The Omani Asyad Group has announced the launch of an offer for the sale of at least 20% of the share capital of the wholly-owned subsidiary Asyad Shipping Company, a company founded in 2003 that has a fleet of 89 vessels for the transport of all the main types of goods including containers, the latter through the subsidiary Asyad Line Co. (ASL). The project involves the listing of Asyad ordinary shares Shipping on the Muscat Stock Exchange market.

In the 2023 financial year, the Asyad Shipping Company Recorded Time Charter Base Revenues of $732.5 Million on a total turnover of €944.7 million, while in the first nine months in 2024, base time charter revenues amounted to €613.3 million ($551.6 million in the same period of 2023) on a total turnover of 713.9 million (713.3 million).