According to Arabia Net, informed sources told Bloomberg that selling the shares and listing them in the Saudi market would allow Investcorp, a Bahrain-based company, to reduce its stake.
The sources, who requested anonymity because the information is private, said the IPO could happen in the next year, depending on how quickly the company recovers from the impact of the Corona virus outbreak. . They said that the final decisions were not taken, and the company may decide to postpone the sale of the shares.
A representative from Theeb Company confirmed that the company is working on the IPO without giving further details.
A spokesman for Investcorp declined to comment, while a representative of Saudi Fransi Capital did not respond to requests for comment.
(Amazon fun of knowledge)
