IT Firm Aces Said to Weigh Stake Sale Amid Saudi Digital Push

Saudi Arabia-based Advanced Communications and Electronics Systems Co. is weighing a stake sale, people familiar with the matter said, a deal that would give buyers exposure to the kingdom’s growing demand for digital infrastructure services.

The information technology firm, better known as Aces, is working with EFG Hermes on the potential transaction, the people said, asking not to be named as the information isn’t public. The company is owned by its founders and investment firm ewpartners.