Riyadh – Mubasher: Saudi Olayan Financing Co is considering selling shares in some of its local assets, according to Bloomberg on Tuesday.

Olayan’s spokesperson said that the company, which controls the family’s investments in the Middle East, may offer shares in one or more of its operating companies to the public, the news agency stated.

Moreover, the firm is studying establishing a holding company for some of its assets, people familiar with the plans added.

The financing company is discussing the offering procedures with potential financial advisors, which is expected to happen by early 2018, Bloomberg quoted people preferred not to be identified as saying.

Sources noted that the decisions are not final yet and may change any time.