Thursday 18 December 2014
 
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Renaissance

Renaissance awards Duqm housing contracts

Oman-based Renaissance Services, a multinational company, has awarded two main construction packages to S&T and Al Hajiry for the Duqm permanent accommodation for contractors (PAC) project in Oman. With RO100 million ($259 million)

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Renaissance to revive listing plans for Topaz arm

Oman's Renaissance Services has revived plans to list its oilfield services business Topaz, more than three years after pulling a share sale in London, sources said on Thursday. Dubai-based Topaz Energy and Marine, one of the bigg

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StanChart unit buys into UAE’s Topaz Energy

Standard Chartered Private Equity (SCPE) announced today (August 20) the acquisition of a minority stake in UAE-based Topaz Energy and Marine (Bermuda), a leading offshore support vessel operator, through an equity investment of $75 million.

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Renaissance unit prices $350m debut bond

Topaz Marine, a unit of Oman's Renaissance Services, priced its $350 million debut bond, a statement from the parent firm said on Sunday, in a rare high-yield transaction from the Gulf  region. The five-year offering carr

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Oman's Renaissance unit to price $350m bond

Topaz Marine, a unit of Oman's Renaissance Services, is expected to price its debut $350 million bond on Friday after releasing initial price guidance for the debt offering, a document from lead managers said. The bond, which

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Renaissance unit hires banks for $350m bond

Topaz Energy and Marine, a subsidiary of Oman's Renaissance Services, has hired Goldman Sachs, HSBC and Standard Chartered to arrange a five-year $350 million bond offering, sources close to the deal said on Monday. Goldman Sa

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5 new five-star hotels set to open in Bahrain

Hundreds of millions of dinars are being invested in Bahrain's tourism industry with five new luxury hotels set to open in the next six months, a report said. Adding to the 14 already in existence, they are all expected to be

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Renaissance sells unit to UK Interserve for $46m

Oman's Renaissance Services has sold its oilfield maintenance services unit Topaz Oil and Gas, based in the United Arab Emirates, to Interserve for $46 million, a bourse filing said on Sunday. The UK-based support services and

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Topaz signs first phase of $330m debt plan

Topaz Energy and Marine, a unit of Oman's Renaissance Services, has signed the first phase of a $330 million refinancing loan agreement with banks, its parent said in a statement to the bourse on Sunday. UAE-based Topaz, appointed bank

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Renaissance plans $104m convertible bond

Oman's Renaissance Services said on Tuesday it will ask shareholders to approve plans for a 40 million rials ($103.9 million) offering of zero coupon convertible bonds. The approval will be sought at a shareholder meeting on March 25, the

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