LSEG Data & Analytics

Refinitiv Deals Intelligence

MENA Investment Banking Review

MENA Investment Banking Review - Quarterly Reports

Access our quarterly reports for Investment Banking fees, volumes, and league tables across M&A, Equity Capital Markets, and Debt Capital Markets. Examine deal flows, top deals, most active nations, and most active sectors.

Report Highlights: MENA Investment Banking Review - First Half 2025

INVESTMENT BANKING FEES

Advisory fees earned from completed M&A transactions totalled US$191.0 million, 52% more than the value registered last year at this time and the highest first-half total since 2022.

MERGERS & ACQUISITIONS

Deals involving a MENA target reached US$48.0 billion, 18% more than the value recorded last year at this time and a level only exceeded once before, in 2019 when Saudi Aramco acquired a majority stake in SABIC.

EQUITY CAPITAL MARKETS

MENA equity and equity-related issuance totalled US$7.6 billion during the first half of 2025, a 57% decline from last year at this time. The number of issues declined 6% from year ago levels.

DEBT CAPITAL MARKETS

Islamic bonds in the region raised US$32.2 billion during the first half of 2025, 14% more than last year’s total to reach an all-time first-half record. Sukuk account for 37% of total bond proceeds raised in the region, compared to 38% last year at this time.

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