Asyad Shipping (Ticker: ASCO OM), an Omani shipping company and subsidiary of state-controlled logistics firm Asyad Group, is expected to list on the Muscat Stock Exchange on or around March 12, 2025. The IPO raised approximately $333 million, pricing at the top end of the indicative range. The company's market capitalization upon listing will be about $1.7 billion. Asyad Group sold at least 20% of Asyad Shipping's total issued share capital, over 1 billion shares. 75% of shares in IPO were for institutional investors. Anchor investors include a unit of the Qatar Investment Authority and a local investment firm, Mars Development and Investment, owned by the Omani Government. Established in 2003, Asyad Shipping operates a fleet of around 90 ships.

OQ Exploration and Production (OQEP) is the exploration and production arm of Oman’s state oil group. The company raised $2.03 billion from its IPO, pricing shares at the top of its 370-390 baiza range. OQEP is floating around 2 billion shares, representing 25% of the company. The offering was oversubscribed by about 2.7 times, including participation from anchor investors. The listing, part of Oman’s privatization strategy, will give OQEP a market capitalization of approximately $8.1 billion.

Shares are expected to begin trading on the Muscat Stock Exchange on or around October 28, 2024.

OQGN OM

Exp Price Range OMR 0.131 - 0.14

Filing Amount OMR 297.08M

Shares Offered 2.12B

ABRJ OM
Exp Price Range OMR 0.242 - 0.249
Filing Amount OMR 93.97M
Shares Offered 377.40M

Ticker pending
Price Range OMR 0.242 - 0.249
Number of shares 377.4M
Offer Size OMR 60.76M