Renaissance Services restructures its share capital

Muscat: The Board of Directors of Renaissance Services invited all shareholders to attend an Extraordinary General Meeting (EGM), which was held on Sunday, December 8 at the Meeting Hall of the Capital Market Authority (CMA).

The EGM was attended by Samir Fancy, chairman of the Board of Directors, Ali Hassan Sulaiman, deputy chairman and Sunder George and Manish Doshi, board members. The meeting was also attended by Stephen R. Thomas, chief executive officer and Vishal Goenka, chief financial officer.

The EGM was convened to consider and approve a restructuring of its share capital. Post restructuring, the company’s capital will be OMR23,641,000 and the company will return to a dividend-paying company.

Shareholders unanimously approved the restructuring of the share capital of the company.