Fraud issue has no impact on normal operations, says Renaissance | Oman Observer

Oman-based oil services firm Renaissance Services SAOG says its disclosure on Monday of breaches in the company’s code of business has no impact on its normal operations.

In a press statement issued here yesterday, Renaissance sought to assure stakeholders that it was “pressing ahead with resolving the challenges and pursuing our ongoing business as usual”.

It said the statement was aimed at clarifying “various interpretations and assumptions” arising from the Chairman’s Report and quarterly unaudited accounts released earlier on Saturday. The Chairman’s Report also included disclosures of fraud in its marine subsidiary Topaz.

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