Latest news with #AsyadShippingCompany
Observer
15-07-2025
- Business
- Observer
Asyad Shipping takes delivery of VLCC ‘Qurayyat'
MUSCAT, JULY 15 Asyad Shipping Company SAOG, a listed entity on the Muscat Stock Exchange (MSX) under the trading code ASCO, has announced the successful delivery of one of two Very Large Crude Carriers (VLCCs) it acquired earlier this year. The vessel was received on July 11, 2025 and has been named 'Qurayyat', reflecting the company's pride in Oman's identity and coastal heritage. The update follows a previous market disclosure made on April 30, 2025, which outlined the purchase of two VLCCs worth a total of $206 million. The second vessel is expected to be delivered soon, with shareholders and the market to be notified upon its arrival. The vessels, each with a capacity of up to two million barrels, are among the largest in the world and represent a strategic investment to strengthen Asyad Shipping's capacity in the global energy sector. In remarks reported by the Oman News Agency (ONA) on May 24, 2025, Emad bin Saeed Al Khaduri, Chief Commercial Officer of Asyad Shipping, said the acquisition is part of an integrated fleet expansion plan. He stressed that the new tankers are aligned with carbon neutrality standards, supporting the company's sustainability goals and enhancing its competitiveness in regional and international markets. As of April 2025, Asyad Shipping's fleet comprised 85 vessels, with ongoing plans to grow further across key shipping sectors, including crude oil, liquefied natural gas (LNG), ethylene, ammonia, and oil derivatives. The company also operates with flexible commercial models, offering short- and long-term contracts in addition to spot agreements to meet dynamic market needs. According to Al Khaduri, Asyad Shipping aims to invest between $2.3 and 2.7 billion as part of its expansion strategy, of which over $1 billion has already been committed. The pipeline includes additional tankers set to enter service in 2026 and 2027, including two LNG carriers, four crude oil carriers, and two product tankers. Through its international operations, particularly its trade office in Singapore, Asyad Shipping managed and operated 38 tankers in 2024, a performance that underscores its operational efficiency and leadership in the global maritime sector.
Arabian Post
15-07-2025
- Business
- Arabian Post
GCC IPO Market Sees Largest-Yet First Half, Despite Dip in Proceeds
Arabian Post Staff -Dubai GCC countries secured $3.4 bn from 24 initial public offerings in the first half of 2025, down 6% from $3.6 bn over 23 listings a year earlier, according to a report by Kuwaiti research firm Markaz. Saudi Arabia drove the surge, contributing $2.8 bn through 22 IPOs—an increase of 36% year‑on‑year—while the UAE and Oman saw more subdued performances. Oil‑price volatility, US tariff threats and global trade uncertainty weighed on market sentiment, but issuance volumes rose. The number of offerings edged higher to 24 from 23 in H1 2024, illustrating issuer appetite amid wider economic headwinds. ADVERTISEMENT Saudi listings captured 85% of the total proceeds, reinforcing its dominance in the regional IPO pipeline. The Kingdom raised $2.8 bn, up from $2.1 bn in the first half of 2024, with 22 issuances compared to 19 a year ago. The UAE saw a substantial 88% drop in IPO proceeds, with just one public offering—Alpha Data—raising $163 m in Abu Dhabi. Oman followed with the debut of Asyad Shipping Company, generating $333 m on the Muscat bourse. No IPOs were recorded in Kuwait, Qatar or Bahrain during this period. Sector analysis reveals the industrials segment led with $1.4 bn in proceeds, bolstered by Flynas and Asyad Shipping Company. Real estate followed with demand for development and construction offerings, while healthcare IPOs collected $505 m. Financial services and technology contributed $408 m and $204 m respectively. Performance after listing was mixed. Ten of the 24 companies saw positive returns by the end of June. Asyad Shipping led the pack, with its stock surging 835% since its March 12 listing. Umm Al Qura in Saudi Arabia recorded a 51% gain. On the downside, Hedab Alkhaleej, Dkhoun National Trading and Service Equipment fell by 30%, 27% and 26% respectively. Flynas edged slightly lower by 0.2%, despite an initial dip. Wider equity market performance across the region showed divergence. Kuwait's bourse rose 18.1% year‑to‑date, followed by Dubai, Abu Dhabi and Qatar, while Oman, Bahrain and Saudi Arabia retreated by 1.7%, 2.1% and 7.6% respectively. Geopolitical shocks—including renewed US tariff threats and oil price fluctuations— exerted pressure on national indices. On Monday, Saudi Arabia's Tadawul shed 0.2%, while Dubai, Abu Dhabi and Qatar all fell in the range of 0.3–0.5%. Investors are watching US inflation signals and Fed decisions closely, given the peg of Gulf currencies to the dollar. Despite softer proceeds overall, the strong issuance tally suggests issuers seized a narrow window before heightened uncertainty. A PwC analysis of Q1 showed GCC IPOs rose 33%, raising $1.6 bn from 11 deals, with Saudi Arabia capturing nearly 70% of that total. Looking ahead, Saudi Arabia is expected to maintain momentum, driven by privatisation efforts and a diverse pipeline of government-linked listings led by the Public Investment Fund. The UAE is projected to ramp up activity in industrials and tech, while Kuwait is implementing regulatory reforms to stimulate listings. Market analysts caution that global headwinds remain. PwC flagged how tariff announcements and macroeconomic instability continue to disrupt IPO sentiment globally. Within the GCC, sustained oil-price volatility and tightening monetary conditions add complexity. Nevertheless, Gulf capital markets have demonstrated resilience. Encouraged by diversified sector participation and healthy post-listing gains, policymakers and market participants appear poised to capitalise on remaining windows of stability.
Zawya
13-03-2025
- Business
- Zawya
Oman's Asyad Shipping debuts on Muscat bourse after $333mln IPO
Oman's Asyad Shipping Company has made its debut on the Muscat Stock Exchange (MSX), following the completion of its initial public offering (IPO). The maritime provider, which operates a fleet of 89 vessels and ships crude oil, liquefied natural gas and other products, started trading its shares on Wednesday under the ticker symbol 'ASCO'. Asyad Shipping had raised $332.8 million after offering 1.04 billion shares, representing a 20% stake. The final offer price was set at Bzs 123 per share, at the top end of the range, placing the market capitalisation of the company at around OMR 641 million ($1.66 billion). The company said its listing on the Omani stock market enables investors in the country and overseas to invest in one of the world's largest companies in the maritime shipping industry. 'Since our establishment in 2003, our journey has been marked by sustainable growth and global expansion and we have successfully built one of the world's largest diversified shipping companies,' said Ibrahim bin Bakhit Al Nadhairi, CEO of Asyad Shipping. 'As we look towards the future as a public company, we remain committed to supporting Oman's economic development, expanding our global operations and creating value for our investors.' Asyad Shipping is expected to distribute $58 million in dividends this month, to be followed by another $75 million in September this year. In March 2026, the company expects to make a dividend payout worth $75 million. Also in 2026, Asyad Shipping is expected to declare a fixed annual dividend of $150 million, half of which is slated for distribution in September of the same year. (Writing by Cleofe Maceda; editing by Seban Scaria)
Observer
05-03-2025
- Business
- Observer
FSA approves allocation of Asyad shares
Muscat - The Financial Services Authority (FSA) has announced the allocation of the shares of Asyad Shipping Company (ASCO) based on the categories stated in the prospectus. The offering was covered 1.4 times at a total value of RO 177 million. The share price is 123 Baisas, and the value of the offered shares is RO 127 million. Approved allocation results show allocation at 100% for the category of large and small individual investors. Local and foreign institutions were allocated shares by the selling shareholder in consultation with the joint global coordinator as per the terms and conditions stated in the prospectus. Asyad Shipping Company is a subsidiary of ASYAD Group, one of the companies of the Oman Investment Authority (OIA). The offering is a manifestation of OIA's policy of divesting certain government assets in line with Oman Vision 2040, that aims to attract national and foreign investments. The move is also part of efforts for diversification and expansion of the investors' base. The offering will allow investors an opportunity to invest in one of the most prominent companies in Oman in the field of marine transportation. It is worth noting that FSA is keen, when considering the allocation of shares, to consider investors' segments to expand the base of participation in public offerings to enhance the role of the capital market as a source of effective funding in the national economy.
Zawya
05-03-2025
- Business
- Zawya
Oman: FSA approves allocation of Asyad shares
Muscat: The Financial Services Authority (FSA) has announced the allocation of the shares of Asyad Shipping Company (ASCO) based on the categories stated in the prospectus. The offering was covered 1.4 times at a total value of RO 177 million. The share price is 123 Baisas, and the value of the offered shares is RO 127 million. Approved allocation results show allocation at 100% for the category of large and small individual investors. Local and foreign institutions were allocated shares by the selling shareholder in consultation with the joint global coordinator as per the terms and conditions stated in the prospectus. Asyad Shipping Company is a subsidiary of ASYAD Group, one of the companies of the Oman Investment Authority (OIA). The offering is a manifestation of OIA's policy of divesting certain government assets in line with Oman Vision 2040, that aims to attract national and foreign investments. The move is also part of efforts for diversification and expansion of the investors' base. The offering will allow investors an opportunity to invest in one of the most prominent companies in Oman in the field of marine transportation. It is worth noting that FSA is keen, when considering the allocation of shares, to consider investors' segments to expand the base of participation in public offerings to enhance the role of the capital market as a source of effective funding in the national economy. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
