Saudi Arabia Leads Integration, Acquisition Deals in Middle East to Historic Level in Second Quarter

  • 7/11/2018
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Thomson Reuters issued its quarter report on banking investment in the Middle East region during the second quarter of 2018. According to the report, the investment and banking services fees in MENA reached USD472 million during the second quarter of 2018, which is 7 percent of the registered fees value during the same period of last year. Nadim Najjar, regional managing director at Thomson Reuters, said that the issuance fees in debts markets reached USD140.6 million, a drop of 7 percent on an annual basis. However they are considered the highest registered value in the region since the data of 2000. Fees of integration and acquisition operations reached USD59.6 million during the first six months of the current year, with a drop of 52 percent compared to the same period in the past year. This is the first registered value in the first half of 2012, and the accumulated loans fees reached USD215.7 million with a rise of 17 percent compared to the first half of 2017. Fees of debts issuance formed around 30 percent of the total investment banking activities fees in the MENA, and it is the second highest registered stake since the data of 2000. Fees of accumulated loans represented 46 percent, while consultative fees stake for integration and acquisition deals dropped to its lowest, to reach 13 percent of the total fees. Citibank acquired most of the investment banking in MENA during the second quarter of 2018, a total of USD44.8 million with a stake reaching 9.5 percent of the total fees. Integration and acquisition deals in MENA during Q2 of 2018 reached the highest level ever. At the same time, the value of integration and acquisition deals issued dropped from USD6.9 billion in Q2 last year to USD6.6 billion since the beginning of the current year.

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