Saudi retailer United Electronics considers consumer finance IPO

Saudi retailer United Electronics considers consumer finance IPO

Late evening sunlight is seen reflected off the Kingdom Tower in Riyadh, Saudi Arabia, on Thursday, Dec. 1, 2016. Photographer: Simon Dawson/Bloomberg

Saudi Arabia’s United Electronics Company, owner of retailer eXtra, said on Tuesday it was evaluating strategic options for its consumer finance business, including a possible initial public offering.

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