{ "docId": "019dd923-5de0-76bd-a169-0b915eec6c76", "docSlug": "c480df0d8a06e01a", "documentTitle": "2024 TransAct Middle East", "authorId": "PwC", "authorName": "PwC", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.414, "pageNumber": 12, "pageCount": 24, "prevPage": 11, "nextPage": 13, "slideType": "regional_insights", "function": "establish_context", "density": "dense", "nDataPoints": 7, "notes": "The slide is text-heavy with no explicit title; it serves as a regional market update.", "elementsJson": [ "paragraph" ], "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019dd923-5de0-76bd-a169-0b915eec6c76/12", "deckHref": "/decks/019dd923-5de0-76bd-a169-0b915eec6c76", "deckJsonHref": "/decks/019dd923-5de0-76bd-a169-0b915eec6c76.json", "deckAnchorHref": "/decks/019dd923-5de0-76bd-a169-0b915eec6c76#slide-12", "components": [ { "bbox": null, "kind": "callout", "text": "Collectively, these developments underscore the strength of GCC financial support for Egypt and are expected to create more opportunities for deals.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-3be8-755a-95e6-e0747db22b17", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "metric", "text": "Deal value: $35bn", "attrs": null, "subkind": "primary", "toolName": "Quantification", "toolSlug": "quantification", "confidence": null, "componentId": "019dd952-3be8-755a-95e6-e613b9b624ce", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.866, "x": 0.067, "y": 0.51 }, "kind": "paragraph", "text": "In addition to the anticipated US$ 35bn inflow from Abu Dhabi ADQ’s imminent investment in Ras El-Hekma and other prime projects in Egypt, preliminary agreements between the International Monetary Fund (IMF) and Egyptian authorities, granting the country access to about US$ 820mn, is poised to significantly reduce near-term external financing risks. This is further supported by the move to a flexible exchange rate and monetary policy tightening initiatives. Collectively, these developments underscore the strength of GCC financial support for Egypt and are expected to create more opportunities for deals.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4d1d2897-4ad0-4e0d-af66-93930f4d553a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.18, "w": 0.866, "x": 0.067, "y": 0.09 }, "kind": "paragraph", "text": "In the UAE, deal activity was robust across various sectors, such as industrial manufacturing, technology, consumer markets and financial services. The financial services sector recorded the largest deal in the region during the half-year period: a US$2.196 billion in-kind dividend distribution to shareholders by Agility Global PLC, representing 49% of its issued share capital. The second largest deal also took place in the UAE, specifically within the healthcare industry. With real GDP projections of 3.9% in 2024 and even higher non-oil GDP projections on 5.4% within the same period, the UAE is well-positioned to continue to drive dealmaking in key sectors within the region.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6b044279-5150-4ee8-b4d6-bf11d130dfea", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.866, "x": 0.067, "y": 0.23 }, "kind": "paragraph", "text": "Saudi Arabia also saw a similar trend across various sectors, including industrial manufacturing, consumer markets, financial services and energy. A key transaction was Qassim Cement Company’s US$378 million acquisition of Hail Cement Company via a share-swap, reflecting the ongoing construction boom ahead of the 2030 Expo and the 2034 FIFA World Cup bid. The Kingdom’s prominence within the region’s capital markets remains strong, with 10 out of the 13 GCC IPOs in Q2-2024 occurring on the Tadawul Main Market and Nomu Parallel. This includes the largest IPO of the period which involved the raising of US$ 763mn by Dr. Soliman Abdel Kader Fakeeh Hospital Company. Additionally, the country accounted for over 61% of total GCC IPO proceeds in Q2-2024. As the country leads IPO activity, it is expected to play a key role in attracting foreign investment and driving further dealmaking in the region.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "90240206-ddf6-4690-b671-a06fb372f7cb", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.866, "x": 0.067, "y": 0.41 }, "kind": "paragraph", "text": "Meanwhile, efforts by GCC countries to support Egypt's economic recovery and foster further regional stability and growth continue to play out by way of extensive prospective foreign direct investments into the country, highlighting a potential for a further uptick in dealmaking in the country, particularly in the infrastructure and real estate, healthcare, tourism and financial services sectors.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a480d674-db77-44a0-8866-6cd8a455f62c", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 20, "from": 7, "beatId": "77bca5d6-a547-4cba-a656-6717c695ea33", "arcName": "The Sparkline", "arcSlug": "sparkline", "beatName": "What Could Be", "beatSlug": "sparkline-what-could-be-2", "evidence": "2024 mid-year M&A insights, country and sector highlights", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "loops": [ { "to": 20, "from": 7, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "c84c0419-4e1d-48c1-9e15-62d15f2dee5f", "evidence": "The document provides a logical chain of information, starting with economic trends and moving to sector insights and country highlights.", "position": 0, "objective": "What are the key trends and insights in the Middle East M&A market?", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)", "confidence": 0.7, "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }