Saudi Arabian Water Treatment Firm Miahona Said to Consider IPO

Saudi Arabian water treatment firm Miahona is considering a domestic initial public offering as soon as next year, according to people familiar with the matter.

Miahona, a portfolio firm of holding company Vision Invest, has held talks with advisers about a potential deal that could raise as much as a couple hundred million dollars, the people said, asking not to be identified as the information isn’t public.

Himmah Capital is advising Miahona on its share sale, the people said. Representatives for the companies didn’t respond to multiple requests for comment.

Saudi Arabia’s market for IPOs has sprung back to life ...