⁍ Saudi Telecom Co has hired banks to arrange potential initial sale of shares in its products and services development arm, sources said.
⁍ HSBC, Morgan Stanley and NCB Capital have been appointed to advise, the sources said.
– Saudi Telecom Co has hired banks including HSBC, Morgan Stanley, and the investment banking arm of Saudi National Bank to look into an initial public offering of shares in the company’s products and development arm, sources tell Reuters.
Source: https://www.reuters.com/article/saudi-stc-stcs-ipo/saudi-arabias-stc-hires-banks-for-ipo-of-subsidiary-sources-idUSL8N2HG065