Saudi industrial services provider plans IPO in 2024
- Date: 01-Nov-2023
- Source: Zawya
- Sector:Industrial
- Country:Saudi Arabia
Saudi industrial services provider plans IPO in 2024
Saudi-based Expertise Contracting Co. intends to launch an initial public offering (IPO) as early next year, Bloomberg reported, citing informed sources.
The Jubail-based industrial services provider has held initial discussions with advisers on the floatation, raising at least $200 million, the report said.
Deliberations are continuing, Bloomberg said, adding that details of the offering could change.
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