‘Saudi Fransi snags Olayan IPO role’

New Straits Times - - Business -

RIYADH: Saudi Ara­bia’s bil­lion­aire Olayan fam­ily, which runs one of the na­tion’s big­gest con­glom­er­ates, hired Saudi Fransi Cap­i­tal as fi­nan­cial ad­viser for the planned share sale of some of its lo­cal as­sets, ac­cord­ing to peo­ple fa­mil­iar with the mat­ter. Olayan Fi­nanc­ing Co, which con­trols the fam­ily’s in­vest­ments in the Mid­dle East, may set up a new hold­ing com­pany for as many as 20 of its units, which could be worth as much US$5 bil­lion (RM21.65 bil­lion), said two peo­ple. Agen­cies

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