Omani "Asad for Maritime Transport" Suggestions at its maximum limit

It is likely that the launch of the logistics group supported by the Omani Sovereign Fund will be priced at the maximum limit to collect $ 128.1 million rows ($ 332.7 million). The group “Asiad” is scheduled to sell a 20% stake in the “Asiad Maritime Transport” business at a price of 123 Baza per share, according to the terms of the agreement that Bloomberg saw, which is the upper limit of the price range of subscription, which begins with 117 Baisa, and an evaluation of $ 1.66 billion. The offer attracted major investors, including Mars development and investment, and Falcon investments of the Qatar Investment Authority. “Asad for Maritime Transport” was offered as part of the privatization plan in Oman, and “Asad Maritime Transport” is the latest company supported by the state offered within the framework of the large -scale privatization program in the Sultanate of Oman, which includes plans to sell shares in 30 businesses. While the volume of provisional public subscriptions to the traditionally calm Muscat Stock Exchange exceeded its counterpart last year -thanks to the record of a record that amounts to $ 2.5 billion of two listings by the National Energy Company, the recent Omani subscriptions were relatively poor returns. Asiad Maritime Transport, founded in 2003 and has a fleet of 89 ships that serves more than 60 countries to pay annual profits of $ 150 million in 2025 and 2026. Sahar International Bank manages the offer, while JP Morgan, Jeffrez Financial Group, Hermes Financial Group and the Omani Investment Bank play the role of joint world coordinators. “Credit Agricole” and “Societe Generale” will play the role of the subscribers for subscription.