Saudi Basic Industries Corporation (SASE:2010) (SABIC) has hired NCB Capital Company to advise on a potential listing of its speciality chemicals business, an offering that could raise several hundred million dollars, three sources said. The company is also sounding out foreign banks for advisory roles and HSBC Holdings plc (LSE:HSBA) and JPMorgan Chase & Co. (NYSE:JPM) are among those in the final phase of pitching for the deal, which could be launched later this year or early 2022, two of the sources said. The sources declined to be identified as the matter has not yet been made public. NCB Capital did not respond to a Reuters request for comment, while JPMorgan and HSBC declined to comment. SABIC did not immediately respond to a Reuters request for comment.