mideast mas reach 374bn during first 9 months
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Mideast M&As reach $37.4bn during first 9 months

Arab Today, arab today

Arab Today, arab today Mideast M&As reach $37.4bn during first 9 months

Nadim Najjar
Dubai - Arab Today

Thomson Reuters, the world's major source of intelligent information for businesses and professionals, Monday released the quarterly investment banking analysis for the Middle East region.
According to estimates from Thomson Reuters/Freeman Consulting, Middle Eastern investment banking fees reached $580.7 million during the first nine months of 2016, an 11 percent increase compared to fees recorded during the same period in 2015. 
Nadim Najjar, MD, MENA, Thomson Reuters, said: “The value of announced mergers and acquisitions (M&A) transactions with any Middle Eastern involvement reached $37.4 billion during the first nine months of 2016, 19 percent more than the value recorded during the first nine months of 2015 and the highest first nine-month total in the region since 2010.” 
“Middle Eastern equity and equity-related issuance totaled $1.5 billion during the first nine months of 2016, a 72 percent decline from the first nine months of 2015 and the slowest opening nine-month period for equity capital markets issuance since 2004. Bolstered by a record-breaking second quarter, Middle Eastern debt issuance reached $43.8 billion during the first nine months of 2016, a 75 percent increase compared to the value raised during the first nine months of 2015 and the strongest first nine months for DCM issuance since records began in 1980,” he said.
About investment banking fees, Najjar added that fees generated from completed M&A transactions totaled $158.3 million during the first nine months of 2016, a 23 percent decrease compared to a year ago and the slowest first nine months for M&A fees in the region since 2012. 
Equity capital markets underwriting fees declined 64 percent to $29.1 million, marking the slowest first nine-month period since 2009, while debt capital markets fees increased 64 percent to $83.2 million. 
Syndicated lending fees accounted for 53 percent of the overall Middle Eastern investment banking fee pool, the highest first nine months’ share since 2002. 
Completed M&A advisory fees accounted for 27 percent of fees in the region while debt and equity capital markets underwriting fees accounted for a combined 19 percent. 
Powered by syndicated lending fees, Mitsubishi UFJ Financial Group earned the most investment banking fees in the Middle East during the first nine months of 2016, a total of $36.5 million for a 6.3 percent share of the total fee pool. 
Rothschild topped the completed M&A fee rankings with 12.9 percent of advisory fees while HSBC was first for DCM underwriting, up from second place a year ago. 
ECM underwriting was led by Sambacapital with $13.0 million in ECM fees, or 45 percent share. 
Mitsubishi UFJ Financial Group took the top spot in the Middle Eastern syndicated loans fee ranking with $32.2 million in fees for 10.4 percent of the market. 
As for M&A deals, the $14.1 billion merger of National Bank of Abu Dhabi and First Gulf Bank was the largest deal to be announced in the region so far this year; it is the largest domestic Middle Eastern deal of all time. 
Boosted by this deal, domestic and inter-Middle Eastern M&A increased 149 percent year-on-year to $20.5 billion. Outbound M&A activity fell 24 percent from the first nine months of 2015 to reach $11.4 billion. 
Overseas acquisitions from Qatar accounted for 41 percent of Middle Eastern outbound M&A activity while acquisitions by companies based in Saudi Arabia and the UAE accounted for 34 percent and 11 percent, respectively. 
Inbound M&A fell 53 percent to $2.2 billion. 
Financials was the most active sector, accounting for 45 percent of Middle Eastern involvement M&A, followed by Technology and Real Estate. Credit Suisse, which advised the Abu Dhabi banking merger with UBS, topped the first nine months 2016 announced any Middle Eastern involvement M&A league table. UBS ranked second. 
In respect to Equity Capital Markets, six initial public offerings (IPOs) raised $811.9 million and accounted for 54 percent of first nine months 2016 activity in the region. 
Follow-on offerings accounted for the remaining 46 percent of activity. 
Samba capital took first place in the first nine months of 2016, with Middle Eastern ECM ranking with 31 percent market share. 
As for debt capital markets, Qatar was the most active nation in the Middle East accounting for 36 percent of overall activity, followed by the UAE and Oman. 
International Islamic debt issuance increased 26 percent year-on-year to reach $28.0 billion during the first nine months of 2016. 
JP Morgan took the top spot in the Middle Eastern bond ranking during the first nine months of 2016 with 9.2 percent share of the market while CIMB Group took the top spot for Islamic DCM issuance with a 14.76 percent share.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

mideast mas reach 374bn during first 9 months mideast mas reach 374bn during first 9 months

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

mideast mas reach 374bn during first 9 months mideast mas reach 374bn during first 9 months

 



GMT 13:42 2015 Saturday ,04 April

Libyan warplane targets camp in Gharyan town

GMT 15:14 2017 Wednesday ,01 March

UN documents nearly 1,500 child soldiers in Yemen

GMT 07:24 2017 Sunday ,01 October

Mexico unlikely to find more quake survivors

GMT 16:15 2015 Wednesday ,11 November

German intelligence 'spied' on Fabius, FBI, UN bodies

GMT 01:32 2017 Saturday ,15 April

Russia's Putin earns about 157,000 USD in 2016

GMT 16:30 2017 Saturday ,15 July

Minister of planning gives priority

GMT 19:45 2017 Wednesday ,05 April

President of Senegal Meets Attorney General

GMT 05:18 2017 Thursday ,21 September

Over 80 missing after migrant boat sinks off Libya

GMT 19:22 2017 Saturday ,01 April

UN: Number of Syrian Refugees Tops 5 million

GMT 15:16 2016 Thursday ,29 September

FBI to put up database on police use of deadly force

GMT 05:06 2016 Friday ,30 September

Indian markets open flat
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday