DUBAI: United Arab Emirates-based private equity firm Ithmar Capital has picked Credit Suisse and Deutsche Bank to manage an initial share sale for a vehicle it hopes to list on the Dubai bourse by the end of the year, sources close to the matter told Reuters.

Ithmar is aiming to list a special purpose acquisition company (SPAC), a vehicle which lists and then uses the cash raised from the flotation to make private equity-style investments, several sources said.