{"id":14598,"date":"2019-07-15T13:33:28","date_gmt":"2019-07-15T09:33:28","guid":{"rendered":"https:\/\/www.middleeastevents.com\/blog\/?p=14598"},"modified":"2019-07-15T13:33:28","modified_gmt":"2019-07-15T09:33:28","slug":"mena-ma-transactions-us112-billion-in-first-half-of-2019","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/mena-ma-transactions-us112-billion-in-first-half-of-2019\/","title":{"rendered":"MENA M&A Transactions US$112 Billion In First Half Of 2019"},"content":{"rendered":"

Refinitiv today released the 2019 Q2 investment banking analysis for the Middle East.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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\u00a0raised US$658.6 million and stands out as the biggest deal so far this year.<\/p>\n

Despite showing a 12% decreased compared to YTD 2018, debt issuance in the\u00a0Middle 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.<\/p>\n

For a full copy of the report, please click\u00a0MENA IB Review Q219.pdf<\/a><\/p>\n

\"\" \"\" \"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":14603,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/14598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=14598"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/14598\/revisions"}],"predecessor-version":[{"id":14604,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/14598\/revisions\/14604"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/14603"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=14598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=14598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=14598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}