Asyad Shipping, a shipping company in Oman, announced on Tuesday that it will have as anchor investors a subsidiary owned by Qatar Investment Authority (QIA) and a local investment group owned by the Omani Government.

Asyad Shipping - which transports liquefied gas (LNG), oil, and other products - announced in a press release that it would offer 1.042 Billion shares, worth more than 128 Million Rials ($332.48 Million) between February 20 and 27.

QIA’s Falcon Investments, and the Omani Government’s Mars Development, will respectively subscribe for 20% of the offering and 10% at 123 Baisas each share.

Asyad expects its shares to be listed on the Muscat stock exchange "around 12 March". (Reporting and editing by Jan Harvey, Susan Fenton and Menna Alaa el-Din)

(source: Reuters)