The company declares a net profit of $680,000 for Q1 2025, compared to a net loss of $11.6 million in corresponding period last year
Drake & Scull International
Latest in Drake & Scull International
Drake & Scull International
Drake & Scull subsidiary wins $58.5mn wastewater treatment project in Jordan
Once complete, the North Balqa Wastewater Treatment Plant will have a treatment capacity of 54,000 cubic meters per day
Drake & Scull International
Drake and Scull submits clarification on Arabian Hills contracts to DFM
Says the AED1 billion project will be financed through its cash resources and available bank facilities; Profit margin to range between 8-10%
Drake & Scull International
Dubai construction giant Drake & Scull International bags 2 major contracts for Arabian Hills Project
The combined value of the project contracts is estimated to exceed AED 1 billion
Drake & Scull International
Drake and Scull wins final court judgment worth AED152mn
Dubai Court of Cassation rejected all appeals made by former CEO and another employee against Dubai Court of Appeal verdict in July 2024
construction business
Drake and Scull’s financial restructuring paying off
The company achieves a net profit grows to $1.61 million in Q3 2024; Revenue up 13% to $5.85 million
Drake & Scull International
Drake & Scull writes off $1.1bn debt
Dubai-based Drake and Scull writes off debt as part of restructuring process
BHM Capital
BHM Capital appointed as liquidity provider for Drake & Scull shares on Dubai bourse
The UAE stock market firm will provide liquidity for the global company’s shares on DFM by entering two-way daily quotes into the market trading system
Drake & Scull International
Dubai construction giant Drake & Scull shares set to resume trading on DFM
The move comes after the company successfully increased its share capital by at least AED300 million, in accordance with the court-approved restructuring plan
Drake & Scull International
Dubai’s Drake & Scull reports nine-month profit of $15.8m
Contracting major, which is reaching the end of its financial restructuring, saw revenues drop to $30.2m
Drake & Scull International
Dubai’s Drake & Scull eyes restructuring plan approval ‘in the coming weeks’
Troubled company reveals a net profit of $21.2m in latest financial results for first six months of 2021
construction industry
Dubai’s Drake & Scull reports $31.1m profit for Q1 2021
Troubled company has also reduced its accumulated losses down to $1.3bn
construction industry
Dubai’s Drake & Scull announces $102m contract wins amid continuing company restructure
Contractor also revealed it is bidding for several projects, worth $476.5m in Iraq and Kuwait
building contractors
Dubai contractor Drake says finalising restructuring plan
Drake & Scull International hopes to win approval from creditors and courts as it looks to the future
Drake & Scull International
Creditors of Dubai’s Drake & Scull set to vote on restructuring plan by end of April
Contracting major holds meetings with creditors to present its plan for the future
Drake & Scull International
Dubai’s Drake & Scull names date for creditor meeting as profits return
Contracting major says restructing process in final stages as it turns 2019 loss into profit last year
Drake & Scull International
Dubai’s Drake & Scull says it’s business as usual despite restructuring
Troubled contractor invites creditors to meeting next month when restructuring plan will be voted on