Mergers and acquisitions deals in the Middle East and North Africa region grew 4 percent in 2023 to $86 billion.
A report by Ernst & Young showed that the GCC accounted for the majority of those deals, with 565 transactions, worth $83.2 billion.
According to the report, the UAE recorded the largest merger and acquisition deal in the region, with US asset management firm Apollo Global" Management and Abu Dhabi Investment Authority announcing the acquisition of UAE-based “Unifar Solutions” for $8.2 billion.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
