Saudi Arabia-Based REDA Hazard Control Is Said to Explore Sale

Saudi Arabia-based REDA Hazard Control has been exploring strategic options including a full sale, according to people familiar with the matter, offering a rare opportunity for investors to buy into a privately held firm in the kingdom.

The fire safety and equipment company has been working with Moelis & Co. on the potential transaction, the people said, asking not to be identified as the talks are private. It has approached prospective buyers — including both regional and international private equity firms, the people said.

No final decision has been made and discussions could still fall through, they added. ...