Investcorp Explores Sale of Saudi Arabian IT Firm NourNet

Alternative asset manager Investcorp Holdings is exploring the sale of an information technology firm in Saudi Arabia amid growing investor appetite for such assets in the kingdom, according to people familiar with the matter.

The firm is working with HSBC Holdings Plc on a potential sale of NourNet, the people said, asking not to be named because the information is private. Deliberations are ongoing, and no final decision has been made, they said.