Investcorp Holdings B.S.C. is considering listing an investment vehicle in Abu Dhabi, in what would be the region's first such initial public offering. The Bahrain-based investor has started early preparations with advisers for an IPO of the vehicle that would include some stakes in its - mainly international - assets, according to people familiar with the matter. The company is working with First Abu Dhabi Bank, Emirates NBD, Goldman Sachs Group and Moelis & Co.

on the deal, and a listing could happen as soon as this year, the people said, asking not to be identified as the information isn't public. Deliberations are still preliminary and details of a potential deal are still being finalized, the people said. Investcorp is also considering other venues for the listing, they said.

Representatives for Investcorp and the banks declined to comment.