Drake & Scull International Archives

Dubai real estate: Contracting specialists Drake & Scull make real estate business debut

Written by Joy Chakravarty Mon 7 Jul 2025Mon 7 Jul 2025

Acquires a prime plot in Majan, Dubai, to develop a 156,000 sqft built-up area mixed-use commercial building for retail and offices

Muin El Saleh, Group CEO of Drake and Scull International

Drake & Scull International

Restructured Drake and Scull International returns to profit for Q1

Written by Staff Writer Tue 13 May 2025Tue 13 May 2025

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

Drake & Scull subsidiary wins $58.5mn wastewater treatment project in Jordan

Written by Staff Writer Wed 30 Apr 2025Wed 30 Apr 2025

Once complete, the North Balqa Wastewater Treatment Plant will have a treatment capacity of 54,000 cubic meters per day

Drake and Scull International Arabian Hills Project

Drake & Scull International

Drake and Scull submits clarification on Arabian Hills contracts to DFM

Written by Staff Writer Tue 4 Mar 2025Tue 4 Mar 2025

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

Written by Staff Writer Mon 24 Feb 2025Mon 24 Feb 2025

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

Written by Staff Writer Wed 15 Jan 2025Wed 15 Jan 2025

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

Written by Staff Writer Tue 12 Nov 2024Tue 12 Nov 2024

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

Written by Staff Writer Mon 10 Jun 2024Mon 10 Jun 2024

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

Written by Staff Writer Thu 30 May 2024Thu 30 May 2024

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

Written by Staff Writer Wed 6 Mar 2024Wed 6 Mar 2024

The move comes after the company successfully increased its share capital by at least AED300 million, in accordance with the court-approved restructuring plan