Egypt among top 3 active MENA countries for mergers, acquisitions - IDSC

CAIRO - 20 October 2022: Egypt, UAE and Saudi Arabia are included in a list of the most attractive countries for merger and acquisitions (M&A) deals and investments with more than 75 percent of shares of Middle East and North Africa (MENA) region, according to an infographic the cabinet’s Information and Decision Support Centre (IDSC) published on Thursday.

 

The data showcased in the infographic was based on a recent report released by Baker McKenzie in October.

 

M&A transactions in the Middle East accelerated in the first nine months of 2022 by 16 percent rise in investments of startups and 20 percent in value of deals financing in the region to $2.3 billion, it said.

 

It also revealed that the financial technology was the largest sector that attracted the lion’s share of the deals in 2022 that amount to 94 with a total value hitting $747 million with a 74 percent annual increase.