Muscat: Asyad Shipping S.A.O.G ("under transformation"), the maritime division of Asyad Group and a leading global provider of diversified maritime and shipping solutions, is showcasing its dedication to investor engagement by launching a series of Roadshows for its upcoming initial public offering (IPO). These events will take place across several governorates in Oman, including Muscat, North Al Batinah, Dhofar, Al Buraimi, and other significant locations, from February 19 to 25, 2025.
In partnership with the Oman Chamber of Commerce and Industry, these roadshows aim to highlight Asyad Shipping’s commitment to transparency and active public engagement. They are designed to educate investors about the IPO specifics and the strategic investment opportunities it presents. The roadshows will provide a direct platform for investors and stakeholders to engage with the leadership of Asyad Shipping. Participants will receive comprehensive insights into the company’s financial performance and growth strategy, as well as the chance to raise questions regarding its future direction. This initiative is essential for building investor confidence, reinforcing the company’s focus on sustainable long-term growth, and aiding in the diversification of Oman’s economy. The subscription period for Asyad Shipping shares is scheduled to begin on February 20 and will run until February 27, with shares available to various investor categories, including institutions, individuals, and anchor investors.
A total of seven roadshows are planned, with the first taking place on February 19 in the Wilayat of Ibri, Ad Dhahirah Governorate. The second event is also set for February 19 at the Chamber's branch in South Al Batinah Governorate, specifically in the Wilayat of Al Rustaq.
The roadshows are scheduled to proceed on February 20th in the Wilayats of Sohar and Al Buraimi, followed by events in Salalah on the 23rd, Nizwa on the 24th, and concluding in Muscat on February 25th.
The Offering will be accessible in two tranches for eligible and qualified institutional investors in Oman and other countries (referred to as "Category I Investors") as well as for retail investors in Oman ("Category II Investors"). This process will be conducted in accordance with the regulations set by the FSA and will occur simultaneously. The Category II (Retail Tranche) will account for 25% of the total Offering designated for retail investors in Oman.
Regarding the IPO roadshows, Sheikh Faisal bin Abdullah Al Rawas, Chairman of the Oman Chamber of Commerce and Industry, remarked: "We are delighted to facilitate the IPO roadshows for Asyad Shipping as part of our continuous efforts to enhance collaboration between government bodies and support national initiatives focused on economic diversification. This IPO signifies Oman’s dedication to advancing its maritime sector and attracting strategic investments, aligning with the goals of Oman Vision 2040, which emphasizes empowering key industries and improving the investment environment. We believe this offering will further reinforce Oman’s status as a global logistics hub and create long-term value for the national economy.”
Asyad Shipping Company stands as one of the largest and most diversified maritime service providers globally, recognized for its leadership in deep-sea transportation and a comprehensive range of operational capabilities. Fully owned by Asyad Group, the company capitalizes on the Group's sophisticated infrastructure and shared resources to deliver extensive solutions to clients worldwide, encompassing liner services, ship management, and chartering operations. Headquartered in Oman, Asyad Shipping manages a fleet of 89 vessels that service over 60 countries. Since its inception in 2003, the company has established fully integrated operations and fostered enduring relationships with a diverse, high-caliber international clientele.
The IPO of Asyad Shipping is anticipated to be one of the most significant public offerings in Oman, attracting considerable interest from both domestic and international investors. With the company’s leadership in the industry, strong financial results, and commitment to operational excellence, the IPO is expected to significantly contribute to the growth of Oman’s capital market and overall economic development, as detailed in the official prospectus.
