{"id":16754,"date":"2019-10-10T11:39:39","date_gmt":"2019-10-10T07:39:39","guid":{"rendered":"https:\/\/www.middleeastevents.com\/blog\/?p=16754"},"modified":"2019-10-10T11:39:39","modified_gmt":"2019-10-10T07:39:39","slug":"mena-ma-transactions-us120-6-billion-in-the-first-nine-months-of-2019","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/mena-ma-transactions-us120-6-billion-in-the-first-nine-months-of-2019\/","title":{"rendered":"MENA M&A Transactions US$120.6 Billion In The First Nine Months Of 2019"},"content":{"rendered":"

Refinitiv today released the 2019 third quarter investment banking analysis for the Middle East. According to the report, Middle Eastern and North African investment banking fees totalled an estimated US$651.4 million so far during 2019, 15.2% more than the value of fees recorded during the first nine months of 2018 and a 3-year high.<\/p>\n

Debt capital markets underwriting fees totalled US$148.7 million, up 1.2% year-on-year to the second highest level on record. Equity capital markets fees decreased 56.6% to US$24.1 million; a 10-year low. Fees generated from completed M&A transactions totalled US$210.3 million, a 218% increase from last year to an 11-year high. Syndicated loan fees reached US$268.4million, down 9.6% from YTD 2018.<\/p>\n

Debt capital markets fees accounted for 23% of the overall MENA investment banking fee pool while Syndicated lending fees accounted for 41%. The share of completed M&A advisory fees up from12% to 32%, to reach a 4-year high. Equity capital markets underwriting fees accounted for 4%, down to a 10-year low. HSBC earned the most investment banking fees in the Middle East and North Africa so far during 2019, a total of US$70.3 million for a 10.8% share of the total fee pool, followed by JP Morgan and Standard Chartered in second and third place, respectively.<\/p>\n

The value of announced M&A transactions with any Middle Eastern and North African involvement currently stand at an all-time high, up 160% from YTD 2018 reaching US$120.6 Billion so far this year. Deals with a MENA target, inter-MENA or domestic and inbound deals all stand at all-time high volumes with US$104.7, US$88.2 and US$$16.4 up 289%, 584% and 18% from YTD last year, respectively. On the other hand, outbound volumes fell 29% from YTD last year to US$9.2 billion so far this year. Energy and Power deals currently account for 78% of MENA target M&A by value, followed by the Financial sector with a 14% market share. HSBC currently leads in the 9M any MENA involvement league table, followed by JP Morgan and Goldman Sachs in second and third place, respectively.<\/p>\n

MENA equity and equity-related issuance totalled US$1.7 billion so far during 2019, a 57% decrease year-on-year to the lowest level since YTD 2004. With US$1 billion, IPOs represent 61% of the region’s ECM issuance, up from 25.1% during YTD last year. Morocco stands out as the top issuing nation with US$1 billion raised in ECM issuance, followed by Saudi Arabia and Kuwait. At a sector level, Real Estate account for 39% of the region’s issuance with Financials coming in second place. Arabian Centres Co US$660 million raised through an IPO, stands out as the biggest deal in the regionsofar this year.<\/p>\n

Up 5% compared to the first nine months of 2018, MENA debt issuance currently stands at a US$77.5 billion. Sovereign issuanceup8.2% from YTD last year currently standing at the second highest level on record. Saudi Arabia leads MENA issuance by country with US$26.6 billion raised in proceeds so far this year, followed by the UAE and Qatar. Raising US$12 billion each, Qatar sovereign bond and Saudi Arabian Oil Co corporate issues stand out as the two biggest deals so far this year.<\/p>\n

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Refinitiv today released the 2019 third quarter investment banking analysis for the Middle East. According to the report, Middle Eastern and North African investment banking fees totalled an estimated US$651.4 million so far during 2019, 15.2% more than the value of fees recorded during the first nine months of 2018 and a 3-year high. Debt […]<\/p>\n","protected":false},"author":1,"featured_media":16755,"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-16754","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\/16754","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=16754"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/16754\/revisions"}],"predecessor-version":[{"id":16760,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/16754\/revisions\/16760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/16755"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=16754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=16754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=16754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}