Drake & Scull gets OK for capital reduction, listing new shares

The Dubai-listed Drake & Scull International (DSI), says it has obtained regulatory approval for a reduction of its share capital and issuance...

Construction

Dubai’s Drake & Scull appoints new chairman

Drake & Scull International, the Dubai-based engineering and construction services firm, has announced the appointment of Abdulla Atatreh as the new chairman...

Construction

Dubai’s Drake & Scull removes CEO, narrows loss

The Dubai-listed contractor Drake & Scull International (DSI) has removed Wael Allan as CEO after less than a year in the post,...

Consultant

Dubai’s DSI to receive $27m loan from Tabarak Investment

Drake & Scull International, the Dubai-based engineering and related services contractor, has announced that it will receive an interest-free loan of up...

Infrastructure

Passavant Energy, Aziz Company in wastewater treatment plant deal

According to a statement issued by Drake & Scull, Passavant Energy & Environment (PE&E) and the Aziz Company for Contracting and Industrial...

Construction

Drake & Scull names Mohammed Atatreh as board member

Mohammed Atatreh has been appointed a board member of Dubai-based contractor Drake & Scull, according to a company statement. Atatreh replaces Khalaf...

Construction

Former CEO of Drake & Scull sells stake in Dubai contractor

Khaldoun Tabari, the former chief executive officer and vice-chairman of Drake & Scull International, has sold his shares to the UAE-based Tabarak...

Construction

Drake & Scull breaches covenants on sukuk, bank loan facilities

Drake & Scull (DSI), the Dubai-based contracting giant, has said that that it has breached covenants on a syndicated sukuk and other...

Interviews

In profile: Wael Allan on bringing Drake & Scull back into focus

On February 14, 2017, Drake & Scull International released its un-audited, preliminary financial results for the fiscal year ending December 31, 2016....

Construction

Drake & Scull unit in $67m wastewater treatment deals

Passavant Energy & Environment (PE&E), a wholly-owned German subsidiary of Drake & Scull International (DSI), has secured three contracts to build wastewater...