Cars drive past the Kingdom Centre Tower in Riyadh, Saudi Arabia, January 30, 2018. REUTERS/Faisal Al Nasser
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Asset sales from Saudi power plants and football clubs to African energy firms are set to help deliver a bumper year for deals in the region. Investment banks expect the pace of transactions in the Middle East and Africa to gain momentum after a busy first quarter. Abu Dhabi sovereign fund Mubadala Investment Co. is planning the IPO of Emirates Global Aluminium this year, and potentially one or two other companies, CEO Khaldoon Al Mubarak told Bloomberg in February.Africa PickupSome of the biggest equity deals this year have been in Africa.More deals look set to come from Africa. Citigroup Inc. is expecting to see its best year yet for investment banking in Africa, Miguel Azevedo, Citigroup's head of investment banking for the region, told Bloomberg.
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