Saudi-based Expertise Contracting to go public next year: Report

Logo of Expertise Contracting Co.

Expertise Contracting Co., a Saudi-based industrial services provider, plans to launch an initial public offering (IPO) early next year, Bloomberg reported, citing sources. 

The Jubail-based company held initial discussions with advisers about the potential share sale, as the offering could raise at least $200 million. 

Deliberations are ongoing, and details of the offering can still change. 

Expertise Contracting was established in 1999 to operate in petrochemicals, oil & gas, fertilizers, steel, cement, water treatment and power generating sectors.  

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