The Omani "Masters" is looking forward to raising $ 333 million for the launch of the maritime transport arm

A group supported by the Omani Sovereign Fund attempts to raise up to $ 128.1 million ($ 33.7 million) from the initial public offering of the work of the maritime transport unit. The group “Asiad” is on its way to selling a 20% stake in the unit, or about 1.04 billion shares, at a price of between 117 baisa and 123 baisas per share, according to a statement issued on Tuesday. On the upper boundary of this series, the evaluation of the company “Aseed Maritime Transport” will amount to $ 1.66 billion. Read more: “Asad” was submitted to a decisive test after attracting Oman’s subscriptions $ 2.5 billion. The offer attracted major investors as the company undertook “Mars Development and Investment” to subscribe to 10% of the offer, and the Falcon Investments business committed the Qatar Investment Authority to subscribe to 20% of the transaction at a price of 123 baisa per share. He is expected to start trading in Muscat in Muscat on March 12. Oman plans to offer shares from government that Oman plans to offer shares in 30 origin supported by the state as part of its plans to offer capital markets, including the Omani electricity transfer business. Last year, the volumes of primary public subscriptions in Muscat exceeded its counterpart in London after raising a record $ 2.5 billion by listing two units of the state enterprise business “or Q” (OQ). However, the last Omani infections have seen relatively poor returns, and analysts say that the plans of ‘masters’ to launch the maritime transport unit for public subscription will test the sultanate’s ability to implement a large scale privatization program. The “Asiad” group has more than $ 4.1 billion in the form of shares for marine services, ports, free zones, logistics and public services. Asiad Maritime Transport was founded in 2003 and the Navy consists of 89 ships and serves more than 60 countries. 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 General” will play the role of the subscribers for subscription.