04 Oct, 2015
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 and ship building services in the Middle East...Read More
27 Sep, 2015
Renaissance Services SAOG subsidiary, Topaz Energy and Marine (“Topaz”), a leading international offshore support vessel company,today announces the acquisition of twomodern Subsea vesselsfrom VardBrattvaag in Norway at a purchase priceof approximately US$115 million...Read More
14 Sep, 2015
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 the second repurchase. The Company has already transferred coupon to Muscat Clearing and Depository SAOC (‘MCD’) for those MCB holders who have participated in the second repurchase. The MCB holders who didnot participate in this Repurchase Scheme will be paid annual coupon on August 6, 2016, as set out in Section VII - Terms and Conditions of the Issue of the MCB Prospectus.
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