Renaissance Services SAOG holds AGM, EGM

DUBAI — The shareholders of Renaissance Services SAOG held an Annual General Meeting (AGM) at the Muscat Securities Market (MSM) Meeting Hall, where they approved the company's annual report for 2005. The company has reported record results for the year achieving revenue of $276.4 million, EBITDA of $73.9 million and net profits of $36.1 million.

By A Staff Reporter

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Published: Thu 30 Mar 2006, 9:52 AM

Last updated: Sat 4 Apr 2015, 3:40 PM

The company has also delivered considerable Shareholder Value during the year.

Net worth is up from $64.7 million to $178.3 million and the company's Market Capitalisation increased from $ 101.3 million to $308 million.

Shareholders also approved a cash dividend of 25 per cent at the meeting.

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