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Renaissance Services OKs cash dividends

Renaissance Services OKs cash dividends
Photo Credit: Arabianeye-Reuters
Renaissance
RNSS
-5.07% 0.41 -0.02

 

Oman – Mubasher: Renaissance Services said that its ordinary general meeting has approved a 10% cash dividend for 2014, amounting to 10 baisa per share, according to a filing to the Muscat Securities Market (MSM).

The company reported annual profits of OMR 25.4 million ($66.2 million) compared to OMR 18.8 million ($49 million) in 2013.

Renaissance operates within the energy sector focusing on energy. It has 11 subsidiaries operating across Oman, the UAE, Thailand and Saudi Arabia.

Renaissance Services’ capital amounts to OMR 28.2 million divided on 282.09 million shares at par value of OMR 0.1 per share.