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Asyad Shipping, the ocean-going maritime transportation arm of Oman’s integrate logistics business Asyad Group, envisions ...

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Asyad Group, which is owned by the Oman Investment Authority, will offer secondary shares for a minimum 20% free-float with ...

Oman’s state-owned logistics firm Asyad Group plans to sell shares in its shipping unit through an initial public offering, it said on Wednesday, as part of the Gulf country’s privatisation drive.

Oman state-controlled shipowner Asyad Shipping is to go public. The company plans to list on the Muscat Stock Exchange through an IPO in February. About 20% of the shares will be offered to investors.