ASYAD Shipping Company charts IPO course on the Muscat Stock Exchange

MUSCAT : ASYAD Group announces its intention to offer at least 20 per cent of the issued capital of ASYAD Shipping Company (under transformation) for public subscription and trading on the Muscat Stock Exchange.

The offering comes as part of Asyad Group’s vision to drive its operational growth, diversify its business portfolio, and achieve sustainability and long-term growth. Achieving a compound annual growth rate (CAGR) of 21% in revenue and 73% in net profit, this growth has been underpinned by the group’s expansion into over 90 geographical markets, including into major global economies such as China, India, the United States, and the GCC.