Saudi Industrial Services Provider Expertise Is Said to Plan IPO

Expertise Contracting Co., a Saudi-based industrial services provider for sectors including petrochemical and steel, is planning a local initial public offering as early as next year, according to people familiar with the matter.

The Jubail-based company has held initial discussions with advisers about the potential share sale, the people said, asking not to be identified as the information is private. The offering could raise at least $200 million, they said.

Deliberations are ongoing, and details of the offering could still change, the people added. Officials at Expertise didn’t immediately respond to requests for comment.

Expertise joins several other Saudi companies ...