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Asyad Shipping raises $333m from Muscat listing

Summary by AGBI

Asyad Shipping, an Omani state-run company, has raised OMR128 million ($333 million) in an initial public offering of a fifth of its shares on the Muscat stock exchange, the company said in a statement. Based on the final offer price of 123 baisas per share, the company’s market capitalisation on listing will be OMR641 million ($1.7bn). The IPO comprised more than 1 billion shares, of which 75 percent were allocated to institutional investors. …

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Asyad Shipping raises $333m in Oman IPO

Asyad Oman’s Asyad Shipping, a subsidiary of state-controlled logistics giant Asyad Group, has raised $333m through an initial public offering on the Muscat Stock Exchange. The IPO involved more than 1bn shares, of which 75% were allocated to institutional investors. The anchor investors, Mars Development and Investment, an Omani state-owned entity, and Falcon Investments, a subsidiary of the Qatar Investment Authority, bid for 10% and 20% of t…

18 hours ago

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