About Us

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Overview

Creating Value Through Mergers and Acquisitions in Saudi Arabia

Saudi M&A Consulting combines deep local market knowledge with international consulting expertise to support companies, investors, private equity firms, family businesses, and institutions navigating mergers, acquisitions, partnerships, and strategic transactions in Saudi Arabia.

As the Kingdom’s economy continues to diversify, M&A is becoming an important route for market entry, business expansion, sector consolidation, and value creation. Organizations need clear strategies to assess market attractiveness, identify the right opportunities, evaluate strategic fit, manage stakeholder expectations, and prepare for successful post-deal execution.

With a team of experienced consultants, strategists, and transaction advisors, we support organizations across M&A strategy, market screening, commercial due diligence, target assessment, investment advisory, partnership strategy, value creation planning, post-deal integration, operating model review, and performance improvement. Whether supporting acquisition decisions, strategic partnerships, or growth through transactions, we help clients make informed decisions and create long-term value in Saudi Arabia.

10+ Years

Experience in Saudi Arabia

13

Saudi provincescovered by our projects

300+

Related projects completed

200+

Local Consultants & Specialists

98%

Client Repeat Rate

/ How we work

We combine local transaction insight with international consulting expertise to help organizations navigate mergers, acquisitions, partnerships, and value creation opportunities across Saudi Arabia.

Local Market Understanding

Local Market Understanding

Our team brings deep knowledge of Saudi Arabia’s business environment, sector dynamics, stakeholder ecosystem, and transaction landscape, helping clients navigate complexity and identify opportunities with confidence.

Global Expertise

Global Expertise

Through the combined strengths of Pure Consulting and Eurogroup Consulting, we deliver international best practices, structured methodologies, and cross-sector experience tailored to Saudi Arabia’s M&A market.

Collaborative & Execution-Focused

Collaborative & Execution-Focused

We work closely with leadership teams to transform transaction objectives into actionable initiatives, ensuring alignment from opportunity assessment through post-deal planning.

Deep Sector Expertise

Deep Sector Expertise

Our experience spans commercial due diligence, market screening, target assessment, strategic partnerships, post-deal integration, value creation, operating model review, and growth strategy, enabling transaction strategies that deliver measurable results.

Long-Term Strategic Partnership

Long-Term Strategic Partnership

We focus on building lasting relationships with our clients, supporting their growth, transformation, and transaction priorities as Saudi Arabia’s investment landscape continues to evolve.

Bringing Together Local and Global Expertise

Pure Consulting

Pure Consulting

Pure Consulting is a leading Saudi consulting firm established in 2014, built on a strong foundation of local and international expertise in strategy, marketing, and communications. Driven by a team of experienced Saudi professionals, Pure helps organizations navigate complex business challenges, identify growth opportunities, and create sustainable impact across the Kingdom.

With deep market understanding and strong stakeholder networks, Pure supports clients in developing market strategies, strengthening business performance, and executing initiatives that drive long-term success in Saudi Arabia.

Eurogroup Consulting

Eurogroup Consulting

Eurogroup Consulting is a leading independent strategy and transformation consulting firm founded in 1982 and headquartered in Paris, France. Operating across Europe, the Middle East, and Asia, the firm helps organizations navigate change, accelerate growth, and deliver meaningful transformation under its guiding principle of ""Leading Positive Transformation.

Drawing on decades of international consulting experience across multiple industries and sectors, Eurogroup Consulting supports organizations in aligning strategic ambitions with structured execution, helping clients create sustainable value and achieve long-term business objectives.

/ Our Management Team

Our leadership team brings solid M&A experience and strong transaction knowledge. They support clients in making clear strategic decisions and driving deal value in Saudi Arabia.

Khalid AlShakhshir

M&A Strategy, Investment & Market Expansion Expert in Saudi Arabia

Khalid AlShakhshir is the Chairman and Chief Executive Officer of Pure Consulting and a senior advisor on business growth, strategic partnerships, and investment opportunities in Saudi Arabia. With more than 20 years of experience across strategy, business operations, marketing, communication, and corporate development, he supports organizations seeking to expand, acquire, partner, or strengthen their position across the Kingdom’s high-growth sectors. 

Khalid brings strong experience working with government entities, investors, and leading corporations across Saudi Arabia. For organizations exploring M&A opportunities in the Saudi market, he provides strategic guidance on market entry, investment assessment, partnership development, stakeholder engagement, and growth execution aligned with long-term business priorities. 

Key Areas of Expertise

  • M&A Strategy & Market Entry 
  • Strategic Partnerships & Joint Ventures 
  • Investment Advisory & Opportunity Assessment 
  • Business Growth & Corporate Development 
  • Stakeholder Engagement & Relationship Building 

Anas AlSafi

M&A Transformation & Growth Strategy Expert in Saudi Arabia

Anas AlSafi is the Vice Chairman and Managing Partner of Pure Consulting and a senior advisor on business transformation, growth strategy, and market development in Saudi Arabia. With more than 18 years of experience leading business, marketing, and communication initiatives, he helps organizations clarify growth priorities, strengthen competitiveness, and move from strategic planning to measurable execution. 

Anas brings deep knowledge of Saudi Arabia’s business environment, stakeholder ecosystem, and transformation agenda. For clients pursuing acquisitions, partnerships, restructuring, or post-deal transformation, he supports the development of growth strategies, operating models, and execution plans adapted to Saudi Arabia’s evolving M&A landscape. 

Key Areas of Expertise 

  • Business Transformation 
  • Growth Strategy & Market Development 
  • Operational Excellence 
  • Strategic Planning & Execution 
  • Organizational Performance Improvement 

Rayyan Khayat

M&A Communication Strategy, Stakeholder Alignment & Execution Expert in Saudi Arabia

Rayyan Khayat is a Partner with more than 13 years of experience in marketing, communications, and management consulting. He supports organizations in developing communication strategies, strengthening planning processes, and translating strategic priorities into clear execution plans. 

His experience with Center of Government projects gives him strong exposure to communication strategy, planning, execution, and advisory support across management consulting areas. For organizations involved in M&A, partnerships, or transformation in Saudi Arabia, his expertise is relevant to stakeholder alignment, transaction communication, change communication, and the successful rollout of post-deal initiatives. 

Key Areas of Expertise

  • M&A Communication Strategy 
  • Stakeholder Alignment 
  • Strategic Planning & Execution 
  • Management Consulting Advisory 
  • Transformation Communication

Emad AlQurashi

M&A Brand Strategy, Market Positioning & Customer Value Expert in Saudi Arabia

Emad AlQurashi is a Partner and Board Member with more than 25 years of experience in strategic marketing, communications, brand leadership, and customer-focused growth. His background across retail and FMCG gives him strong expertise in customer behavior, brand positioning, market engagement, and commercial strategy. 

For organizations pursuing M&A in Saudi Arabia, Emad brings a valuable perspective on brand value, customer perception, market positioning, and post-deal growth. His expertise is relevant to assessing commercial fit, strengthening market presence, and supporting value creation after acquisition, partnership, or business transformation. 

Key Areas of Expertise 

  • Brand Strategy & Market Positioning 
  • Customer Experience Strategy 
  • Commercial Growth Initiatives 
  • Marketing & Communications Strategy 
  • Post-Deal Market Activation 

Damien Duhamel

M&A Strategy, Market Expansion & Value Creation Expert in Saudi Arabia and the GCC

Damien Duhamel is the Managing Partner at Eurogroup Consulting and a senior advisor on market expansion, M&A strategy, sustainability, and business transformation across Saudi Arabia and the wider GCC. With more than 25 years of experience advising multinational companies, investors, and public-sector organizations, he helps clients assess opportunities, enter complex markets, and build strategies adapted to Saudi Arabia’s evolving transaction environment. 

His work combines market intelligence, investment strategy, commercial due diligence, sustainability advisory, operational improvement, and transformation support across fast-changing regional markets. Holding an MBA from Chicago Booth and a Master’s degree in Sustainability from Harvard University, Damien brings international perspective and regional understanding to help organizations turn M&A opportunities into practical growth and value creation strategies in Saudi Arabia. 

Key Areas of Expertise 

  • M&A Market Entry & Expansion Strategy 
  • Commercial Due Diligence & M&A Support 
  • Market Intelligence & Competitive Landscape Analysis 
  • Sustainability & Long-Term Value Creation 
  • Growth Strategy and Transformation 

Jack Fowler

M&A Analytics, Operational Performance & Digital Strategy Expert in Saudi Arabia

Jack Fowler is a Principal at Eurogroup Consulting with expertise in analytics, operational performance, technology-enabled transformation, and data-driven strategy. He supports organizations in using structured analysis, digital tools, and performance frameworks to improve decision-making and identify practical opportunities for growth and efficiency. 

For M&A clients in Saudi Arabia, Jack’s work supports market assessment, target screening, commercial due diligence, operational analysis, performance improvement, and digital transformation planning. His analytical approach helps corporates, investors, and private capital players understand market dynamics, assess opportunities, and build scalable strategies for value creation. 

Key Areas of Expertise 

  • M&A Market Analytics 
  • Commercial Due Diligence Support 
  • Operational Performance Improvement 
  • Digital Strategy & Data-Driven Decision-Making 
  • Performance Dashboards & KPI Frameworks 

Nabil Ramadan

M&A Integration, Sustainability & Operational Risk Expert in Saudi Arabia

Nabil Ramadan is a Director at Eurogroup Consulting with more than a decade of experience supporting transformation projects across Saudi Arabia and the GCC. His work covers infrastructure planning, sustainability, operational performance, risk management, and practical strategy development for organizations operating in complex and fast-evolving markets. 

For clients pursuing M&A in Saudi Arabia, Nabil supports initiatives related to integration readiness, operational resilience, sustainability assessment, risk review, and implementation planning. His experience helps organizations evaluate opportunities, reduce execution risk, and build post-deal roadmaps aligned with long-term value creation priorities. 

Key Areas of Expertise

  • Post-Merger Integration Planning 
  • Sustainability Strategy 
  • Operational Performance Improvement 
  • Risk Management & Compliance 
  • Feasibility Studies & Investment Assessment 

Dian Kuncoro

M&A Technology, Digital Due Diligence & Transformation Expert in Saudi Arabia

Dian Kuncoro is the Digital Lab Director at Eurogroup Consulting and a specialist in digital transformation, automation, and technology-enabled performance improvement. With more than 12 years of experience in digital innovation, he helps organizations use data, platforms, and digital tools to modernize operations and improve decision-making. 

For M&A clients in Saudi Arabia, Dian supports digital due diligence, technology roadmaps, integration planning, data analytics, automation, performance dashboards, and digital transformation initiatives. His work helps clients assess technology readiness, identify digital value creation opportunities, and build more connected and scalable operating models after a transaction. 

Key Areas of Expertise 

  • Digital Due Diligence 
  • Technology Roadmaps 
  • Advanced Analytics & Performance Dashboards 
  • Post-Deal Digital Transformation 
  • Digital Operations Improvement 
Damien Duhamel

Damien Duhamel

M&A, Strategy & Market Expansion Expert in Saudi Arabia and the GCC

Who is Damien Duhamel?

Damien Duhamel is a Managing Partner at Eurogroup Consulting and a leading expert in M&A, market expansion and corporate strategy across Saudi Arabia and the GCC. With more than 25 years of consulting experience, Damien supports multinational corporations, regional champions, and private equity players in structuring and executing mergers, acquisitions, and strategic investments—closely aligned with the Kingdom’s transformation agenda.

Deeply engaged with Saudi Arabia’s evolving regulatory and economic landscape, Damien advises clients on end-to-end M&A processes, from target identification and due diligence to deal structuring, integration planning, and post-merger value creation. His deep sector expertise—spanning construction, building materials, industrial markets, and mobility—enables him to identify strategic acquisition targets, evaluate synergies, and optimize operational and financial performance.

With his dual focus on sustainability and execution, Damien helps clients navigate complex transactions while aligning with long-term national priorities. He brings global insight and regional knowledge to support successful deal-making in a fast-evolving GCC market.

Q: What is your methodology for market sizing and valuation in Saudi M&A deals?

A: We combine top-down sector and macroeconomic analysis (GDP trends, sector growth forecasts, Vision 2030 sector targets) with bottom-up financial modeling (company financials, comparable transactions, asset valuations, projected cash flow) using public data, industry reports, regulatory filings, and in-market interviews.

Q: How do you identify and evaluate potential acquisition targets or merger partners in Saudi Arabia?

A: We build longlists through company registries, industry networks, trade associations, and deal databases — then conduct rigorous screening via financial health assessments, track record reviews, business-model analysis, management interviews, and reference checks.

Q: What’s your approach to competitive benchmarking and target comparison in Saudi M&A?

A: We benchmark potential targets and peers across financial metrics (EBITDA, revenue growth, margins), business models, asset quality, market positioning, regulatory compliance, management quality, and strategic fit.

Q: How do you conduct stakeholder and corporate profiling in Saudi M&A?

A: We interview company management, founders, shareholders, key employees and, where applicable, regulators or major clients to assess governance, corporate culture, decision-making style, strategic priorities, and compatibility for integration.

Q: What is the typical duration of a Saudi M&A advisory or deal-sourcing project?

A: Depending on scope — target screening, due diligence, valuation, and structuring — projects commonly run 6–16 weeks. Larger or cross-sector deals may take longer.

Q: How large is the team assigned to a Saudi M&A project?

A: A senior partner leads the deal team, supported by financial analysts, sector experts, legal/regulatory specialists, and — where needed — local coordinators for stakeholder engagement, reference checks, and on-the-ground validation.

Q: Do you outsource any part of your M&A advisory work in Saudi Arabia?

A: Core analysis, valuation modeling, and deal structuring remain in-house. For specialized tasks — such as legal due diligence, tax advisory, regulatory compliance checks, or local market investigations — we collaborate with vetted law firms, accounting firms, and local advisors while overseeing all deliverables.

Q: Are interviews and stakeholder engagements conducted in Arabic or English?

A: Most engagements with local executives, founders, and regulators are in Arabic; final reports are translated and synthesized in English while preserving context and nuance.

Q: Can you provide a sample M&A report or case-study before engagement?

A: Yes — we share anonymized and sanitized sample reports to demonstrate our valuation methodology, diligence rigor, deal structuring, and post-merger integration recommendations.

Q: Do you sell ready-made M&A reports on Saudi companies or sectors?

A: No — all M&A research and advisory assignments are bespoke to the client’s strategic needs. Occasionally we publish whitepapers on transaction trends, valuation benchmarks, regulatory developments, or sector consolidation outlooks.

Q: Do you cover companies across all sectors and regions in Saudi Arabia?

A: Yes — we cover firms operating across sectors (industrial, energy, healthcare, logistics, consumer, tech, etc.) and geographies (Riyadh, Jeddah, Eastern Province, NEOM, regional centers), aligning with Vision 2030 sector priorities and growth areas.

Q: Have you worked with Saudi regulators, government bodies or state-owned enterprises (SOEs)?

A: Yes — including regulatory agencies, investment authorities, SOEs and government-related entities, for compliance advisory, regulatory approvals, state-owned stake evaluations, and structuring of privatization or public-private transactions.

Q: Do you collaborate with local law firms, accounting firms, or technical advisors when needed?

A: Yes — for legal due diligence, tax structuring, regulatory compliance, and sector-specific technical review, we partner with accredited Saudi firms while we lead the client relationship and deliverable oversight.

Q: Can you help us navigate Saudi regulatory, compliance, and legal frameworks relevant to M&A?

A: Yes — we map required regulatory approvals, sector-specific restrictions, foreign-ownership rules, licensing requirements, merger-control regimes, corporate governance expectations, and compliance risks.

Q: Do you conduct fieldwork such as site visits, management meetings, or stakeholder checks in Saudi Arabia?

A: Yes — including on-site visits to company premises or facilities (if relevant), in-person management interviews, reference checks with customers/suppliers, and stakeholder meetings as needed to validate operations and strategic fit.

Q: Do you offer success-based or performance-linked pricing for M&A assignments?

A: In select long-term or outcome-oriented mandates, we offer hybrid pricing — combining a fixed advisory fee with a success fee contingent on deal completion or value-creation milestones.

Q: Can you handle niche or complex M&A transactions (e.g. minority stake acquisition, carve-outs, cross-border deals, privatization, public-private partnerships) in Saudi Arabia?

A: Yes — our expertise covers minority acquisitions, carve-outs, joint ventures, cross-border M&A, privatization deals, infrastructure PPPs, and complex financial or regulatory structures.

Q: How do you ensure cultural sensitivity and effective stakeholder engagement in Saudi M&A context?

A: Our bilingual consultants and legal/regulatory experts adapt to Saudi corporate culture, business etiquette, language preferences, and stakeholder communication norms to ensure respectful and effective engagement.

Q: Will we receive interim updates during the engagement?

A: Yes — we provide weekly or bi-weekly progress reports including target screening status, due-diligence findings, risk assessments, valuation updates, and next-step recommendations.

Q: How do you protect client confidentiality and data security during M&A engagements?

A: We operate under strict NDAs, use encrypted data storage, role-based access controls, and strictly limit access to deal materials to the core project team.

Q: Can you help validate deal value, synergy potential, and integration feasibility for acquisitions or mergers in Saudi Arabia?

A: Yes — we run scenario analyses, synergy assessments, financial modeling, integration risk evaluations, regulatory impact studies, and post-merger value realisation planning, applying Saudi-specific market, legal, and cultural context.

Q: Which sectors in Saudi Arabia currently offer the most promising M&A or consolidation opportunities under Vision 2030?

A: Sectors with high potential include energy & renewables, healthcare, logistics & transport, mining & industrial metals, consumer goods & retail, digital economy/tech, infrastructure, and value-added manufacturing — all aligned with Vision 2030 diversification and privatization priorities.

Q: Can you support localization of deal materials, pitchbooks, and investor presentations for Saudi stakeholders?

A: Yes — we assist in tailoring pitchbooks, valuation decks, investor materials, transaction summaries, and communications to match Saudi business norms, language preferences, and stakeholder expectations.

Q: How do you access senior-level decision-makers, regulators, or investors in Saudi Arabia for potential M&A deals?

A: Through industry associations, investment councils, government-linked entities, regulatory networks, in-market advisers, and trusted referral networks to reach executives, regulators, investors, and SOE leadership.

Q: Do you provide post-deal support such as integration planning, regulatory compliance oversight, or change-management advisory?

A: Yes — we offer post-deal planning, regulatory compliance guidance, governance structuring, investor reporting frameworks, integration roadmaps, and change-management support to ensure deal success and value realisation.

/ Contact Us

Let’s discuss how we can support your M&A strategy in Saudi Arabia.

 

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