UPDATE 1-Saudi Alhokair's mall business seeks $1 bln from IPO - sources | Reuters:
Shopping malls operator Arabian Centres Company, owned by Fawaz Alhokair Group, is seeking $1 billion from a public share listing in the second quarter, sources told Reuters.
Arabian Centres, which has applied for an initial public offering with the Capital Market Authority, is looking to sell a 30 percent stake to investors on Riyadh’s stock exchange, the Tadawul, sources told Reuters in January.
Goldman Sachs and EFG Hermes have been appointed as bookrunners and Credit Suisse and Citigroup, may also join, two sources who declined to be named due to commercial sensitivities said on Thursday.
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