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.