The International Maritime College Oman (IMCO) was established on 24 April 2005 as a partnership between the Government of the Sultanate of Oman, majority shareholder of 70%, and the STC Group of Rotterdam. In 2018 ASYAD Group became the shareholder of IMCO representing the Omani Government.
In 2020, ASYAD acquired 100% of the shares becoming the sole shareholder of IMCO. In 2022 Oman Investment Authority decided to divest IMCO and the National University for Science & Technology (NU) acquired it from ASYAD Group. IMCO became the fourth college of NU.