Renaissance shareholders approve bond buyback scheme

07/07/2015 04:10 AST

Shareholders of Renaissance Services have approved the company's Mandatory Convertible Bonds (MCB) buyback scheme and the issuance of perpetual notes to buyback the MCBs at an extraordinary general meeting here on Monday.

Renaissance held meetings with its shareholders and bondholders to discuss a scheme to give holders of its MCBs the option to choose cash instead of shares.

The perpetual notes could be issued both in United States dollar and in Omani rial.

"Renaissance is taking this step because the buyback of MCBs is good for the company's shareholders, MCB holders and for the company. The buyback gives MCB holders the choice to take cash instead of shares and so avoid any risks associated with share price volatility and liquidity," said Samir J. Fancy, chairman of Renaissance Services.


Times of Oman

News

Renaissance shares resume trading on Muscat bourse

30/06/2015

Oman's Muscat Securities Market (MSM) resumed trading of Renaissance Services shares on Monday, revoking an earlier trading suspension clamped on Thursday afternoon.

Renaissance Services l

Times of Oman

Renaissance confident of meeting long-term growth

29/06/2015

Renaissance Services is an Omani multinational firm listed firm on the Muscat Securities Market (MSM), with a strong presence in oil servicing field. The company's chief financial officer (CFO) Visha

Times of Oman

Topaz eyes expansion into South America

28/06/2015

Topaz Energy and Marine is eyeing expansion into South America in the next two years as the Dubai-based oil services firm looks beyond the current difficulties in the sector caused by the lower oi

Times of Oman

Most Viewed Companies

Ticker Price Volume

Valuation

RNSS Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
OQEP 0.48 0.00 (0.00%)
OTEL 1.34 0.00 (0.00%)
OQGN 0.22 0.00 (0.00%)
PHPC 0.28 0.01 (3.70%)
ABRJ 0.41 0.01 (2.50%)

Recent News

Alba launches new Code of Conduct to bolster integrity, accountability

25/09/2026

Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, today (September 23) marked the launch of its enhanced Code of Conduct during a ceremony attended by Shaikh Isa bin Khalid

Trade Arabia

Estithmar Holding Q.P.S.C Announces Elegancia C&I Awarded Contract

25/09/2026

Estithmar Holding Q.P.S.C. announced that Elegancia Contracting and Industries, part of Estithmar Holding, has been awarded the turnkey delivery of MEEZA's newest data center. The contract, valued at

Gulf Times

RSG, Dr Sulaiman Al Habib Medical Group open The Red Sea Hospital

25/09/2026

Red Sea Global (RSG), the developer behind regenerative tourism destinations The Red Sea and AMAALA, today inaugurated The Red Sea Hospital in strategic partnership with Dr Sulaiman Al Habib Medical

Trade Arabia

BAAN breaks ground on 2,600-sq-m family entertainment facility in Jeddah

25/09/2026

BAAN Holding Group, one of Saudi Arabia's leading hospitality companies, has announced that it has broken ground on Playocity, a key family entertainment facility, being developed in partnership with

Trade Arabia

GAS Arabian gets go-ahead for transfer of 50pc stake in FS Elliott JV

25/09/2026

GAS Arabian Services Company had announced that it has received the go-ahead from the company's board of directors for the transfer of its entire 50% stake in joint venture FS Elliott Services Saudi

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap