Muscat
Asyad Shipping (in transition), the maritime transport arm of Asyad Group, in collaboration with the Oman Chamber of Commerce and Industry, organized today the first introductory meetings regarding the upcoming public offering in the Wilayat of Ibri in the Al Dhahirah Governorate and the Wilayat of Rustaq in the South Al Batinah Governorate. The aim is to educate investors about the details of the initial public offering and showcase the investment opportunities it provides.
The introductory tours will continue tomorrow in the Wilayat of Sohar in the North Al Batinah Governorate and the Wilayat of Al Buraimi in the Al Buraimi Governorate. A meeting will be held next Sunday in the Wilayat of Salalah in the Dhofar Governorate, followed by another meeting on Monday in the Wilayat of Nizwa in the Al Dakhiliyah Governorate, concluding the meetings on Tuesday in Muscat Governorate.
These tours provide an opportunity for investors and interested parties to interact directly with the executive management of Asyad Shipping and raise their inquiries regarding the company’s future, financial performance, and expansion plans.
The subscription period for Asyad Shipping shares is scheduled to begin from February 20 to February 27, during which shares will be allocated to different categories, including institutions, individuals, and key investors.
The shares will be subscribed to by two categories: the first category includes investors from local, regional, and international institutions (“Category One Investors”), while the second category consists of individual investors in the Sultanate of Oman (“Category Two Investors”), according to the mechanism approved by the Financial Services Authority. The offering for Category Two “individual investors” represents 25% of the total shares offered.
Asyad Shipping is classified among the largest global companies in the diverse maritime transport and shipping services sector, boasting a comprehensive range of assets and operational capabilities, including regular shipping services, ship management, and leasing activities.
The company operates a diverse fleet of 89 vessels serving all industrial and commercial sectors, with services reaching over 60 countries.
