Good governance provides a framework that allows the right decisions to be taken by the right people at the right time. It ensures there is accountability and oversight of decision making throughout our organisation.

 
Asyad Shipping is committed to full compliance with the Corporate Governance Code issued by the Financial Services Authority (FSA), together with all applicable local and international laws, regulations, and recognised best practices. The Company upholds high standards of transparency, accountability, and integrity to safeguard shareholders’ rights, enhance stakeholder confidence, and support long‐term sustainability and value creation

Muhsin Alrustom

“Our role as a board is to provide clear direction, uphold strong governance, and ensure the long-term success of the company for all stakeholders.”

Muhsin Alrustom
Chairman
Muhsin has over 15 years of experience in the logistics and maritime sectors and is an established finance professional focused on sustainable value and financial excellence. He is the Chief Financial Officer at Asyad Group, where he has successfully operated and developed financial processes and systems and managed corporate financing, hedging, and liquidity needs. Muhsin serves as a Board Member of Salalah Port Services, Board Advisor, and a Board Member and Chairman of the Audit Committee of Abraj Energy Services. Prior to his current position, he served as the General Manager of Treasury at the Company, following a tenure in Dubai as the Treasury Manager of Oman Trading International, before working in various roles for DP World.
Muhsin holds a Bachelor of Science (BSc) degree in Commerce and Economics (Accounting) from Sultan Qaboos University (Oman) and is also a qualified CMA and ACT Accountant and Treasurer. Additionally, he holds a Diploma in Ship Finance and Vessel Purchase from Lloyd’s Maritime Academy (UK). Muhsin is a member of the Middle East Advisory Board of the Association of Corporate Treasurers and a member of the Advanced CFO’s Group at the United Nations Global Compact CFO Coalition for the Sustainable Development Goals.
Muhsin Alrustom
Chairman
Omar Mahmood Nasser Al Mahrizi

Omar has over 20 years of leadership experience across strategic sectors including logistics, ports, infrastructure, insurance, and corporate transformation. He currently serves as Chief Executive Officer of Asyad Ports and Freezones, where he leads operations that contribute to strengthening the Sultanate of Oman’s positioning as a logistics hub. He has previously held senior leadership roles, including Chief Executive Officer of Sohar Freezone and Deputy Chief Executive Officer of Port of Sohar, as well as Chief Corporate Development and Group General Manager positions within Asyad Group. His expertise includes strategic development, corporate governance, mergers and acquisitions, financial management, and large scale organizational transformation. He has also served on several boards, including as Chairman of MWASALAT and board member of Nama Holding.

Omar Mahmood Nasser Al Mahrizi
Deputy Chairman
Peder Sondergaard

Peder Sondergaard has over 40 years of experience in the maritime industry. He is the Chief Executive Officer of Ancored B.V., a Dutch consultancy company active in the maritime industry, and serves on the boards of Carrix, Ports International and DP World Sokhna. 

 
Peder holds a Masters license as Merchant Marine from the Copenhagen Nautical University (Denmark) and has completed a number of executive education programmes, including at the London Business School (UK), IMD Management School (Switzerland), Cornell University (USA) and Harvard Business School (USA).

Peder Sondergaard
Member
David Stockley

David Stockley has over 45 years of experience in the shipping industry. He is the Founding Partner of CTC Marine Solutions, a boutique shipping consultancy firm. Prior to his current position, David served as Senior Marine Advisor at Asyad Group, Chief Operation Officer at the Company, Chief Operating Officer at Stealth Maritime Corporation and Operations Director at General Maritime Corporation. David started his maritime career as a navigation cadet, being promoted to captain of various vessels up to DWT 500,000.


David graduated from Hull Nautical School with Masters Unlimited and has a Master Class 1 Foreign Going certificate from the Maritime and Coastguard Agency (UK).

David Stockley
Member
Yahya Saif Said Al Busafi

Yahya is a seasoned engineer with over 20 years of experience in the energy, power, utilities, and oil and gas sectors. Yahya currently serves as Country Director for GE Grid Solutions covering Oman and Qatar. He has a strong background in commercial strategy, contract negotiation, business development, and executive leadership across multinational organizations. His experience includes managing large regional operations, leading cross border teams, and overseeing complex projects with significant capital exposure. He holds a bachelor’s degree in chemical engineering and a Master of Business Administration.

Yahya Saif Said Al Busafi
Member