Dube has established himself as one of the most destructive middle-order batters in the IPL, scoring 350 runs at a 170-plus strike rate
STC, Saudi Arabia's largest telecoms operator, sent a request for proposals to international and local banks last week for Solutions by STC (STCS), said the sources, who declined to be identified as the matter is not public.
The company did not communicate with banks its planned deal size, they said.
STCS last year had over SR5 billion ($1.33 billion) of revenues and profit in the range of SR500 million, which would be a sizeable offering, they said.
The company's valuation could be around SR9 billion ($2.4 billion), if it garners 18-20 times its earnings multiples, one of the sources said.
The IPO size could be around $500 million if the company sells 20 per cent, the source said.
STC did not respond to a request for immediate comment when contacted by Reuters.
The country has witnessed a flurry of public offerings this year as companies tap into Saudi demand for shares since oil giant Aramco's record IPO last year.
Saudi Arabia is encouraging more companies to list in a bid to deepen its capital markets under reforms aimed at reducing its reliance on oil.
Supermarket retailer BinDawood Holding earlier this week set an indicative price for its initial public offering, seeking to raise as much as SR2.19 billion ($585 million) in a Riyadh listing. - Reuters
Dube has established himself as one of the most destructive middle-order batters in the IPL, scoring 350 runs at a 170-plus strike rate
Fraser-McGurk has blasted 309 runs in seven matches for the Delhi Capitals at a strike-rate of 235.87
The mayor of Seoul also extended a cordial invitation to the RTA to participate in the upcoming Seoul Smart Life Week
The units are equipped to transform residences into golfing sanctuaries while eradicating the limitations of weather, seasonality and tee times
When the Paris opening ceremony begins on July 26, it will be the first time the city has played host for a century after previous editions in 1924 and 1900
This decision to invite players outside of the top 100 has precedents which is an interesting initiative to watch
Saudi Arabia's Abdullah Al-Qahtani meets Morocco's Taha Bendaoud in the main event
The airport will have a passenger capacity of 260 million per annum and fully absorb Dubai airport operations