Renaissance celebrates 25th anniversary of IPO

July 4, 2021

Renaissance Services (MSX: RNNS), Oman's first family-owned company to be listed on Muscat Stock Exchange (MSX) marked the 25th anniversary of its IPO in June 2021. Renaissance completed its IPO in 1996 and is part of MSX 30 Index.

Commemorating the 25th anniversary of going public, Samir J Fancy, Chairman, Renaissance Services presented a memento as a token of appreciation to MSX for their support on this journey. He said, "This is a moment of pride for the board, management team and all the employees of Renaissance. Our success has been possible only with the invaluable support from all stakeholders. We have been privileged to earn the trust and confidence of shareholders, thanks to a robust process, disciplined approach, good corporate governance, transparent reporting and a collaborative culture. We celebrate this milestone together and look ahead to meeting the opportunities and challenges to come.”

Receiving the memento, Haitham bin Salem Al-Salmi, CEO, MSX, said, “Congratulations to Renaissance on its strong performance over the last 25 years. We believe that such leading corporations reinforce the role of the securities market in contributing to economic and social development. We are certain that Renaissance’s approach to adopting best practices in financial management and building trusted relationships with shareholders will inspire other listed companies as we march into the next phase of national growth.”

Over this 25-year period, Renaissance has grown exponentially expanding its service offerings and establishing leadership in integrated facilities management, large scale accommodation solutions, and environmental services. Today, Renaissance has over 8,800 employees serving a wide range of clients across diverse industries from over 100 locations in Oman, and a growing presence in the UAE.

“We take pride in being an investor-friendly organisation creating value for all shareholders. Renaissance is well-placed to drive growth as we continue to invest in the future,” Samir added.

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