Muscat – Shareholders of Renaissance Services SAOG attended the Annual General Meeting (AGM) of the company on Sunday, March 29.

The meeting, chaired by Renaissance Chairman Mr. Samir Fancy, approved the annual audited financials and annual report for the financial year ended December 31, 2008, and approved a cash dividend of 10 per cent of the paid up capital and stock dividend of 15 per cent of the paid up capital.

AGM meeting lead by Chairman Mr. Samir J. Fancy

Heads of Renaissance management answer investor questions

Shareholders approved other proposals including RO 262,000 for Corporate Social Responsibility programmes to be set aside from the 2009 profit.

Following the AGM, Renaissance CEO Mr. Stephen Thomas along with management heads of Renaissance Services groups replied to questions from a roomful of local and regional investors in an arranged analyst and investors meet.

The management answered a wide variety of questions from the investment community on group strategy, investments, vessel acquisition, the balance of short term and long term contracts and capital structure during the meeting.