Oman's Asyad Group plans an IPO for its subsidiary Asyad Shipping Co by year-end, focusing on LNG transportation.
Oman's Asyad Group, a state-owned logistics firm, plans an IPO for its subsidiary Asyad Shipping Co by year-end with Jefferies Group and EFG Hermes as advisors. Asyad Shipping focuses on LNG transportation. The IPO aligns with Oman's strategy to privatize and improve debt affordability under Sultan Haitham. Moody's recently raised Oman's credit rating and the country aims to upgrade to investment grade.
July 04, 2024
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