(This April 23 story has been corrected to change headline to show APICORP is Saudi-based, not a Saudi entity)
DUBAI (Reuters) - The Arab Petroleum Investments Corporation (APICORP), a Saudi-headquartered multilateral development bank, has hired banks to arrange investor meetings ahead of a potential dollar bond issue, two sources said.
APICORP has hired Citi, Goldman Sachs and Standard Chartered for the potential issue, which would have a maturity of three or five years and could be launched in the second quarter of this year, subject to market conditions.
A company spokesman did not immediately respond to a request for comment.
Reporting by Yousef Saba and Davide Barbuscia; Editing by Susan Fenton