Mena mergers acquisitions total $14.8bln in Q1: Refinitiv – ZAWYA

Mena mergers acquisitions total $14.8bln in Q1: Refinitiv – ZAWYA

The investment banking fees in the Middle East and North Africa was up 11% from last year's slow start. According to Refinitiv's 2020 first quarter investment banking analysis for the Middle East, the investment banking fees in the Middle East and North Africa was up 11% from last year's slow start, with triple-digit gains recorded across mergers and acquisitions (M&A) advisory and equity underwriting fees.. Advisory fees earned from completed M&A transactions generated $58.4 million, up 266% year-on-year and the highest first quarter total since 2017.. The financial and industrial sectors each accounted for 25% of total investment banking fees earned in the region during the first quarter of 2020, and almost half of all fees were generated by companies located in the UAE.. Jefferies earned the most investment banking fees in the region during the first quarter of 2020, a total of $27.8 million or a 14.7% share of the total fee pool, the report said.. Monthly M&A has increased in value for the third consecutive month, with March 2020's $6.1 billion marking the highest monthly total in 11 months..