Monday 27 May 2019

#SaudiArabia's Napco National plans float, picks Saudi Fransi to advise-sources - Reuters

Saudi Arabia's Napco National plans float, picks Saudi Fransi to advise-sources - Reuters:

Saudi Arabia-based home disposables manufacturer Napco National is planning a potential public share sale and has hired the investment banking arm of Banque Saudi Fransi to advise on the deal, sources told Reuters.

Based in Dammam, Napco National produces paper and hygiene products like facial tissues, feminine napkins and adult and child diapers.

The company is working with Saudi Fransi Capital on an initial public offering (IPO) that could take place at the end of this year or next, said the sources who declined to be named due to commercial sensitivities.

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