On July 21, 2023, Delivery Hero bought the remaining 37% of HungerStation shares, making them the sole owner of the company. Delivery Hero had indirectly acquired shares of the Saudi company earlier in 2016, when it acquired FoodPanda.
The Middle East & North Africa’s M&A Landscape 2017-2022
A five year review of the 2,911 M&A transactions executed across MENA region, amounting to over $276 billion in transaction value across the top 5 markets: Israel, United Arab Emirates, Egypt, Kingdom of Saudi Arabia, and Kuwait.
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