The top ten deals account for over 90% of total value of transactions, accounting for US$ 100 billion.
The largest deal is the one between Saudi Arabian Oil Company and Saudi Basic Industries Corp (SABIC), valued at US$ 69 billion, followed by National Commercial Bank’s acquisition of Samba Financial Group, both Riyadh-based, valued at US$ 15 billion.
There were 6 other deals, whose deal value is above US$ 1 billion.
JP Morgan, HSBC Saudi Arabia and Morgan Stanley were active in the top 10 deals.
It should be noted that the Saudi Aramco and SABIC M&A transaction is the 3rd largest transaction executed worldwide since the beginning of the decade (2020), behind BHP Group and Unilever acquisitions.
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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