August 18, 2021 at 9:33 am
#38985
Mohamad Alchalabi
Participant
I assume you were referring to the Saudi market and possibly a few other countries on the M&A activity in banking and insurance. In general, uncertain times or weaker industry times normally lead to an increase in M&As since survival is more likely in unity, perceived lower costs per unity of service, higher market share (higher dependence from customers on a few players), etc.