Asyad Shipping Lists on Muscat Stock Exchange

Asyad Shipping, a leading maritime provider, successfully listed on the Muscat Stock Exchange after completing its IPO recently.

The Company raised c. OMR 128.1 million (equivalent to c. USD 332.8 million) from domestic and international investors.

The Company offered 1,041,748,856 ordinary shares to investors, representing 20% of its total issued share capital.

They set the offer price at 123 baizas, making Asyad Shipping’s market cap approximately OMR 641M (USD 1.66B).

Robust Dividend Policy

In 2026, the Company plans to declare a fixed annual dividend of USD 150.0 million (approximately OMR 58.0 million).

They plan to pay USD 75M in September 2026, based on the Company’s performance for the first half of 2026.

The remaining USD 75M is planned for March 2027, based on the Company’s performance for the entire year of 2026.

In 2027, the Company plans to declare a dividend based on 95% of the year’s audited net income.

The Company expects to pay 50% of this dividend in September 2027 and 50% in March 2028.

CEO’s Proud Statement

Commenting on this exceptional event in the journey of Asyad Shipping, Dr. Ibrahim bin Bakhit Al Nadhairi, CEO of Asyad Shipping, said: “I am incredibly proud to see Asyad Shipping list on Muscat Stock Exchange. Since establishing in 2003, we have marked our journey with sustainable growth and global expansion. We have successfully built one of the world’s largest diversified shipping companies by leveraging Asyad Group’s advanced infrastructure. 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 and partners by continuously seeking out new growth opportunities.”

Asyad Shipping’s MSX listing allows global investors to invest in a leading maritime company and key player in Oman’s economy.

Commenting on the listing, Haitham Salim Al Salmi, CEO of Muscat Stock Exchange, said: “The listing of Asyad Shipping, a subsidiary of Asyad Group, on the Muscat Stock Exchange is an important step towards reinforcing the Exchange’s position and opens new investment opportunities in the diversified maritime transport and shipping industry. Asyad Shipping is the first company that lists on the MSX this year, a valuable addition to the logistics sector on the Exchange. The listing boosts the Exchange’s market capitalization to approximately OMR 27,831,000,000, making the company one of the ten largest listed on the Exchange. Asyad Shipping’s listing aligns with the Oman Investment Authority’s strategy to divest from some government assets, supporting economic diversification efforts and achieving Oman Vision 2040 objectives.”