Latest news with #HaithambinSalimAlSalmi
Zawya
25-03-2025
- Business
- Zawya
Oman: Renaissance launches 2024 Annual Sustainability Report in the presence of MSX CEO
Muscat: Renaissance Services, Oman's leading integrated facilities management (IFM) and services solutions provider, listed on the Muscat Stock Exchange since 1996, has launched its Sustainability Report 2024. The launch event, held under the auspices of Haitham bin Salim Al Salmi, CEO, Muscat Stock Exchange (MSX), underscored the importance of transparency and accountability in advancing Environmental, Social and Governance (ESG) practices in Oman's corporate sector. In line with its ongoing commitment to sustainability, safety and operational excellence, Renaissance invested RO 580,000 in climate risk mitigation initiatives during 2024. For this latest Sustainability Report, the company adopted the advanced 'In Accordance' GRI Standards 2021 framework, thereby establishing itself as a pioneer in comprehensive ESG disclosures among listed corporates. Notably, Renaissance has been voluntarily reporting on all 30 ESG metrics outlined in the MSX ESG Framework since its 2022 report, well ahead of the regulatory mandate that came into effect in 2024. Speaking on the occasion, HH Sayyid Tarik bin Shabib Al Said, member of the Board of Directors and chairman of the ESG Committee of Renaissance Services, said, 'Our annual Sustainability Report reflects the company's long-term commitment to sustainability and transparency. Sustainability is embedded in our strategy, from innovation and decarbonisation efforts to capacity building and governance. We remain focused on delivering measurable outcomes that contribute to Oman's sustainable development.' Haitham bin Salim Al Salmi, CEO of MSX, said, 'Renaissance Services has consistently demonstrated leadership in sustainability reporting and ESG best practices in Oman. Its early adoption of the MSX ESG Framework and commitment to the latest GRI Standards set a benchmark for listed companies in the country. Renaissance's continuous focus on transparency, disclosure and global reporting standards is essential in fostering a responsible and sustainable investment environment. As the capital market advances toward responsible investment and sustainable growth, I encourage all MSX listed companies to follow Renaissance's example by embracing sustainability and transparency practices. This shift is critical for building investor confidence, attracting capital and supporting Oman's Vision 2040, which aims for a more diversified and sustainable economy.' Renaissance's latest report highlights its alignment with the Sultanate's sustainability journey. Earlier in 2024, the company became the first and only Omani public-listed entity registered with the Science-based Targets initiative (SBTi), reinforcing its alignment with the Paris Agreement and Oman's Net Zero 2050 target. Renaissance's climate risk mitigation initiatives include implementation of a smart food waste management solution and an Internet of Things (IoT)/AI-based platform that reduces energy usage at its accommodation facilities. With more than 2,800 Omani employees, Renaissance is among the largest private-sector employers of Omanis. The company has developed a robust local supply chain and remains committed to Corporate Social Responsibility (CSR) programmes that create a meaningful and lasting impact. Its flagship project, Renaissance Village Duqm, Oman's largest workforce accommodation facility, showcases the company's commitment to worker welfare and serves as a key enabler of foreign direct investment (FDI) in the Sultanate. The company remains dedicated to driving positive change through innovative and sustainable practices that support Oman's vision for a greener, more inclusive future. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
24-03-2025
- Business
- Times of Oman
Renaissance launches 2024 Annual Sustainability Report in the presence of MSX CEO
Muscat – Renaissance Services, Oman's leading integrated facilities management (IFM) and services solutions provider, listed on the Muscat Stock Exchange since 1996, has launched its Sustainability Report 2024. The launch event, held under the auspices of Haitham bin Salim Al Salmi, CEO, Muscat Stock Exchange (MSX), underscored the importance of transparency and accountability in advancing Environmental, Social and Governance (ESG) practices in Oman's corporate sector. In line with its ongoing commitment to sustainability, safety and operational excellence, Renaissance invested RO 580,000 in climate risk mitigation initiatives during 2024. For this latest Sustainability Report, the company adopted the advanced 'In Accordance' GRI Standards 2021 framework, thereby establishing itself as a pioneer in comprehensive ESG disclosures among listed corporates. Notably, Renaissance has been voluntarily reporting on all 30 ESG metrics outlined in the MSX ESG Framework since its 2022 report, well ahead of the regulatory mandate that came into effect in 2024. Speaking on the occasion, HH Sayyid Tarik bin Shabib Al Said, member of the Board of Directors and chairman of the ESG Committee of Renaissance Services, said, 'Our annual Sustainability Report reflects the company's long-term commitment to sustainability and transparency. Sustainability is embedded in our strategy, from innovation and decarbonisation efforts to capacity building and governance. We remain focused on delivering measurable outcomes that contribute to Oman's sustainable development.' Haitham bin Salim Al Salmi, CEO of MSX, said, 'Renaissance Services has consistently demonstrated leadership in sustainability reporting and ESG best practices in Oman. Its early adoption of the MSX ESG Framework and commitment to the latest GRI Standards set a benchmark for listed companies in the country. Renaissance's continuous focus on transparency, disclosure and global reporting standards is essential in fostering a responsible and sustainable investment environment. As the capital market advances toward responsible investment and sustainable growth, I encourage all MSX listed companies to follow Renaissance's example by embracing sustainability and transparency practices. This shift is critical for building investor confidence, attracting capital and supporting Oman's Vision 2040, which aims for a more diversified and sustainable economy.' Renaissance's latest report highlights its alignment with the Sultanate's sustainability journey. Earlier in 2024, the company became the first and only Omani public-listed entity registered with the Science-based Targets initiative (SBTi), reinforcing its alignment with the Paris Agreement and Oman's Net Zero 2050 target. Renaissance's climate risk mitigation initiatives include implementation of a smart food waste management solution and an Internet of Things (IoT)/AI-based platform that reduces energy usage at its accommodation facilities. With more than 2,800 Omani employees, Renaissance is among the largest private-sector employers of Omanis. The company has developed a robust local supply chain and remains committed to Corporate Social Responsibility (CSR) programmes that create a meaningful and lasting impact. Its flagship project, Renaissance Village Duqm, Oman's largest workforce accommodation facility, showcases the company's commitment to worker welfare and serves as a key enabler of foreign direct investment (FDI) in the Sultanate. The company remains dedicated to driving positive change through innovative and sustainable practices that support Oman's vision for a greener, more inclusive future.
Times of Oman
12-03-2025
- Business
- Times of Oman
Asyad Shipping successfully lists on Muscat Stock Exchange
Muscat: Asyad Shipping Company, one of the world's largest diversified maritime providers and a global leader in deep-sea transportation, on Wednesday successfully listed on the Muscat Stock Exchange (MSX) following the completion of its IPO. The company raised OMR128.1 million (equivalent to USD 332.8 million) from domestic and international investors. The bell ringing ceremony took place at this morning at the MSX, with trading of Asyad Shipping's shares commencing under the ticker symbol 'ASCO'. A total of 1,041,748,856 ordinary shares were offered to investors, representing 20% of the Company's total issued share capital. The offer price was set at 123 baisas per share, with Asyad Shipping's market capitalization at approximately OMR641 million ($1.66 billion). Commenting on this exceptional event in the journey of Asyad Shipping, Dr. Ibrahim bin Bakhit Al Nadhairi, CEO of Asyad Shipping, said: 'I am incredibly proud to see Asyad Shipping list on Muscat Stock Exchange. Since our establishment in 2003, our journey has been marked by sustainable growth and global expansion and we have successfully built one of the world's largest diversified shipping companies, leveraging Asyad Group's advanced infrastructure. As we look towards the future as a public company, we remain committed to supporting Oman's economic development, expanding our global operations, and creating value for our investors and partners by continuously seeking out new growth opportunities.' Asyad Shipping's public listing on the MSX allows domestic and international investors to invest in one of the world's largest diversified maritime shipping companies and a key player in the Omani economy. Commenting on the listing, Haitham bin Salim Al Salmi, CEO of Muscat Stock Exchange, said: 'The listing of Asyad Shipping, a subsidiary of Asyad Group, on the Muscat Stock Exchange is an important step towards reinforcing the Exchange's position and opens new investment opportunities in the diversified maritime transport and shipping industry. Asyad Shipping is the first company that lists on the MSX this year, a valuable addition to the logistics sector on the Exchange'.
