RIYADH: Arabian Drilling Co, a Saudi oilfield-services firm partly held by Schlumberger NV, are hiring Goldman Sachs, HSBC Holdings Plc and SNB Capital to manage its initial public offering (IPO) in Riyadh.
The firm will sell 26.7 million shares, or a 30% stake, according to a statement, adding to a queue of companies planning to IPO on the Middle East’s biggest stock market.
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