In the Middle East and Africa tourism & leisure industry, there were 6 M&A deals announced in Q2 2023, worth a total value of $612.7m, according to GlobalData’s Deals Database. The $400m majority acquisition of Careem Networks FZ by Emirates Telecommunications Group Co was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Travel and Tourism Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity in Middle East and Africa increased by 1942% in Q2 2023 compared with the previous quarter’s total of $30m and rose by 1264% as compared to Q2 2022. Related deal volume increased by 200% in Q2 2023 versus the previous quarter and was 100% higher than in Q2 2022.
For further understanding of GlobalData's Travel and Tourism Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.