DUBAI, Oct 25 (Reuters) - Saudi Telecom Co (STC)
has hired banks to arrange a potential initial sale of shares in
its products and services development arm, Solutions by STC,
three sources familiar with the matter told Reuters.
STC, Saudi Arabia's largest telecoms operator, has appointed
HSBC, Morgan Stanley and the investment banking
arm of Saudi lender National Commercial Bank to advise
on the sale, said the sources, who declined to be identified as
the matter is not public.
STC, HSBC, Morgan Stanley and NCB Capital did not
immediately respond to a request for comment when contacted by
Reuters on Sunday.
(Reporting by Hadeel Al Sayegh and Saeed Azhar; Editing by