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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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
