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In a decisive move to reinforce market confidence, wholly state-owned integrated logistics enterprise Asyad Group SAOC has acquired 21,591,628 shares of newly listed Asyad Shipping SAOG at an average price of RO 0.123 per share.
The transaction, carried out through Ubhar Capital SAOC, Asyad’s designated market stabilizer and liquidity provider, underscores the company’s commitment to maintaining liquidity and price stability.
But what does this really mean for shareholders and the market? Oman Observer spoke to Ahmed Al Mawali, an expert at Ubhar Capital, to break it down.
According to Al Mawali, the share buyback reflects Asyad’s long-term vision for growth. “By repurchasing shares, the company is optimizing its capital structure and reinforcing market confidence. This not only improves liquidity but also stabilizes share prices, sending a strong signal that Asyad Group believes in its long-term potential.”
While speculation about further acquisitions is natural, Al Mawali clarified: “At this stage, there are no immediate plans for additional buybacks. However, the company is always monitoring market conditions and strategic opportunities to ensure optimal capital allocation in line with its financial goals.”
Given the strict financial oversight in Oman, Al Mawali reassured investors that the buyback process adhered to Financial Services Authority (FSA) regulations.
“The acquisition was conducted with full compliance, following all necessary approvals, disclosure requirements, and governance protocols to ensure transparency.”
This strategic buyback is more than just a numbers game—it’s about shaping the future. Asyad Shipping remains committed to market stability and long-term growth, strengthening its position as a key player in the regional and international maritime sector, he added.
Last week, Asyad Shipping Company SAOG, a global leader in deep-sea transportation, successfully listed on the Muscat Stock Exchange (MSX) on Wednesday, March 12, 2025, following the completion of its IPO. The company raised around RO 128.1 million (equivalent to $332.8 million) from domestic and international investors. A total of 1,041,748,856 ordinary shares were offered to investors, representing 20 per cent of the company’s total issued share capital. The offer price was set at 123 baizas per share, with Asyad Shipping’s market capitalization at approximately RO 641 million ($1.66 billion).