In the Middle East and Africa life insurance industry, there were 3 M&A deals announced in Q2 2023, worth a total value of $1.9m, according to GlobalData’s Deals Database. The $1.9m minority acquisition of el amana takaful insurance by al baraka bank tunisia and al baraka sicar was the industry’s largest disclosed deal. GlobalData’s Insurance Industry Mergers and Acquisitions Deals report offers insights into the global M&A activities within the insurance sector in 2022, along with an understanding of the key themes driving notable deals. Buy the report here.

In value terms, M&A activity in Middle East and Africa decreased by 92% in Q2 2023 compared with the previous quarter’s total of $23.4m. Related deal volume decreased by 25% in Q2 2023 versus the previous quarter and was 25% lower than in Q2 2022.

For further understanding of GlobalData's Insurance Industry Mergers and Acquisitions Deals by Top Themes in 2022 – Thematic Intelligence, buy the report here.

This content was updated on 18 July 2023

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