Renaissance Services SAOG (RSBA)

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News

24 May 2017 02:41 PM Topaz Energy and Marine turns to losses in Q1

Mubasher: Topaz Energy and Marine, a subsidiary of Renaissance Services, reported that it turned to losses in the first quarter of 2017, according to financial statements. Net losses stood at $3.3 million in Q1-17, against profits of $2 million in …

Financial Results

13 April 2017 11:33 AM Renaissance Services turns to losses in Q1

Mubasher: Renaissance Services Company on Thursday reported losses in the first quarter of 2017, against profits in the same period of 2016, according to its unaudited financial statements. Renaissance’s losses amounted to OMR 1.05 million ($2.71 …

Financial Results

27 March 2017 04:19 PM Topaz Energy losses increase 52% in Q4

Mubasher: Topaz Energy and Marine Company, a subsidiary of Oman's Renaissance Services Company, on Monday reported a 51.9% rise in its losses in the fourth quarter of 2016. Topaz losses amounted to $97.8 million in Q4-16 compared to $64.4 million …

Financial Results

12 January 2017 09:45 AM Renaissance Services Q4 losses deepen 45%

Mubasher: Renaissance Services reported on Thursday an increase of 44.9% in its losses for the fourth quarter of fiscal 2016 to OMR 42.6 million ($110.26 million), versus OMR 29.41 million ($76.12 million) for Q4-15. Net losses for the fiscal year …

Financial Results

13 October 2016 10:49 AM Renaissance Services Q3 financials turn profitable

Mubasher: Renaissance Services achieved profits worth OMR 864,000 ($2.24 million) in the third quarter this year against losses of OMR 617,000 ($1.6 million) in the same period of 2015. The overall sales of the firm decreased 12.32% to OMR 157.2 …

Financial Results

25 September 2016 09:54 AM Renaissance Services unit bags $30m contract

Mubasher: Renaissance Services Company said Sunday that its fully-owned subsidiary Topaz Energy and Marine Company has signed a contract worth $30 million with a consortium comprising Blue Water Shipping A/S and Kazmortransflot (KMTF), in …

Companies Investments

1 September 2016 10:55 AM Topaz 3 vessels detained in Nigeria

Mubasher: Topaz Energy and Marine, a subsidiary to Renaissance Services Company, said Thursday that three vessels were detained by the Nigerian authorities and restricted from moving out and trading in Nigeria by the High Court in the city of Port …

Companies Investments

14 July 2016 11:14 AM Renaissance Services trims Q2 losses

Mubasher: Renaissance Services Company cut its losses by 99% year-on-year during the second quarter of 2016, according to a bourse statement. Losses stood at OMR 30,000 ($77,660) in Q2-16, compared to OMR 3.13 million ($8.1 million) in Q2-15. Net …

Financial Results

12 July 2016 10:30 AM Renaissance Services plans repurchasing 3rd tranche of MCBs

Mubasher: Renaissance Services Company announced on Tuesday its desire to repurchase the third and final tranche of Mandatory Convertible Bonds (MCBs) at a price of OMR 0.149 from its MCB holders. The company also said that it has successfully …

Bonds

12 May 2016 10:03 AM Renaissance Services’ unit bags $350 vessel deal

Mubasher: Renaissance Services Company announced on Thursday that its subsidiary Topaz Energy and Marine, has won a contract, in a consortium led by Blue Water Shipping A/S,  to supply and operate 15 vessels for Kazakhstan’s  Tengizchevroil …

Companies Investments

14 February 2016 01:29 PM Renaissance Services turns to losses in Q4-15

Mubasher: Renaissance Services Company posted on Sunday net losses of OMR 29.4 million in the fourth quarter of 2015, versus a net profit of OMR 8.32 million in the same period of 2014. Annual losses reached OMR 30.027 million last year, compared …

Financial Results

4 October 2015 10:51 AM Renaissance Services divests UAE firm for $18.5m

Mubasher: Renaissance Services has entered into an agreement to exit its stake in Topaz Engineering Limited (TEL) and its subsidiaries which provide marine engineering and ship building services in the Middle East. Chalmers Holdings Limited bought …

Companies Investments

4 October 2015 08:34 AM Renaissance divests Abu Dhabi Marine Engineering subsidiary for US$18.5M

Renaissance divests Abu Dhabi Marine Engineering subsidiary for US$18.5M Renaissance Services is pleased to announce it has entered into an agreement to divest Topaz Engineering Limited (TEL) and its subsidiaries which provides marine engineering …

27 September 2015 09:07 AM Topaz buys two vessels worth $115m

Mubasher: Topaz Energy and Marine, owned by Renaissance Services, acquired two modern subsea vessels from Vard Brattvaag in Norway at a purchase price of approximately $115 million, according to a bourse filing. The vessels will be of “VARD 3 08” …

Companies Investments

27 September 2015 08:19 AM Topaz reinvests in Subsea fleet with Vard

Topaz reinvests in Subsea fleet with Vard 27 September, 2015, Dubai, UAE: Topaz Energy and Marine (“Topaz”), a leading international offshore support vessel company, today announces the acquisition of two modern Subsea vessels from Vard Brattvaag …

14 September 2015 02:55 PM Oman’s Renaissance Services finishes MCB buyback

  Mubasher: Renaissance Services announced on Monday that it has successfully completed the repurchase of the second tranche of mandatory convertible bonds (MCBs). “Over 97% of the MCB holders (net of treasury holding) have opted to participate in …

Bonds

14 September 2015 08:22 AM Announcement for Reclassification of Renaissance MCBs

Announcement for Reclassification of Renaissance MCBs Renaissance has successfully completed the repurchase of second tranche of Mandatory Convertible Bonds (MCBs). Over 97% of the MCB holders (net of treasury holding) have opted to participate in …

25 August 2015 08:22 AM TIMELINE TO SUBMIT MCB SALE AUTHORIZATION FORM BETWEEN WEDNESDAY, AUGUST 26, 2015 TO TUESDAY, SEPTEMBER 1, 2015

TIMELINE TO SUBMIT MCB SALE AUTHORIZATION FORM BETWEEN WEDNESDAY, AUGUST 26, 2015 TO TUESDAY, SEPTEMBER 1, 2015 In accordance with the resolution passed at the General Meeting of the Holders of the Mandatory Convertible Bonds (MCBs) held on July …

13 August 2015 00:11 PM Financial Disclosure By Renaissance's Marine Subsidiary Topaz

Renaissance Services SAOG (the “Company”), announces that its subsidiary Topaz Energy and Marine (“Topaz”) has published on its webpage the financial results for the six months ended 30th  June, 2015. The full results are available on the web link …

11 August 2015 09:55 AM Renaissance Services turns to losses in H1

Muscat-Mubasher: Renaissance Services turned to losses of OMR 1.9 million ($4.9 million) in the first half of 2015, against profits of OMR 10.9 million ($28.3 million) in the same period of 2014, the Omani multinational company said in a bourse …

Company News

11 August 2015 08:54 AM Renaissance Declares H1 2015 Interim Results

Renaissance Services SAOG would like to announce  that the unaudited financial statements for the 6 months period ended 30th June 2015 and the Chairman’s report have been posted on the website of Muscat Securities Market   Financial Performance: …

10 August 2015 08:26 AM Invitation to conference call on Renaissance SAOG H1 2015 results

Invitation to Conference Call on H1 2015 Results  Renaissance Services SAOG invites its shareholders, investors and all stakeholders of the public interest to a conference call with the company’s management, headed by Mr. Stephen R. Thomas, Group …

9 August 2015 08:46 AM Announcement for Repurchase of Second Tranche of Mandatory Convertible Bonds

Proposal Renaissance has successfully completed the repurchase of first tranche of Mandatory Convertible Bonds (MCBs). In accordance with the Resolution passed in the General Meeting of the holders of the Mandatory Convertible Bonds on July 6, …

27 July 2015 09:41 AM Renaissance Services offers MCB sale till 30 July

Renaissance Services said it started repurchasing one-third of the total Mandatory Convertible Bonds (MCBs) at a price of OMR 0.170 per MCB. The company clarified on a bourse filing on Monday that MCB holders who are interested in selling their …

Company News

27 July 2015 08:18 AM TIMELINE TO SUBMIT MCB SALE AUTHORIZATION FORM BETWEEN SUNDAY, JULY 26, 2015 TO THURSDAY JULY, 30, 2015

TIMELINE TO SUBMIT MCB SALE AUTHORIZATION FORM BETWEEN SUNDAY, JULY 26, 2015 TO THURSDAY JULY, 30, 2015 In accordance with the resolution passed at the General Meeting of the Holders of the Mandatory Convertible Bonds (MCBs) held on July 6, 2015, …