(Bloomberg) – Record transport of $ 2.5 billion in new actions sales helped the Leapfrog markets of Oman as the United Kingdom last year, but sultanate faces an early test of the ‘ Investors appetite in 2025.
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The plan of the Asyad group, supported by the Oman Investment Authority, to sell at least a 20% stake in its shipping unit is aimed at the backdrop of the deaf start for first two public offers, including the most Big muscat agreement never achieved. The IPO of Asyad Shipping Co. will also indicate the government’s ability to execute its disinvestment program, for which it has affected around 30 assets.
“The success of Asyad will be an essential catalyst for many more IPOs in the Sultanate,” said Nishit Lakhotia, head of research at the Sico Bank. The recent omani offers have disappointed investors seeking to make quick gains from the list of actions to return actions, he added.
OQ Exploration & Production The shares of SAOG have dropped by 17% since their registration in October, while OQ Base Industries SAOG shares have been largely stable since its inception last month. Companies that became public in 2023 also had trouble – OQ GAS NETWORKS SAOC is down 6% and Abraj Energy Services Saog is negotiated almost 4%.
The low prices for energy prices may have huddled the recent OMAN OMAN EXPOSED, which were linked to the oil and chemical sectors, according to Hasnain Malik, Emerging Stratege and Border Markets at Tellimer.
Since October, the MSX 30 reference index of Oman has dropped by 3%, while the combined index of MSCI GCC countries has earned almost 4%and that future gross of Brent increased by 7.5%.
Asyad Shipping provides marine transport services for key exports, which makes the company “relatively safe and sticky”, according to Lakhotia. A generous dividend policy can also help attract investors, he said.
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Learning curve
Oman has a few years behind Saudi regional peers and the United Arab Emirates in his divestment program and his efforts to develop his capital markets. The Muscat Stock Exchange is among the smallest scholarships in the region, with a market capitalization of just over $ 31 billion, according to data compiled by Bloomberg.
In August, the country’s capital market regulator approved measures to stimulate the lists of the private sector and secondary liquidity. “The reforms are all in place to act as a catalyst,” said Lakhotia.
