GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
  • MENA Investment banking fees US$504.8 million in first half of 2019 
  • MENA equity and equity-related issuance reached US$1.1 billion while debt issuance totalled US$53.1 billion in first half of 2019
 
July 15, 2019:   Refinitiv today released the 2019 Q2 investment banking analysis for the Middle East.
 
According to the report, Middle Eastern & North African investment banking fees totalled an estimated US$504.8 Million so far during 2019, 12.7% less than the value of fees recorded during the first half of 2018. Debt capital markets underwriting fees totalled US$147.6 million, up 1.7% year-on-year the second highest fee volume for the region since our records began in 2000.
 
Equity capital markets fees decreased 64.8% to US$24 million, a 10-year low. Fees generated from completed M&A transactions totalled US$207.4 million, a 232% increase from last year to the second highest level on record. Syndicated loan fees reached US$125.8 million, down 58.4% from YTD 2018. Debt capital markets fees accounted for 29.2% of the overall Middle Eastern & North African investment banking fee pool, the second highest market share since YTD 2001.
Syndicated lending fees accounted for 24.9% while the share of completed M&A advisory fees raised to the highest YTD level on record, accounting for 41.1% of the market. Equity capital markets underwriting fees accounted for 4.8%, a 10-year low. HSBC earned the most investment banking fees in the Middle East & North Africa so far during 2019, a total of US$65.8 million for a 13% share of the total fee pool.
 
As to Mergers and Acquisitions (M&A), driven by state-owned ARAMCO's US$69.1 billion acquisition of SABIC, the value of announced M&A transactions with any Middle Eastern & North African involvement at an all-time high reaching US$112 billion in the first half of 2019, 231% more than the value recorded during YTD 2018. Additionally, both Middle Eastern and North African target and Inter-MENA/Domestic transactions currently stand at all-time highs rising to US$101.2 billion and US$86.1 billion, up 375% and 699% from YTD 2018, respectively.
 
While MENA inbound M&A also stands at a YTD all-time high of US$15.1 billion, outbound M&A decreased from US$6.5 billion in YTD 2018 to US$4.6 billion so far during 2019, the lowest volume since YTD 2004. Energy & Power deals currently account for 80% of Middle Eastern and North African involvement M&A by value, followed by the financial sector with a 13.7% market share but counting with 44 transactions, 18 more than the 26 recorded in the Energy & Power industry.
 
As to Equity Capital Markets, Middle Eastern and North African equity and equity-related issuance totalled US$1.1 billion so far during 2019, a 73% decrease year-on-year to the lowest level since YTD 2004. With US$923.2 million, IPOs represent 88% of the region's ECM issuance, up from 16% during YTD last year. Arabian Centres Co Ltd IPO raised US$658.6 million and stands out as the biggest deal so far this year.     
     
Despite showing a 12% decreased compared to YTD 2018, debt issuance in the Middle Eastern and North African region currently stands at the third highest level since our records began, reaching US$53.1 billion so far this year. Saudi Arabia was the most active nation in the region accounting for 40.5% of activity by value, followed by the Qatar with 29.6% while Governments and Agencies account for 48.3% of issuance so far this year.



Posted by : GoDubai Editorial Team
Viewed 4764 times
Posted on : Monday, July 15, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Pottery Barn Kids launches new Back-to-School' collection'
Next Story : Beyontec Partners with AJMS to Develop Comprehensive IFRS 17 Solution for MEA Region
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Get Festive Ready With Prestige Cosmetics Holiday Collection
Chlo's Iconic Carlina Sunglasses In a Precious New Interpretation
PACE to Space
Master Chronometer: Raising Standards
Holiday Hair-Styling Essentials from VIERRO
Luxe Beauty Gifts for your Loved Ones this Festive Season
Arabic version of Zoho Creator launched to help businesses create custom applications
Formula 1 meets Virgin Hyperloop One: California-based Developer to Showcase Pas...
Indulge in New flavours sprinkled With A Dash of Bollywood & Nostalgia at Hitchki
Life-changing Raffles Announced for 25th Edition of Dubai Shopping Festival
Union Coop Pays Tribute to the Martyrs on Commemoration Day'
'Tis the Season to Be Glamorous - Beauty Essentials from GlamBeaute.com!
Cisco Advances Solutions to Simplify Cybersecurity Processes in Saudi Arabia
Emirates Post issues commemorative stamps to celebrate the UAE 48th National Day
Homegrown Jewellery Brand Sumaya Bakkar Collections Curated Festive Gift List
Berkan Steakhouse Launches in Dubai
ENEC Releases 'Tasamoh' a Rehabilitated Green Turtle and organizes Beach Cleanu...
Robinsons celebrates UAE National Day with leading Emirati brands and a host of ...
Dunecrest American School Celebrates the UAE National Day
Zambian President affirms commitment to bolster UAE ties
Your Holiday Gift Guide for Her
China Homelife the Largest China Sourcing Platform Set to Showcase a Wide Variet...
Spice Up with Shades of Brown from 2XL Furniture & Home Dcor
Italy breaks ground for its Pavilion at Expo 2020 Dubai
LG Electronics Announces Leadership and Operational Changes Ahead of 2020
Dubai Cares' Volunteers bring hope to children in remote village in Senegal
Celebrate the 48th UAE National Day at Dalma Mall'
Pupils at Dubai Heights Academy mark 48th National Day with two days of traditio...
Arabian Automobiles INFINITI presents the apex in road safety with the QX50'
GROHE Goes ZERO Carbon-Neutral Production by 2020
du & National Archives offer nostalgic journey into UAE's past on 48th National Day
Dubai Festival City Mall Visitors In for A Jolly Festive Season Like No Other in...
Customs World inks MoU with Indonesia to roll out World Logistics Passport
Emotional and highly dynamic: the design of the MINI John Cooper Works GP.
The Middle East Organic Market's Premiere Business Event Opens In Dubai
Statement Cardigans
GROHE received the Red Dot: Brand of the Year
New year, New You with Lunette
Cole Haan Makes Its Debut at Sole Dxb 2019 Showcasing Footwear Collaborations
Sumo Sushi & Bento Celebrates UAE National Day With an Exclusive Bento Offer for...
Ministry of Economy launches new development plan as part of the National Progra...
Best Menswear Items
Uncovering the Beauty of Mechanics'
Annual DIAC Conference examines impact of UAE Arbitration Law
Set Up Stylish Outdoor Spaces with 2XL Furniture & Home Dcor
Air Cargo Peak Season off to Slow Start, Annual Demand down 3.5% in October
Emiratis and expats set off to a two-week Camel Trek across the UAE desert
Lewis Hamilton Tops Off Sixth World Title With Victory at Formula 1 Etihad Airwa...
ENEC welcomes visit by senior Emiratis to headquarters in Abu Dhabi