UAE and Saudi Arabia Top MENA in $9.8 Billion M&A Deals

01 Aug, 2024

UAE and Saudi Arabia Top MENA in $9.8 Billion M&A Deals

The UAE and Saudi Arabia have set their positions as beat venture goals in the MENA locale, drawing in critical intrigued in mergers and acquisitions (M&A). Agreeing to the EY MENA M&A Bits of knowledge H1 2024 report, the two nations recorded 152 M&A bargains with a combined unveiled esteem of $9.8 billion in the to begin with half of 2024.

The UAE driven the locale with the biggest exchange, the $12.4 billion securing of Truist Protections Property by Clayton Dubilier & Rice, Stone Point Capital, and Mubadala Venture. Both the UAE and Saudi Arabia topped the list of MENA bidder nations in terms of bargain volume and esteem, reflecting their urgent parts in the region's M&A landscape.

MENA's generally M&A movement saw a slight increment, with 321 bargains totaling $49.2 billion, a 1% rise in bargain volume, and a 12% increment in bargain esteem compared to H1 2023. Imperial riches reserves (SWFs) such as the Abu Dhabi Speculation Specialist (ADIA), Mubadala, and Saudi Arabia’s Open Venture Support (PIF) were key drivers of this growth.

Cross-border M&A contributed 52% of the in general bargain volume and 87% of the esteem, stamping a 15% year-on-year development. Protections and genuine bequest were the most alluring segments, bookkeeping for 47% of the add up to bargain esteem.