MENA’s M&A deals back to pre-pandemic levels - BCG

Merger and acquisition (M&A) deals in the Middle East and North Africa (MENA) have returned to pre-pandemic levels, with green activity reaching a peak in 2021, making up 10.3% of transactions. Consultants BCG said total deals reached a value of $23.8 billion in the first nine months of 2022, across 283 deals, and up 16% from the previous year. In its new report, BCG said green deals have quadrupled since 2001 and that environmental considerations will motivate an increasing number, despite unfavorable macroeconomic conditions. BCG said green M&A has been growing particularly quickly in industries that are at the forefront of the energy transition and in emerging markets, with the Middle East showing the highest level of green activity globally. Over the past decade, the energy and utilities industry saw the highest share of green M&A and the largest increase, showing a 98% increase in deals from 2020-2021, the report said. In the region, green M&A increased from 5% of the total number of transactions in 2020 to 10.3% in 2021, suggesting that more dealmakers are recognising the value-creating potential of the transactions, BCG said. “Green deals are very hot in the region. Soaring sustainability transactions in the Middle East are a clear outcome of established national transformation programs seeking out diverse economic outputs for countries on their path to net zero,” said Ihab Khalil, Managing Director and Senior Partner at BCG. “As the region continues grounding itself as a hub where collaboration and diversification can bear fruit, so will green mergers and acquisitions.” (Reporting by Imogen Lillywhite; editing by Cleofe Maceda) imogen.lillywhite@lseg.com

MENA’s M&A deals back to pre-pandemic levels - BCG

DISCOVER MORE

UAE President, Romanian President review bilateral relations, regional issues

UAE President receives President of Romania

Ghana finance minister to travel to China for debt talks - source

Naira remains in short supply as banks ration currency, contend with queues: Nigeria

Nigeria’s forex reserves down by $578.347mln in two weeks amid rising dollar demand

ADGM’s performance in 2022 positions Abu Dhabi as fastest growing IFC in the region

Egypt to raise income tax exemption limit

Small enterprises contribute 43% to GDP, account for over 75% of employment: MSMEDA

Can GCC banks manage contagion risk from Silicon Valley Bank collapse?

Saudi National Bank says no impact on growth plans from Credit Suisse

SNB offers $100bln to help UBS Group take over Credit Suisse

Oman reveals list of 103 countries whose citizens can visit visa free

Saudi PIF-owned SRC buys home loans worth $1.33bln from Al Rajhi Bank

Gulf exceptionalism creates M&A opportunities in the Middle East region despite global headwinds

M&A deal volume in MENA up 13% in 2022 on higher investor confidence

Middle East M&A activity surges as wealth funds use deals to build local champions

CBO approves merger of HSBC Bank Oman with Sohar International Bank

$1.6bln investment banking fees generated in MENA; M&A value plunges 31%

LATEST VIDEO

VIDEO: Saudi crown prince launches new national airline

ZAWYA COVERAGE

ACWA Power CEO Paddy Padmanathan retires after 18 years of service

Dubai’s DEWA, JPMorgan tackle ways to cooperate in green, sustainable financing

Saudi ACWA Power signs deals to invest $2.5bln in green projects in Uzbekistan

Healthcare expenditure in GCC to reach $135.5bln in 2027

Amazon to cut 9,000 jobs in second round of layoffs

India's strong corporate debt profile key to macroeconomic stability

Somalia's drought killed 43,000 last year, half under five

Mideast Stocks: Most Gulf bourses end lower as oil prices drop; Egypt rises

UAE President, Romanian President review bilateral relations, regional issues

THE BRI REPORT

China is reshaping the Belt and Road Initiative ahead of a post-pandemic era

DISCOVER MORE

LATEST VIDEO

ZAWYA NEWSLETTERS

ZAWYA COVERAGE