Kuwait Conglomerate Alghanim Is Said to Weigh $1 Billion IPO (1)

Alghanim Industries Ltd., one of the largest privately-owned firms in Kuwait, is seeking to raise about $1 billion from a potential initial public offering, people familiar with the matter said.

The family-run conglomerate, which traces its roots back more than 100 years, is working with banks including Credit Suisse Group AG on the possible listing, the people said. Alghanim is in talks with other regional and international banks about roles on any IPO, the people said, asking not to be identified as the matter is private.

Deliberations about a potential listing are in the early stages and no final ...