Asyad Group, represented by Oman Post and Asyad Express, has forged an investment partnership with Wujha Real Estate Development Company and Bayan Investment House. This initiative perfectly aligns with Asyad Group's strategy to actively involve the private sector in the development and investment of its assets.

• The agreements embody Asyad Group's strategic pursuit of asset optimization through private sector collaborations.
• The investment partnership is in line with the vision of Oman Post and Asyad Express to provide value to its clients and achieve sustainable returns.

Muscat | 31 October 2023: Asyad Group, represented by Oman Post and Asyad Express, has forged an investment partnership with Wujha Real Estate Development Company and Bayan Investment House. This initiative perfectly aligns with Asyad Group's strategy to actively involve the private sector in the development and investment of its assets.

The signed agreements translate Asyad Group's comprehensive land investment strategy, strategically designed to enhance its assets through Design, Build, Finance, Operate, and Transfer (DBFOT) arrangements with private entities. As part of the agreements, the two real estate companies will invest in two of Asyad’s strategically significant locations in Bausher and Amerat.

Sheikh Ibrahim bin Sultan Alhosni, the Acting CEO of Oman Post and Asyad Express, underscored the paramount significance of this collaborative venture with the private sector. According to Alhosni, it perfectly aligns with the overarching strategies of Asyad Group as a whole and, in particular, those of Oman Post and Asyad Express. These strategies are aimed at broadening the investment portfolio by forging new revenue streams, augmenting the value of fixed assets, and elevating the quality of office spaces to improve the customer experience.

Alhosni emphasized that the formalization of agreements with Wujha Real Estate Development Company and Bayan Investment Company, widely regarded as leading entities in the Sultanate's real estate development sector, will not only create new revenue streams but also reinforce the Oman Post and Asyad Express prominent stature within Oman's top-tier asset development landscape.

"Having successfully delivered projects under similar agreements, we express our gratitude to Oman Post and Asyad Express for their trust and confidence again in Bayan Investment House. It is an honor to be chosen as a strategic partner, and we are fully committed to delivering exceptional results that exceed expectations. Bayan Investment House is a fully integrated real estate and investment company with success in developing turnkey projects and delivering results" said Sheikh Fahad bin Mohamed Al Khalili, CEO of Bayan Investment House.

Ali bin Sultan Al-Hashmi, CEO of Wujha Real Estate Development, affirmed that this agreement will play a significant role in stimulating investment and development by optimizing the utilization of these lands and enhancing their economic and commercial benefits for the region. Wujha Real Estate Development is committed to contributing to the realization of Oman's future vision by leveraging its extensive experience and practical knowledge in the real estate field, while upholding its commitment to global practices, expertise, and quality services.

This strategic move reaffirms Asyad Group's commitment to its expansion strategy, underpinned by active private sector involvement, aligning with its overarching aspirations to realize the objectives set forth in Oman Vision 2040. This long-term (25-year) partnership stands poised to significantly augment Asyad Group’s asset portfolio, optimize asset utilization, generate supplementary revenue streams, and yield substantial cost savings in maintenance expenditures.