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Drake & Scull reported a net loss of AED 183 million ($49.82 million), which DSI attributes to the performance of subsidiaries in secondary markets in Qatar, Oman and Jordan in the second quarter, as well as defaults on project debt obligations and arrears in the secondary markets, which in turn resulted in increasing finance costs and neg

Dr Fadi Feghali

Drake & Scull appoints new CEO amid restructuring plan

Written by Staff Writer

Tue 14 Aug 2018Thu 7 Oct 2021

Drake & Scull International reported a H1 2018 net loss of $49.82m, citing performance of subsidiaries in secondary markets

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