The document discusses challenges and opportunities for cross-border mergers and acquisitions (M&A), noting that while megadeals have declined, opportunities remain in the mid-market. It identifies four key areas for cross-border M&A success: culture, leadership, local economies, and managing long distances and time horizons. The rest of the document provides examples of industries and deals for cross-border M&A and information about a financial services group active in M&A advisory in Saudi Arabia and the GCC region.