In the Middle East and Africa financial services industry, there were 19 M&A deals announced in Q2 2024, worth a total value of $1.1bn, according to GlobalData’s Deals Database. The $804.8m majority acquisition of La Marocaine Vie and Société Générale Marocaine de Banques by Saham Group was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q2 2024 unveils the driving forces behind the M&A activities in the industry, providing crucial insights into trends and shifts. Buy the report here.
In value terms, M&A activity in Middle East and Africa increased by 135% in Q2 2024 compared with the previous quarter’s total of $467.9m and rose by 28% as compared to Q2 2023. Related deal volume decreased by 14% in Q2 2024 versus the previous quarter and was 5% lower than in Q2 2023.
The top-ranked financial advisors supporting these M&A deals in Middle East and Africa in H1 2024 were Rothschild & Co; FirstRand; Grant Thornton International with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Middle East and Africa in H1 2024 were AS&H Clifford Chance; Bowman Gilfillan; CMS Legal Services EEIG with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q2 2024 – Thematic Intelligence, buy the report here.
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