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Renaissance Services has finalised the equity partnership for its OR75m Permanent Accommodation Project in the Duqm Special Economic Zone.
Stephen Thomas, CEO of Renaissance Services, said, “Renaissance is delighted to have attracted investors from all our …Read full article » : Thursday, January 08 - 2015 @ 10:28
Renaissance Services has awarded the two main construction packages for the Duqm permanent accommodation for contractors (PAC) project to S&T and Al Hajiry.
With OR100m of investment, Renaissance Services and its partners believe the accommodation project …Read full article » : Wednesday, October 01 - 2014 @ 12:58
The proposed capital raise will strengthen the company’s balance sheet and will also provide the required growth capital for investments in its core businesses.The company’s Marine and Contract services businesses have grown significantly over the …Read full article » Oman: Tuesday, July 10 - 2012 @ 15:35
The Issue Price has been fixed at OR0.102 for each MCB, including face value of OR0.100 and Baizas 2 as Issue Expenses. The subscription period is from 10 July 2012 to 24 July 2012 and …Read full article » Oman: Saturday, July 07 - 2012 @ 16:48
The results are subject to audit by the external auditors and approval of the company’s Audit Committee, Board of Directors and Shareholders.
Renaissance is expected to post revenues of OR290m ($754m), up by more than 14% …Read full article » Oman: Thursday, February 16 - 2012 @ 09:56
The offering will be open to current shareholders and new investors through private placement. The proceeds will be used to fund the company’s expansion plans, primarily in the Marine business in the GCC and Caspian …Read full article » Oman: Wednesday, December 28 - 2011 @ 10:18
Samir J. Fancy, Renaissance founder and chairman, said in his statement to shareholders that the company was at the threshold of a “transformational change” and described the opportunity as a “seminal moment”.
In the statement, …Read full article » Oman: Monday, March 07 - 2011 @ 11:35
Renaissance is expected to post revenues of OR253m, up from OR248m in 2009, and net profit is predicted at OR32.3m up from OR28.5m in the preceding year. The net profit of 2010 includes a capital …Read full article » Oman: Sunday, February 13 - 2011 @ 12:59
Renaissance Services, an Omani-based oil and gas services multinational company listed on the Muscat Securities Market (MSM), announced to the MSM yesterday that it paid Dhs56m for the purchase of Al Wasita Emirates.
Al Wasita …Read full article » Oman: Monday, December 20 - 2010 @ 14:42
Mezzanine financing is a unique and advantageous form of tier II funding capital that is treated like equity and offers an opportunity to enhance return for investors and the company’s shareholders.
BankMuscat, Oman’s leading financial …Read full article » Oman: Monday, November 29 - 2010 @ 13:18