A total of 47 Mergers & Acquisitions (M&A) deals (pending and completed) were announced in the Financial Services of the Middle East and Africa region, in the last twelve months resulting in a total deal value of over $7,583.9 million. In the LTM period, May 2022 turned out to be the most prolific in terms of deal size, with a total deal value of $2,030.9 million, resulting in an average deal value of $507.7 million during that month. On the other hand, the month of December 2021 was the most prolific in terms of deal volume, recording a total of 7 deals, resulting in an average deal value of $67.7 million during that month.
Of the 47 deals, the deal secured between The Saudi Public Investment Fund and Kingdom Holding Co, was the largest M&A deal in the Middle East and Africa Financial Services sector, which was valued at $1,500.0 million and was completed on May 22, 2022. The second-largest deal was between Clal Insurance Enterprises Holdings Ltd and Leumi Card Ltd., while the third-largest deal was between First Abu Dhabi Bank and EFG Hermes Holding SAE. The Clal Insurance Enterprises Holdings Ltd-Leumi Card Ltd. deal and the First Abu Dhabi Bank-EFG Hermes Holding SAE deal were valued at $765.0 million and $612.0 million, respectively. The fourth-largest deal was between Standard Bank Group Ltd-Liberty Holdings Ltd valued at $594.3 million, whereas the deal between Digital 9 Infrastructure Plc-Arqiva Ltd valued at $453.7 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $3,925.0 million and accounted for nearly 51.75% of the total deals (by value) announced during the last twelve months. The Middle East and Africa region accounted for 1.57% of the total M&A deals done globally, and accounted for 0.10% of the total deal size on a global scale.
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