Oman’s Asyad Shipping Opens Share Offering

Asyad Shipping Company has announced a new share offering for individual investors, with up to 65.1 million existing shares available at 195 Omani baisas (~51 cents) per share, as its parent company, Asyad Group, moves ahead with an additional sale of its holding in the listed shipping operator.

The subscription period opened on October 28 and closes on November 2, 2026, according to a regulatory announcement issued on October 26.

The transaction involves up to 65,109,304 existing shares offered by Asyad Group SAOC. At the announced price of OMR 0.195 (~51 cents) per share, the offering represents a potential transaction value of approximately OMR 12.7 million (~US$33 million) if fully subscribed.

Offering expands access for individual investors

The additional offering provides individual investors with an opportunity to acquire shares in one of Oman’s largest international shipping companies.

Asyad Shipping, which trades on the Muscat Stock Exchange under the symbol ASCO, said applications must be submitted through appointed collection agents in accordance with the procedures outlined in the offering prospectus.

Investors are advised to review the prospectus before applying, particularly the eligibility requirements, subscription arrangements and conditions governing the offered shares.

As the transaction involves existing shares held by Asyad Group, it represents a secondary share sale rather than the issuance of new equity by Asyad Shipping.
Diversified fleet serves more than 60 countries

Headquartered in Oman, Asyad Shipping operates a diversified fleet of approximately 90 vessels serving customers across more than 60 countries.

Its operations cover five principal business segments: crude oil transportation, dry bulk shipping, gas carriers, liner services and refined petroleum products.

The company has operated for more than two decades, serving international energy companies, commodity traders and industrial customers.

Its geographical position provides access to shipping markets across Asia, the Middle East and North Africa, linking major energy production centres with international commodity and industrial supply chains.

Subscription closes November 2

The offering comes as Asyad Shipping continues operating across several shipping markets with different demand patterns, freight rates and investment requirements.

For prospective shareholders, the company’s exposure to tanker, dry bulk, gas and liner shipping provides access to several maritime sectors through a single listed operator.