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  • Writer's pictureTeam CargoTalk

IPO for logistics firm soon, Oman strengthens divestment strategy  



The Oman Investment Authority (OIA) is planning an initial public offering (IPO) for logistics firm Asyad Group, as the Sultanate strengthens its divestment strategy, according to company website.


The OIA has connected with banks to pitch for the share sale. According to Asyad’s website, the state-owned transport group is a US$4 billion enterprise. Its assets include three deep ports, one dry port, two free zones, an economic zone, and a fleet of more than  80 vessels. 


The company also operates a delivery services arm through Asyad Express. Last year, OQ Gas Networks SAOC raised US$772 million in an IPO, one of the largest recorded in Oman.

 

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