Samir J Fancy named ‘Iconic Business Leader of the Year’

December 1, 2020

Samir J Fancy, Chairman - Renaissance Services was recognised with the Iconic Business Leader of the Year Award at the Alam Al-Iktisaad Awards 2020. H E Qais bin Mohammed Al Yousef, Minister of Commerce, Industry & Investment Promotion, presented the award to Mr Fancy at a ceremony held on 24 November.

The Iconic Business Leader of the Year Award acknowledged the leadership at Renaissance Services during these unprecedented times and highlighted several initiatives that the company implemented under the umbrella of ‘In Service to the Nation’, emphatically supporting the country’s efforts during the pandemic.

Since the arrival of the pandemic, Renaissance has inspired a spirit of collective purpose within the industry, advocating the need to build on strengths, demonstrating resilience and having a positive attitude on the road to recovery. Mr Fancy has continuously emphasised the need to protect lives and livelihoods, to take cognisance of the long term in decision making, and to embrace change to sustain progress.

Accepting the recognition, Mr Fancy said, “I am pleased to accept this recognition on behalf of the management and employees of the company, especially on the occasion of Oman’s 50th year of the renaissance. Renaissance proudly shares its name with the country’s march of progress, and we pledge to continue to contribute to the further progress and economic growth of the nation. While we have done significant work together as a community to fight this pandemic, it is important to remember that the crisis is not over. Each of us has the responsibility of protecting ourselves and others, and continue to support our frontline workers.”

Renaissance supported the government’s efforts in tackling the pandemic by providing hundreds of thousands of freshly-prepared meals daily to Outbreak and Quarantine Centres across the Sultanate, free of charge. The company also developed safety guidelines that were openly shared and downloaded by a large number of SMEs, corporates and public sector entities.  

Through 2020, Renaissance continued to invest in Oman, with RO 25 mn disbursed on infrastructure development. The workforce remained productively employed, fully paid with no layoffs. While absorbing these high costs, including state-of-the-art technologies to keep people safe, the company navigated all these challenges to deliver a profitable outcome for shareholders.