middle eastern mergersacquisitions reached us47 billion in q1 2016
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Middle Eastern Mergers & Acquisitions reached US$4.7 billion in Q1 2016

Arab Today, arab today

Arab Today, arab today Middle Eastern Mergers & Acquisitions reached US$4.7 billion in Q1 2016

Middle Eastern Mergers & Acquisitions
Dubai - WAM

The value of announced M&A transactions with any Middle Eastern involvement reached US$4.7 billion during the first quarter of 2016, a decline of 67% compared to the first quarter of 2015, Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, said in its the quarterly investment banking analysis for the Middle East region released today.

According to estimates from Thomson Reuters / Freeman Consulting, Middle Eastern investment banking fees reached US$178.2 million during the first quarter of 2016, a 17% decline compared to the value recorded during the first quarter of 2015 and the lowest annual start for investment banking fees in the region since 2014.

Nadim Najjar, Managing Director, MENA, Thomson Reuters, said: "The value of announced M&A transactions with any Middle Eastern involvement reached US$4.7 billion during the first quarter of 2016, a decline of 67% compared to the first quarter of 2015 and the slowest first quarter for deal making in the region since 2014."

"Middle Eastern equity and equity-related issuance totalled US$228.0 million during the first quarter of 2016, a 92% decline from the first quarter of 2015 and the slowest opening period for equity capital markets issuance since 2011. Middle Eastern debt issuance reached US$5.5 billion during the first quarter of 2016, a 22% decrease compared to the value raised during the first quarter of 2015 and the slowest opening period for DCM issuance since 2009. " he added.

In respect to investment banking fees, Fees from completed M&A transactions totalled US$54.4 million during the first quarter of 2016, a 22% decrease compared to a year ago and the slowest first quarter for M&A fees since 2013. Syndicated Lending fees accounted for nearly two-thirds of the overall Middle Eastern investment banking fee pool, the highest first quarter share since fee records began in 2000.

Equity capital markets underwriting fees declined 84% compared to last year, while debt capital markets fees totalled US$5.2 million, down 66% from 2015. Fees from combined debt and equity capital markets underwriting accounted for 6% of the overall fee pool in the region during the first quarter, the lowest percentage since the first quarter of 2009.

As for M&A deals, Outbound M&A activity fell 85% from the first quarter of 2015 to reach US$1.3 billion, the lowest first quarter total since 2010. Overseas acquisitions from the United Arab Emirates accounted for 39% of Middle Eastern outbound M&A activity, while acquisitions by companies based in Bahrain and Saudi Arabia accounted for 29% and 23%, respectively.

Domestic and inter-Middle Eastern M&A decreased 36% year-on-year to US$1.8 billion. Inbound M&A fell 52% to US$558.8 million, a two-year low. Industrials was the most active sector, accounting for 31% of Middle Eastern involvement M&A. The largest deal with Middle Eastern involvement during the quarter was the US$1.1 billion acquisition of Denmark-based Icopal A/S by GAF Corp from Bahrain-based Investcorp Ltd. Lazard topped the first quarter 2016 announced any Middle Eastern involvement M&A league table with US$1.4 billion from advising on the top two deals of the quarter.

In respect to Equity Capital Markets, two initial public offerings raised US$200.6 million and accounted for 88% of first quarter 2016 activity in the region. Follow-on offerings accounted for the remaining 12% of activity. Arabian Food Industries Co raised US$126.9 million in an initial public offering in March, the largest equity offering in the region during the quarter. Sambacapital took first place in the first quarter 2016 Middle Eastern ECM ranking with 32.3% market share.

As for Debt Capital Markets, Bahrain was the most active nation in the Middle East accounting for 30% of overall activity, followed by Saudi Arabia and Kuwait. International Islamic debt issuance increased 14% year-on-year to reach US$10.2 billion during the first quarter of 2016, the largest first quarter for issuance in two years. Morgan Stanley took the top spot in the Middle Eastern bond ranking during the first quarter of 2016 with an 11.9% share of the market, while CIMB Group took the top spot for Islamic DCM issuance with a 17.3% share.

Source: WAM

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*

middle eastern mergersacquisitions reached us47 billion in q1 2016 middle eastern mergersacquisitions reached us47 billion in q1 2016

 



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*

middle eastern mergersacquisitions reached us47 billion in q1 2016 middle eastern mergersacquisitions reached us47 billion in q1 2016

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
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