Asyad Group, a prominent global integrated logistics provider, recently announced its intention to offer at least 20% of the issued share capital in Asyad Shipping Company, through an Initial Public Offering (IPO) and to list its ordinary shares for trading on the Muscat Stock Exchange (MSX).
The Offering comes as part of Asyad Group’s vision to drive its operational growth, diversify its business portfolio, and achieve sustainability and long-term growth.
Since its inception through the end of 2023, Asyad Group has consistently delivered a strong and sustainable financial performance, achieving a remarkable compound annual growth rate (CAGR) of 21% in revenue and 73% in net profit.
Maritime solutions
Established in 2003, Asyad Shipping is one of the world’s largest providers of diverse shipping and maritime solutions. It is competitively positioned to meet the needs of high-growth markets such as Asia, the Middle East, North Africa, Europe and the Americas.
ASC operates 89 multi-purpose vessels reaching over 60 countries, linking Omani and global ports, and providing reliable and competitive shipping solutions to all major industrial sectors.
It is also distinguished by its long-standing strategic and commercial partnerships with many major international clients, reinforcing its position as a leader in the global shipping and maritime transportation sector, a press communication concluded.
