Muscat – The shares were valued at 123 baisas, with the total size of the shares offered for subscription set at OROMR 127 million.

The approved allocation results show that 100 percent of the subscribed shares have been allocated to individual investors, both small and large. As for local and foreign institutions, the allocation was carried out by the selling shareholder in consultation with the joint global coordinator, in line with the conditions specified in the issuance prospectus.

Asyad Shipping Company is part of the Asyad Group, a subsidiary of the Oman Investment Authority. The share offering is in line with the Oman Investment Authority’s strategy to divest from certain government assets and reflects the broader objectives of ‘Oman Vision 2040’, which seeks to attract both national and foreign investments. The move also plays a key role in diversifying and expanding the base of investors in the Sultanate.

The FSA has emphasised its commitment to ensuring that the allocation of shares in new issues is fair and equitable across various investor segments. This approach aims to broaden the participation base in public subscriptions, enhancing the role of the capital markets sector as a significant source of financing for the national economy.