The Kuwaiti market enjoyed a healthy level of M&A activity throughout 2021 during which there was a total of 39 M&A transactions that closed targeting Kuwaiti companies. This implies a 70% growth in activity year over year and a 5 growth relative to 2019. Overall, Kuwaiti acquirers took the reigns on the deals, closing a total of 74 transactions, which accounts for 71% of the total number of transactions that closed, followed by other buyers, who accounted for 20% of these transactions, respectively. Other buyers comprise of transactions for which the buyer information was not available. The transactions that closed involved companies that operate in various sectors. With that being said, the sectors that attracted the greatest level of activity between 2019-2021 were the Financials, Real Estate and Industrials sectors, who collectively accounted for 61 of the total number of closed transactions involving Kuwaiti targets. Moreover, Kuwaiti acquirers also sealed 95 transactions throughout the past three years, 81 of which involved GCC companies (including Kuwait) while the remaining 14 targeted foreign companies. Kuwait acquirers demonstrated a specific interest in Egypt and the United Kingdom, in which they closed a total of four and three transactions, respectively
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