What this page covers
Analytical model scoring GCC companies on M&A target probability. 8-factor framework: valuation discount, ownership dispersion, size, governance, insider signals, sector activity, asset richness, and performance.
SouqData covers 11 GCC + MENA exchanges (TDWL, DFM, ADX, QSE, BK, MSX, BHB, ASE, BIST, ISX, EGX). Coverage depth varies by exchange and data category — gaps are surfaced in the page's data displays rather than hidden. Underlying data refreshes daily via an automated pipeline; per-exchange ingestion runs on filing-driven cadences.
Takeover Probability Model
An analytical model scoring GCC companies on M&A target characteristics. Higher scores indicate more factors commonly associated with acquisition targets. This is a quantitative screening tool based on publicly available data — not a prediction or recommendation.
Companies Scored
1,973
Avg Score
20
Top Score
50
Most Vulnerable Sector
Industrials
avg 27
Top M&A Target Candidates
| # | Company | Exchange | Sector | Score | Grade | Key Factors |
|---|---|---|---|---|---|---|
| 1 |  4070 Tihama Advertising & Public Relations Co. | TDWL | Industrials | 50 | C | Ownership Dispersion 15/15Acquirable Size 15/15Weak Governance 10/10 |
| 2 |  2110 Saudi Cable Co. | TDWL | Industrials | 50 | C | Ownership Dispersion 15/15Acquirable Size 15/15Weak Governance 10/10 |
| 3 |  1301 United Wire Factories Co. | TDWL | Industrials | 47 | C | Acquirable Size 15/15Weak Governance 10/10Sector M&A Activity 10/10 |
| 4 |  2060 National Industrialization Co. | TDWL | Industrials | 47 | C | Ownership Dispersion 15/15Weak Governance 10/10Sector M&A Activity 10/10 |
| 5 |  1304 Al Yamamah Steel Industries Co. | TDWL | Industrials | 47 | C | Acquirable Size 15/15Weak Governance 10/10Sector M&A Activity 10/10 |
| 6 |  4141 Al-Omran Industrial & Trading Co. | TDWL | Industrials | 47 | C | Acquirable Size 15/15Weak Governance 10/10Sector M&A Activity 10/10 |
| 7 |  9581 Clean life company | TDWL | Industrials | 47 | C | Acquirable Size 15/15Weak Governance 10/10Sector M&A Activity 10/10 |
| 8 |  4146 Gas Arabian Services Co | TDWL | Industrials | 47 | C | Acquirable Size 15/15Weak Governance 10/10Sector M&A Activity 10/10 |
| 9 |  4040 Saudi Public Transport Co. | TDWL | Industrials | 47 | C | Acquirable Size 15/15Weak Governance 10/10Sector M&A Activity 10/10 |
| 10 |  9625 Itmam Consultancy Co. | TDWL | Industrials | 47 | C | Acquirable Size 15/15Weak Governance 10/10Sector M&A Activity 10/10 |
| 11 |  2360 Saudi Vitrified Clay Pipes Co. | TDWL | Industrials | 47 | C | Ownership Dispersion 15/15Acquirable Size 15/15Sector M&A Activity 10/10 |
| 12 |  9608 Al Ashghal Almoysra Company | TDWL | Industrials | 47 | C | Acquirable Size 15/15Weak Governance 10/10Sector M&A Activity 10/10 |
| 13 |  9588 Riyadh Steel Company | TDWL | Industrials | 47 | C | Acquirable Size 15/15Weak Governance 10/10Sector M&A Activity 10/10 |
| 14 |  2370 Middle East Specialized Cables Co. | TDWL | Industrials | 47 | C | Ownership Dispersion 15/15Acquirable Size 15/15Sector M&A Activity 10/10 |
| 15 |  4110 Batic Investments and Logistics Co. | TDWL | Industrials | 44 | C | Acquirable Size 15/15Sector M&A Activity 10/10Ownership Dispersion 12/15 |
| 16 |  2320 Al-Babtain Power & Telecommunication Co. | TDWL | Industrials | 44 | C | Ownership Dispersion 15/15Sector M&A Activity 10/10Acquirable Size 12/15 |
| 17 |  2190 Sustained Infrastructure Holding Company | TDWL | Industrials | 44 | C | Acquirable Size 15/15Sector M&A Activity 10/10Ownership Dispersion 12/15 |
| 18 |  1831 Maharah Human Resources Co. | TDWL | Industrials | 44 | C | Acquirable Size 15/15Sector M&A Activity 10/10Ownership Dispersion 12/15 |
| 19 |  4148 Alwasail Industrial Company | TDWL | Industrials | 44 | C | Acquirable Size 15/15Sector M&A Activity 10/10Ownership Dispersion 12/15 |
| 20 |  2120 Saudi Advanced Industries Co. | TDWL | Financials | 43 | C | Ownership Dispersion 15/15Acquirable Size 15/15Weak Governance 10/10 |
| 21 |  1835 Tamkeen Human Resources Company | TDWL | Industrials | 43 | C | Acquirable Size 15/15Weak Governance 10/10Sector M&A Activity 10/10 |
| 22 |  4014 Scientific and Medical Equipment House | TDWL | Consumer Discretionary | 43 | C | Ownership Dispersion 15/15Acquirable Size 15/15Weak Governance 10/10 |
| 23 |  2001 Methanol Chemicals Co. | TDWL | Materials | 43 | C | Ownership Dispersion 15/15Acquirable Size 15/15Weak Governance 10/10 |
| 24 |  4012 Thob Al-Aseel Co. | TDWL | Consumer Staples | 43 | C | Ownership Dispersion 15/15Acquirable Size 15/15Weak Governance 10/10 |
| 25 |  4061 Anaam International Holding Group | TDWL | Consumer Staples | 43 | C | Ownership Dispersion 15/15Acquirable Size 15/15Weak Governance 10/10 |
| 26 |  9545 International Human Resources Company | TDWL | Industrials | 43 | C | Acquirable Size 15/15Weak Governance 10/10Sector M&A Activity 10/10 |
| 27 |  9580 Al Rashid Industrial Co | TDWL | Industrials | 43 | C | Acquirable Size 15/15Weak Governance 10/10Sector M&A Activity 10/10 |
| 28 |  2240 Advanced Building Industries Co. | TDWL | Industrials | 43 | C | Acquirable Size 15/15Weak Governance 10/10Sector M&A Activity 10/10 |
| 29 |  1833 Almawarid Manpower Company | TDWL | Industrials | 43 | C | Acquirable Size 15/15Weak Governance 10/10Sector M&A Activity 10/10 |
| 30 |  3091 Al Jouf Cement Co. | TDWL | Materials | 43 | C | Ownership Dispersion 15/15Acquirable Size 15/15Weak Governance 10/10 |
By Exchange
TDWL
33
avg (385 cos)
QSE
28
avg (55 cos)
BK
24
avg (136 cos)
DFM
21
avg (70 cos)
ASE
20
avg (205 cos)
ADX
17
avg (98 cos)
EGX
16
avg (252 cos)
BIST
16
avg (568 cos)
BHB
10
avg (17 cos)
MSX
9
avg (85 cos)
ISX
7
avg (102 cos)
By Sector
Industrials
27
271 cos
Banks
25
1 cos
Non-Energy Minerals
24
2 cos
Health Care
22
59 cos
Unknown
22
153 cos
Consumer Discretionary
21
173 cos
Consumer Staples
21
183 cos
Materials
20
300 cos
Information Technology
20
73 cos
Methodology
8-Factor Model (0-100):
- Valuation Discount (15): Low P/B vs sector median. Below book value = highest score.
- Ownership Dispersion (15): Dispersed ownership (low top-holder %) makes acquisition easier.
- Acquirable Size (15): Small/mid cap companies more likely targets. Below $500M = high.
- Weak Governance (10): Low governance scores indicate vulnerable boards.
- Insider Selling (10): Net insider selling may signal insider pessimism.
- Sector M&A Activity (10): Banking, telecom, real estate see more GCC M&A.
- Asset-Rich Balance Sheet (15): High asset-to-market-cap ratio = attractive asset base.
- Underperformance (10): Trading below book value indicates market undervaluation.
This is an analytical screening model, not investment advice. High scores indicate characteristics commonly associated with acquisition targets based on academic research. Our model suggests probabilities — it does not predict outcomes. Many high-scoring companies may never receive acquisition offers. Always conduct independent due diligence.
This analysis is based on available data and disclosed methodology. Our models estimate outcomes using specific inputs and assumptions — the methodology is described on this page. Observations may not account for all relevant factors. This content is provided for educational and informational purposes only.
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