The climb reflects global and Middle East trends, with global M&A activity recording a strong rebound during H1 2021 as total deal values soared by 120%
The merger is still subject to regulatory approval and expected to conclude in Q1 2022
If SWVL goes public, it will be the 1st ever Egyptian tech company to list on the New York NASDAQ (or outside Egypt as a whole)
The MTO, submitted by Bank ABC, is for the former to purchase up to 300 million of BLOM Bank’s shares, valued at $427 million, equivalent to EGP 6.7 billion
This will be the 3rd time that FRA has agreed to extend the deadline, with the last request accepted in June
