KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has renewed Serba Dinamik Sdn Bhd’s licence to continue offering supply and services to the national oil and gas company and its contractors.

       In a statement, Serba Dinamik said the renewal, effective May 30, is for a one-year term.

       The licence stipulates that Serba Dinamik shall, within one year from the effective date, submit its audited financial statements for the financial year-end June 30, 2022, duly accompanied by the auditor’s unqualified opinion.

       “Also, Serba Dinamik is required to submit financial guarantees as a prerequisite for all and every Serba Dinamik’s participation in tenders initiated and/or conducted within one year from the effective date.

       “Petronas will engage with Serba Dinamik on the details of financial guarantee requirements, in due course,” Serba Dinamik said.

       Serba Dinamik’s founder and chief executive officer Datuk Dr Mohd Abdul Karim Abdullah said the renewal would enable the company to reposition itself strongly on its financial aspects.

       “This signifies Petronas’ vote of confidence on us. Given the circumstances and legal issues we have had in the past year, this renewal is very meaningful.

       “We can continue to participate in various bids and continue to honour our existing contracts,” Bernama reported him as saying in a statement.