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Thursday, October 22, 2026 6:38 GMT
Asyad Group has proposed to sell up to 6.25% of the issued share capital of Asyad Shipping Company through an additional public offering, comprising a 5% institutional tranche and a retail tranche of up to 1.25%. The offering aims to increase Asyad Shipping’s free float to above 25%, meeting the minimum free float requirement set by the Financial Services Authority (FSA), according to a disclosure submitted to the Muscat Stock Exchange (MSX). The transaction follows Asyad Shipping’s initial...More