In a decisive move to reinforce market confidence, wholly state-owned integrated logistics enterprise Asyad Group SAOC has acquired 21,591,628 shares of newly listed Asyad Shipping SAOG at an average price of RO 0.123 per share. The transaction, carried out through Ubhar Capital SAOC, Asyad’s designated market stabilizer and liquidity provider, underscores the company’s commitment to...

Oman Flour Mills (OFM), one of the largest integrated food companies in the Sultanate of Oman, has launched a series of strategic projects, reinforcing its commitment to strengthening food security while expanding its global footprint. These initiatives form part of a comprehensive strategy aimed at securing strategic grain reserves, diversifying procurement sources, and enhancing food...

Newly-listed national shipping company Asyad Shipping recorded a net profit of RO 51.6 million for the year ended December 31, 2024, compared to net earnings of RO 39.5 million for the previous year. Announcing its maiden financial report since its successful initial public offering (IPO) and subsequent listing on the Muscat Stock Exchange (MSX) last...

Oman is set to strengthen its position as a regional hub for medical supplies with the upcoming launch of a state-of-the-art medical glove manufacturing facility in Sohar Freezone. The plant, expected to be commercially operational by Q2 2025, will be among the first operational entities within the Sohar Freezone medical cluster, aligning with Oman’s Vision...

The Muscat Stock Exchange (MSX) has affirmed its commitment to stimulating the market and enhance the investment environment to attract more local and international investments, thereby contributing to the overall growth of the Omani economy. Addressing the local media on Tuesday, February 11, 2025, Haitham al Salmi, CEO of the Muscat Stock Exchange, stated, “We...