Mena investment banking fees declined 6% in first quarter 2018

Dubai: Middle Eastern & North African (Mena) investment banking fees declined six per cent year on year in the first quarter of 2018 to $243.1 million (Dh892 million) recorded during the same quarter last year due to subdued capital market activity, according to the latest data from Thomson Reuters.

Debt capital markets (DCM) underwriting fees totalled $62.9 million, down 18 per cent. Equity capital markets (ECM) fees decreased 46 per cent to $8.4 million. Fees generated from completed M&A transactions totalled $15.1 million, a 82 per cent decrease from last year and the lowest annual start since 2004.


“Debt capital markets fees accounted for 26 per cent of the overall Middle Eastern & North African investment banking fee pool. Despite being down 18 per cent year-on-year, this was the second highest start of the year in the region since our records began in 2000,” said Nadim Najjar, Managing Director, Middle East and North Africa, Thomson Reuters.