Latest news with #AsyadShipping
Zawya
26-05-2025
- Business
- Zawya
Oman: Asyad Shipping acquires two mega crude tankers
Muscat - Asyad Shipping has announced the purchase of two crude oil tankers, among the largest in the world, with a capacity of up to two million barrels per vessel. This strategic move supports the company's expansion in the energy sector and strengthens its presence in regional and international markets. Emad bin Saeed al Khaduri, Chief Commercial Officer of ASYAD Shipping, emphasized that this investment is part of an integrated plan to expand the shipping fleet and strengthen partnerships with major international oil transport companies. He noted that the two new vessels comply with carbon neutrality standards, supporting Asyad's commitment to sustainability as part of its expansion plans. He said that the company's fleet will include 85 vessels by April 2025, with plans to expand it in the coming years to include new sectors, including the transportation of ethylene and ammonia, in addition to crude oil and gas. He added that the company adopts flexible operating models that include short- and long-term contracts, in addition to spot contracts to meet market demands. He said that Asyad Shipping plans to invest between $2.3 and $2.7 billion as part of its expansion strategy, noting that more than $1 billion has been invested so far, including the purchase of new vessels that will enter service in 2026 and 2027. These include two LNG carriers, four crude oil carriers, and two oil derivative carriers. He added that Asyad Shipping, through its international presence via its trade office in Singapore, achieved outstanding performance in 2024, managing and operating 38 tankers, reflecting the company's operational efficiency and leadership in this sector. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Asharq Al-Awsat
25-05-2025
- Business
- Asharq Al-Awsat
Oman's Asyad Purchases Two Crude Oil Tankers
Oman's Asyad Shipping on Saturday announced the purchase of two crude oil tankers, among the largest in the world, with a capacity of up to two million barrels per vessel. This strategic move supports the company's expansion in the energy sector and strengthens its presence in regional and international markets, according to state news agency, ONA. Emad bin Saeed Al Khaduri, Chief Commercial Officer of Asyad Shipping, said this investment is part of an integrated plan to expand the shipping fleet and strengthen partnerships with major international oil transport companies. He noted that the two new vessels comply with carbon neutrality standards, supporting Asyad's commitment to sustainability as part of its expansion plans. The Chief Officer said as of April 2025, Asyad's fleet includes 85 vessels, with plans underway to further expand into new markets such as ethylene and ammonia transportation, in addition to existing operations in crude oil and liquefied natural gas (LNG). Al Khaduri added that the company adopts flexible operating models that include short- and long-term contracts, in addition to spot contracts to meet market demands. 'Asyad Shipping plans to invest between $2.3 and $2.7 billion in its ongoing expansion,' he said. 'Over $1 billion has already been invested, including in new vessels set to enter service in 2026 and 2027. These additions will include two LNG carriers, four rude oil tankers, and two oil derivative carriers,' Al Khaduri added. He said the company, through its international office in Singapore, successfully managed and operated 38 tankers in 2024, showcasing its operational strength and rising global competitiveness.
Zawya
21-05-2025
- Business
- Zawya
11 GCC IPOs raise $1.6bln, strong momentum in Saudi Arabia
The GCC equity capital market showed strong activity in the first quarter, with 11 IPOs raising a total of $1.6 billion, up from $1.2bn across 10 listings in Q1 2024. This demonstrates continued positive investor sentiment in the region's capital markets, despite prevailing global uncertainties, said PwC Middle East in its IPO Watch Q1 2025 report. Saudi Arabia contributed $1.1 billion, which accounts for 69% of total IPO proceeds. This strong performance stems from three main market listings and momentum on the Nomu parallel market, where six listings raised an additional US$62m, reinforcing the Kingdom's role as a regional engine of capital markets development, the report said. In the UAE, digital transformation and system integrator Alpha Data raised $163 million on the Abu Dhabi Exchange. Oman, meanwhile, made headway in its privatisation journey with the listing of Asyad Shipping on the Muscat Stock Exchange, raising $333 million, demonstrating the region's commitment to diversifying capital markets and unlocking new value for investors. Muhammad Hassan, Capital Markets Leader at PwC Middle East, stated: 'Recent global macroeconomic developments resulting from trade tariffs have had a pronounced impact on both global and GCC equity markets as well as oil prices. Although increased volatility and market uncertainty affects IPO activity in the short term, we remain positive on the long-term outlook of regional capital markets. Therefore, it's imperative that prospective issuers remain prepared to take advantage of potential IPO opportunities.' GCC markets have shown notable resilience, despite external pressures. The S&P GCC Composite Index, for example, recovered from a sharp dip in early April and is now trading just 1% below where it began the year, highlighting regional investor confidence and market stability. Consumer markets were the leading sector in Q1 2025, accounting for 42% of total IPO proceeds. This trend underscores investor interest in retail and lifestyle-driven businesses and signals continued growth in sectors closely aligned with evolving consumer behaviours across the region, the report said. The report also highlights increased activity in the region's debt capital markets. Bond issuance surged to $4.6 billion in Q1 2025, up from $1.6 billion during the same period last year. Sukuk issuance also saw growth reaching $4.1 billion. Notably, 70% of all GCC bonds and sukuks issued during the quarter were issued on Nasdaq Dubai, affirming the emirate's position as a key regional hub for fixed income instruments. - TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
20-05-2025
- Business
- Trade Arabia
11 GCC IPOs raise $1.6bn, strong momentum in Saudi Arabia
The GCC equity capital market showed strong activity in the first quarter, with 11 IPOs raising a total of $1.6 billion, up from $1.2bn across 10 listings in Q1 2024. This demonstrates continued positive investor sentiment in the region's capital markets, despite prevailing global uncertainties, said PwC Middle East in its IPO Watch Q1 2025 report. Saudi Arabia contributed $1.1 billion, which accounts for 69% of total IPO proceeds. This strong performance stems from three main market listings and momentum on the Nomu parallel market, where six listings raised an additional US$62m, reinforcing the Kingdom's role as a regional engine of capital markets development, the report said. In the UAE, digital transformation and system integrator Alpha Data raised $163 million on the Abu Dhabi Exchange. Oman, meanwhile, made headway in its privatisation journey with the listing of Asyad Shipping on the Muscat Stock Exchange, raising $333 million, demonstrating the region's commitment to diversifying capital markets and unlocking new value for investors. Muhammad Hassan, Capital Markets Leader at PwC Middle East, stated: 'Recent global macroeconomic developments resulting from trade tariffs have had a pronounced impact on both global and GCC equity markets as well as oil prices. Although increased volatility and market uncertainty affects IPO activity in the short term, we remain positive on the long-term outlook of regional capital markets. Therefore, it's imperative that prospective issuers remain prepared to take advantage of potential IPO opportunities.' GCC markets have shown notable resilience, despite external pressures. The S&P GCC Composite Index, for example, recovered from a sharp dip in early April and is now trading just 1% below where it began the year, highlighting regional investor confidence and market stability. Consumer markets were the leading sector in Q1 2025, accounting for 42% of total IPO proceeds. This trend underscores investor interest in retail and lifestyle-driven businesses and signals continued growth in sectors closely aligned with evolving consumer behaviours across the region, the report said. The report also highlights increased activity in the region's debt capital markets. Bond issuance surged to $4.6 billion in Q1 2025, up from $1.6 billion during the same period last year. Sukuk issuance also saw growth reaching $4.1 billion. Notably, 70% of all GCC bonds and sukuks issued during the quarter were issued on Nasdaq Dubai, affirming the emirate's position as a key regional hub for fixed income instruments. -
Zawya
20-05-2025
- Business
- Zawya
11 GCC IPOs raise $1.6bln driven by strong momentum in Saudi Arabia, according to PwC Middle East
Diverse mix of companies coming to market in Q1 including privately owned and family businesses Saudi Arabia continues to lead regional IPO activity, contributing to 69% of total GCC IPO proceeds Consumer markets the most active sector in Q1, accounting for 42% of total IPO proceeds Dubai, UAE – PwC Middle East has released its IPO Watch Q1 2025 report, providing a comprehensive analysis of equity capital market activity across the GCC in the first quarter. The report highlights a strong start to the year, with 11 IPOs raising a total of US$1.6bn, up from US$1.2bn across 10 listings in Q1 2024, demonstrating continued positive investor sentiment in the region's capital markets, despite prevailing global uncertainties. Saudi Arabia contributed US$1.1bn, which accounts for 69% of total IPO proceeds. This strong performance stems from three main market listings and momentum on the Nomu parallel market, where six listings raised an additional US$62m, reinforcing the Kingdom's role as a regional engine of capital markets development. In the UAE, digital transformation and system integrator Alpha Data raised US$163m on the Abu Dhabi Exchange. Oman, meanwhile, made headway in its privatisation journey with the listing of Asyad Shipping on the Muscat Stock Exchange, raising US$333m, demonstrating the region's commitment to diversifying capital markets and unlocking new value for investors. Muhammad Hassan, Capital Markets Leader at PwC Middle East, stated: 'Recent global macroeconomic developments resulting from trade tariffs have had a pronounced impact on both global and GCC equity markets as well as oil prices. Although increased volatility and market uncertainty affects IPO activity in the short term, we remain positive on the long-term outlook of regional capital markets. Therefore, it's imperative that prospective issuers remain prepared to take advantage of potential IPO opportunities.' GCC markets have shown notable resilience, despite external pressures. The S&P GCC Composite Index, for example, recovered from a sharp dip in early April and is now trading just 1% below where it began the year, highlighting regional investor confidence and market stability. Consumer markets were the leading sector in Q1 2025, accounting for 42% of total IPO proceeds. This trend underscores investor interest in retail and lifestyle-driven businesses and signals continued growth in sectors closely aligned with evolving consumer behaviours across the region. The report also highlights increased activity in the region's debt capital markets. Bond issuance surged to US$4.6bn in Q1 2025, up from US$1.6bn during the same period last year. Sukuk issuance also saw growth reaching US$4.1bn. Notably, 70% of all GCC bonds and sukuks issued during the quarter were issued on Nasdaq Dubai, affirming the Emirate's position as a key regional hub for fixed income instruments. Read the full report here. About PwC At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We're a tech-forward, people-empowered network with more than 370,000 people in 149 countries. Across audit and assurance, tax and legal, deals and consulting we help build, accelerate and sustain momentum. Find out more at Established in the Middle East for over 40 years, PwC Middle East has 30 offices across 12 countries in the region with 12,000 people. ( PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see for further details. © 2025 PwC. All rights reserved Contact: Sara Hout | More details: @PwC_Middle_East on LinkedIn and Twitter
