MUSCAT, FEB 25
Asyad Shipping, a global leader in maritime transport solutions and the maritime arm of Asyad Group, has wrapped up its nationwide IPO roadshow with a final event at the Muscat Stock Exchange (MSX) headquarters. The roadshow, which ran from February 20 to 25, 2025, spanned seven governorates, including Al Rustaq, Suhar, Al Buraimi, Salalah, and Nizwa, culminating in Muscat.
The roadshows aimed to highlight the details of Asyad Shipping’s share offering and underscore the company’s role in supporting Oman Vision 2040. The sessions emphasised economic diversification, operational efficiency and transparency, while promoting inclusive investment opportunities for all target groups. The subscription period for the IPO concludes on February 27, 2025.
At the Muscat event, Asyad Shipping’s leadership team delivered a detailed presentation on the strategic importance of the IPO. They highlighted how the offering aligns with Oman Vision 2040 by driving economic growth, enhancing efficiency and creating a platform to attract both local and international investors.
The company’s strong ties with the Oman Investment Authority (OIA) have solidified its position as a preferred maritime partner for OIA subsidiaries. As a key pillar of Asyad Group’s logistics ecosystem, Asyad Shipping has leveraged the group’s port operations and capabilities to achieve operational excellence.
Financially, Asyad Shipping has demonstrated remarkable performance, securing future revenues of up to $1.9 billion by the end of 2024. The company’s EBITDA margins stand at approximately 68 per cent, outperforming the global maritime sector average. This robust financial health has significantly boosted investor confidence in the IPO.
The offering has attracted strong interest from local and regional investors, including Mars Development and Investment LLC and Falcon Investments LLC, a subsidiary of the Qatar Investment Authority. These investors have expressed confidence in Asyad Shipping’s competitive edge, supported by its 2023 revenue of $945 million and impressive profitability.
Trading of Asyad Shipping’s shares on the MSX is expected to begin on or around March 13, 2025, marking a major milestone in the company’s journey to becoming a global investment partner.
Established in 2003, Asyad Shipping operates 89 vessels across 60 countries, offering a full suite of maritime services, including liner shipping, ship management and chartering. The company’s five key business segments — Container Ships, Product Tankers, Dry Bulk Carriers, Crude Tankers and Gas Carriers — cater to a diverse international clientele.
Looking ahead, Asyad Shipping plans to expand its fleet with two eco-friendly LNG carriers, reinforcing its commitment to sustainability and innovation. With its integrated operations and strategic growth plans, Asyad Shipping is poised to strengthen its position as a global maritime leader.
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