MENA's private capital market recorded 52 deals worth US$ 2.1B in August 2026, a month shaped by a handful of large transactions concentrated in a single sector. Five mega deals accounted for US$ 1.3B, or roughly 62% of the month's capital, led by SAL's US$ 667M private credit facility in Saudi Arabia.

The month's concentration extended beyond deal size: a single sector, Mobility & Logistics, drove the largest share of value despite accounting for only a small fraction of deals.

Mobility & Logistics and Business Services led a concentrated month

Sector-wise, Mobility & Logistics led August's deal value while Business Services led on deal count.

·         Mobility & Logistics: US$ 0.7B in deal value, 32% of the month's total, from just 8% of transactions

·         Business Services: 24% of deal value and 34% of deal count (18 of the month's 52 deals)

·         BFSI: 21% of deal value from 15% of transactions

·         Combined: Mobility & Logistics, Business Services, and BFSI together accounted for 77% of August's deal value

Exhibit 1: Mobility & Logistics accounted for 32% of August's deal value from just 8% of transactions, while Business Services led on deal count with 18 (34%) of the month's 52 deals.

Beyond sector mix, August's deal value was concentrated in a small number of large transactions.

·         SAL (Saudi Arabia): US$ 667M, Private credit, Saudi Awwal Bank (SAB), Mobility & Logistics

·         Moove (UAE): US$ 250M, Growth, Mubadala Investment Company / Woven Capital / Ion Pacific / BlueCrest Capital Management / Sona Capital / The Raptor Group, BFSI

·         Palm Hills (Egypt): US$ 157M, Private credit, Banque Misr / NBE, Infrastructure & Real Estate

·         Zenity (Israel): US$ 125M, Growth, Norwest / Qumra Capital / SoftBank Vision Fund 2 and others, Business Services

·         Hytech (Egypt): US$ 110M, Buyout, Advanta (UPL), Food and Agriculture

These five deals together accounted for US$ 1.3B of the month's total investment.

Exhibit 2: Five deals, led by SAL (US$ 667M) and Moove (US$ 250M), accounted for US$ 1.3B of August's disclosed private capital investment.

Rebound in deal size, concentrated in Israel

Private capital deployment for the year to date stands at US$ 12.5B across 187 deals, a marked rebound in average deal size after a slower 2025, though still below the highs of 2021 and 2023. Average deal size for YTD 2026 is US$ 66.6M, up 38% from US$ 48.1M in full-year 2025

Exhibit 3: Average deal size for YTD 2026 rebounded to US$ 66.6M, up 38% from US$ 48.1M in full-year 2025.

Geography shifted just as sharply, with Israel reclaiming an outsized share of deal value even as its share of deal count declined.

·         Israel (value): 68% of YTD 2026 deal value, the highest share in the 2022-YTD 2026 period, up from 46% in 2025

·         Israel (volume): 40% of YTD 2026 deal count, down from 57% in 2025

Exhibit 4: Israel's share of MENA deal value rebounded to 68% in YTD 2026, the highest in the 2022-YTD 2026 period, even as its share of deal count fell to 40%.

The stage mix shows a similarly sharp swing toward late-stage capital.

·         Late-stage deals: 51% of YTD 2026 deal value (US$ 6.4B), the largest share of any stage and a sharp rise from prior years

·         By volume: early-stage deals made up 79% of all transactions, a record high

Exhibit 5: Late-stage deals delivered 51% of YTD 2026 deal value (US$ 6.4B), the largest share of any stage, while early-stage deals made up a record 79% of deal volume.

Year-on-Year data confirms the shift

A direct comparison of the first eight months of 2025 and 2026 reinforces this pattern.

·         Deal value: up from US$ 8.4B (Jan-Aug 2025) to US$ 12.5B (Jan-Aug 2026), an increase of roughly 48%

·         Deal count: up from 160 to 187 over the same period, an increase of roughly 17%

·         Stage mix: late-stage's share of deal value rose from 2% to 51%, while early-stage's share of value fell from 42% to 21%

Exhibit 6: Deal value rose from US$ 8.4B to US$ 12.5B between Jan-Aug 2025 and the same period in 2026, while late-stage's share of value rose from 2% to 51%.

Taken together, August's Mobility & Logistics-driven month is consistent with a broader shift underway in MENA's private capital market this year: capital concentrating in fewer, larger, increasingly late-stage transactions, with Israel reclaiming an outsized share of deal value even as its share of deal count recedes. For investors, the implication is that competition for scale deals in Israel is intensifying even as early-stage activity continues to anchor deal count across the region.