risk insurance rose 78%, with warranty and indemnity insurance becoming essential for managing deal risks and expediting transactions. As the Kingdom enhances its regulatory framework to attract foreign direct investment, it aims to increase annual FDI from $26 billion in 2023 to $100 billion by 2030.
India and the UK are set to relaunch free trade agreement talks in the new year, as Prime Minister Narendra Modi met with UK Prime Minister Keir Starmer during the G20 summit. Modi emphasized the need for the extradition of fugitive businessmen Vijay Mallya and Nirav Modi, highlighting the importance of addressing economic offenders in the UK. Additionally, Modi announced the opening of two new Indian consulates in Belfast and Manchester.
Sonam Kapoor and her husband Anand Ahuja's Bhaane Group have acquired Mumbai's iconic music store, Rhythm House, for Rs 47.84 crore ($5.7 million). The store, which closed in 2018 after its previous owner defaulted on loans, marks the end of an era for music lovers who cherished physical media. The sale was overseen by a resolution professional appointed by the Indian bankruptcy court.
Sonam Kapoor and her husband Anand Ahuja are acquiring Mumbai's iconic Rhythm House music store for $5.7 million (478.4 million rupees). The 3,600-square-foot store, which closed in 2018 following financial troubles of its previous owner, was sold under the oversight of a bankruptcy court resolution professional. The deal's value was confirmed in a telephone interview with Bloomberg News.
Nirav Modi
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saudi arabia sees surge in mergers and acquisitions driven by foreign investment
19:18 29.03.2025
saudi arabia sees surge in mergers and acquisitions driven by foreign investment
19:18 29.03.2025
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sonam kapoor acquires iconic mumbai music store rhythm house for 5.7 million
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sonam kapoor acquires iconic rhythm house music store in mumbai for 5.7 million
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