Investors are showing renewed confidence in the long-term growth prospects of Renaissance Services, the oil services company based in Oman.
The company is projected to earn a profit of about 30.5 million rials next year. That forecast is up significantly from a previous estimate of 16.7 million rials, according to data compiled by Bloomberg News.
The company's share price increased more than 6 per cent on the Muscat Securities Market yesterday, closing at 0.698 rials.
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