Investment banking fees in MENA dip to $591mln in H1 2021
- Date: 25-Jul-2021
- Source: Zawya
- Sector:Financial Services
- Country:Middle East
Investment banking fees in MENA dip to $591mln in H1 2021
Investment banking fees in Middle East & North Africa (MENA) totaled $591 million during the first half of 2021, a decrease of 4 percent compared to the same period last year, according to Refinitiv data.
The fees generated was from a total of 193 deals in H1 2021, nearly 3 percent more than the number of deals in the year-ago period.
Fees earned from mergers & acquisitions (M&A) generated 191.4 million, down 30 percent from the same period in 2020. However, compared to Q1 2021, there was a strong recovery of 838 percent in M&A fees.
Equity capital market (ECM) underwriting fees more than doubled to $46.4 million, the highest since 2018.
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