Oman’s premier global logistics provider, Asyad Group has taken possession of Skybridge Freight Solutions (SFS), a premier global freight forwarding company. The acquisition marks the group’s first overseas acquisition in core logistics, which will be instrumental in expanding Asyad’s logistic network in countries like India, China, USA and the GCC. The SFS’ dynamic network covers more than 90 geographies across the globe. With the acquisition of SFS, Asyad Group aims to compete in the global marketplace by enhancing its end-to-end capabilities in providing highly advanced multimodal logistic services. This acquisition would further strengthen Asyad’s supply chain and e-commerce capabilities in the global logistics sector. Asyad Group is taking giant strides in the global logistics sector as it generated a 21% compound annual growth rate in revenue and 73% compound annual hrowth rate in profits in 2023.
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