{"id":548516,"date":"2022-08-11T03:51:15","date_gmt":"2022-08-11T03:51:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/11\/the-first-half-of-the-year-was-good-for-ma-in-egypt\/"},"modified":"2022-08-11T03:51:15","modified_gmt":"2022-08-11T03:51:15","slug":"the-first-half-of-the-year-was-good-for-ma-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/11\/the-first-half-of-the-year-was-good-for-ma-in-egypt\/","title":{"rendered":"The first half of the year was good for M&A in Egypt"},"content":{"rendered":"

<\/a> Egypt has been a MENA M&A hotspot so far in 2022:<\/strong> Egypt recorded 65 M&A transactions worth USD 3.2 bn in the first six months of the year, making it the second-largest M&A destination in the region by value and dealcount, according to a report<\/a> from EY.<\/p>\n

2022 > 2021:<\/strong> This is more than triple the M&A activity seen in 1H 2021 and marks Egypt\u2019s emergence as a \u201cmajor investment destination,\u201d EY said. The surge was driven mainly by \u201cfavorable government initiatives, including granting a special license to foreign investors,\u201d it added.<\/p>\n

Egypt has ADQ to thank:<\/strong> Abu Dhabi wealth fund ADQ\u2019s USD 1.8 bn investment<\/a> in several publicly-traded companies in April accounted for more than half of the capital raised in M&A transactions during the period.<\/p>\n

Expect 2H to look a lot like 1H <\/strong>with the Saudi sovereign wealth fund\u2019s announcement yesterday kicking off a USD 10 bn investment spree.<\/p>\n

Across the region:<\/strong> The MENA region saw USD 42.6 bn worth of M&A transactions during the six-month period, EY said. Dealcount rose 12% y-o-y to 359, as surging oil prices offset the market volatility that caused a fall in dealmaking in other parts of the world.<\/p>\n

Number one in the region:<\/strong> The UAE accounted for a third of the region\u2019s M&A activity during 1H, recording 105 transactions worth USD 14.2 bn.<\/p>\n

Rounding out the top five:<\/strong> Saudi Arabia (USD 2.8 bn), Morocco (USD 1.8 bn) and Oman (USD 700 mn).<\/p>\n

The biggest sectors targeted in M&A transactions for the region<\/strong> in the first half of the year were transportation, consumer products, telecommunications, real estate and power and utilities.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt has been a MENA M&A hotspot so far in 2022: Egypt recorded 65 M&A transactions worth USD 3.2 bn in the first six months of the year, making it the second-largest M&A destination in the region by value and dealcount, according to a report from EY. 2022 > 2021: This is more than triple […]<\/p>\n","protected":false},"author":1,"featured_media":548517,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7363],"tags":[299,72,125,7128,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-adq","tag-enterpriseam","tag-investment-watch","tag-ma-watch","tag-uae","wpautop","entry"],"acf":{"mongo_id":"b8587bac-8861-4a01-9442-369c539ee53b","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/213.jpg","photo_position":"above","related_issue":[548510],"teaser":"","voice_url":""},"yoast_head":"\nThe first half of the year was good for M&A in Egypt - 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USD 1.4 bn) on acquiring retail and education assets in Egypt, the UAE and Saudi Arabia, CFO Greg Fewer said during a call following the company\u2019s latest earnings release yesterday,\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/138.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543661,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/13\/2021-was-big-for-ma-and-tech-education-and-healthcare-should-drive-activity-this-year\/","url_meta":{"origin":548516,"position":3},"title":"2021 was big for M&A \u2014 and tech, education and healthcare should drive activity this year","author":"enterpriseam admin","date":"13 February 2022","format":false,"excerpt":"M&A in Egypt continued to accelerate in 2H2021 as waning pandemic uncertainties and cheap international borrowing rates fuelled a rebound in transaction volumes following the covid shock in 2020, according to a report by Baker McKenzie (pdf) based on Refinitiv data.The outlook? More of the same, according to Mohamed Ghannam,\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/161.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563297,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/adq-still-wants-amoun-pharma\/","url_meta":{"origin":548516,"position":4},"title":"ADQ still wants Amoun Pharma","author":"enterpriseam admin","date":"27 June 2021","format":false,"excerpt":"ADQ moves forward with EGP 10 bn bid for Amoun Pharma: A subsidiary of Abu Dhabi\u2019s sovereign wealth fund ADQ is seeking Financial Regulatory Authority approval to launch a mandatory tender offer for up to 100% of Bausch Health\u2019s unit in Egypt, Amoun Pharma, in what could potentially be an\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/327.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545715,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/10\/adq-could-buy-up-national-investment-banks-entire-stake-in-abu-qir\/","url_meta":{"origin":548516,"position":5},"title":"ADQ could buy up National Investment Bank\u2019s entire stake in Abu Qir","author":"enterpriseam admin","date":"10 April 2022","format":false,"excerpt":"Abu Dhabi wealth fund ADQ is on course to acquire the National Investment Bank\u2019s (NIB) entire 21.5% stake in Abu Qir Fertilizers as part of its USD 2 bn investment in Egypt, sources told Bloomberg Asharq, without disclosing the value of the sale. A senior exec at NIB would neither\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=548516"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548516\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/548510"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/548517"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=548516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=548516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=548516"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=548516"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=548516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}