# Asyad Group prices $132 million stake sale in Asyad Shipping

- **Source:** https://pelavox.com/asyad-shipping-stake-sale-132-million/
- **Publisher:** pelavox. (The voice of shipping)
- **Author:** Jason Nicholson
- **Published:** 2026-10-28T15:00:00+00:00
- **Updated:** 2026-10-27T19:30:29+00:00
- **Section:** Markets
- **Type:** News
- **Topics:** Asyad Group, Asyad Shipping, Muscat Stock Exchange, Oman, Shipping Investment

Oman’s Asyad Group has priced the institutional tranche of an additional share offering in Asyad Shipping Company at 195 baisas per share, generating gross proceeds of approximately OMR 50.8 million ($132 million).

According to an [official disclosure published on the Muscat Stock Exchange](https://www.msx.om/details.aspx?b1=News&i=117194&t=News) on 25 October 2026, the institutional bookbuilding process has closed, with demand exceeding the number of shares offered. The transaction involves existing ordinary shares held by Asyad Group, rather than the issuance of new shares by Asyad Shipping.

The institutional tranche represents 5% of Asyad Shipping’s issued share capital. Upon completion, the transaction will increase the company’s free float to 25%, meeting the minimum requirement established by Oman’s Financial Services Authority (FSA).

Asyad Shipping confirmed that it will not receive any proceeds from the offering, with the approximately OMR 50.8 million raised through the institutional tranche going to its parent company, Asyad Group.

The transaction forms part of a [previously announced offering](https://www.msx.om/details.aspx?b1=News&i=117086&t=News) of up to 6.25% of Asyad Shipping’s issued share capital, comprising the 5% institutional tranche and a retail tranche of up to 1.25%.

The retail offering will be conducted at the same fixed price of 195 baisas per share. Subject to regulatory approval, Asyad Shipping will publish an offering circular outlining the subscription arrangements and timetable.

Following completion of the offering, the remaining shares held by Asyad Group will be subject to a 180-day lock-up period beginning on the institutional tranche’s settlement date.

Oman Investment Bank and Sohar International Bank have been appointed as joint global coordinators and issue managers for the transaction.

Settlement and listing of the institutional shares are expected on 4 November 2026, according to the company’s earlier disclosure.

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Cite as: "Asyad Group prices $132 million stake sale in Asyad Shipping", pelavox., 28 October 2026, https://pelavox.com/asyad-shipping-stake-sale-132-million/