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 4843 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
Your Holiday Gift Guide for Her
New year, New You with Lunette
Uncovering the Beauty of Mechanics'
Weather-proof your hair with HASK
Free gold coins at Malabar Gold & Diamonds Festival.
The Real Secret to 10 Years Younger: Argan Face Oil
Eberhard & Co. and the new “Quadrifoglio Verde” chronograph, dedicated to the p...
OMEGA Celebrates The New James Bond Watch in New York
Mouawad and the Miss Universe Organization Unveil the Miss Universe Power of Uni...
Retrograde Fusion'
Love Your Skin Better with Sukin® Skincare
Foreo Cements Its Position as One of the 10 Most Popular Beauty Brands on the Planet
Cole Haan Makes Its Debut at Sole Dxb 2019 Showcasing Footwear Collaborations
Pure Gold Jewellers opens new store in Nakheel Mall
NYU Abu Dhabi Class of 2017 graduate Alioune Fall named as 2021 Schwarzman Scholar
Shine On with Flormar's Festive Coffrets
DP World joins forces with Dubai Cares in giving a new facelift to Umm Al Qura S...
Reuben Kipyego and Vivian Kiplagat Win 2019 Adnoc Abu Dhabi Marathon
Hyundai's all-new 2020 Sonata now available in the UAE
Team Abu Dhabi's F2 world champion rounds off brilliant campaign with historic w...
Al Qemzi Claims Abu Dhabi Grand Prix Pole With Brilliant Surge
Liu Jo Eyewear Introduces a Trend-forward, New Sunglass Style With an Ultraligh...
Truesteam™ Technology by Lg is Setting A New Standard for Hygiene
Botb - Short Film Fest is Back on Popular Demand
Set Up Stylish Outdoor Spaces with 2XL Furniture & Home Décor
Information City concludes "Al Saada" initiative
World Muslim Communities Council hosts first International Youth Forum in Abu Dhabi
EASA extends Part 145 certification of SriLankan Engineering
Aquadate Chrono Eberhard & Co. presents the chronograph version of its classic t...
Pre-school launches initiative encouraging children to stay hydrated
Dubai Chamber-led advisory council outlines plans to boost economic competitiveness
'Herman Miller and DIDI announce the winners of the ‘Ergo Chair - Student Design...
The Chronographs Have Arrived!
It's time to cover up - Knee high boots from Steve Madden
Dubai Health Authority signs MoU with Apollo Hospitals Group India
Two New Looks for the Legendary Diver
Etisalat Misr tests 5G on commercial network with Ericsson
New Jaguar Lifestyle Collection Inspired by Classic Mark 2 Saloon
Dubai International Rhythmic Gymnastics Cup is a hit with 500 participants from ...
Dr Azad Moopen, Founder Chairman & MD, Aster DM Healthcare meets the Governor of...
Global Youth Forum in Abu Dhabi sets twelve recommendations for positive socio-e...
Boot Trends from ECCO
The Trench Coat and Mac Edit'
Arabian Automobiles INFINITI pledges the highest-quality certified pre-owned vehicles
MSC Cruises Signs Long-term Agreement With DP World for Preferential Berthing Ri...
Amana Healthcare First in UAE to Earn U.S. Accreditation as Stroke Specialty Center
Listen to the youth facing different challenges, calls HE Dr Ali Rashid Al Nuaimi
Etihad Becomes the First Airline to Raise Funds Tied to United Nations Sustainab...
Samsung Galaxy Note10+ Star Wars™ Special Edition is now available for pre-order...
Pottery Barn Kids Launches the Holiday Season Collection