SPAC Winter Spreads to Middle East With Two Deals Delayed

UAE market

Concerns over the blank-check industry are spreading to the Middle East, dealing a blow to the region’s SPAC market that barely got off the ground, Bloomberg reports. Investcorp and Gulf Capital are planning listings in the UAE.

Both of these SPAC-connected deals backed by regional sponsors are being delayed due to the market conditions, according to people familiar with the matter. Read more.

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