Contracting major says restructing process in final stages as it turns 2019 loss into profit last year
Drake & Scull International
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
contracting giant
Former Drake & Scull CEO claims he’s a ‘scapegoat’ for rising losses
Khaldoun Tabari says the Dubai-based contractor has filed 15 complaints against him to the public prosecutor in the UAE
Dr Hamed Al-Azmi
Dubai’s Drake says phase 1 of new Kuwait university completed
Drake & Scull International says phase two of construction of the Sabah Al-Salem University will be completed by year-end
building contractors
Drake & Scull appoints new CFO
Former CFO Mohamad Ghanem was laid off from the company in April
Contractors in Dubai
Drake & Scull board to meet to name new chairman
Former chairman Obaid bin Touq submitted his resignation in May
contracting giant
Dubai’s Drake & Scull hands over files on ‘questionable’ projects
Drake & Scull International gives update on investigation into 2018 losses as new members join its board
Drake & Scull International
Drake & Scull: audit committee ‘part of restructuring plan’
The ESCA is investigating reasons behind DSI’s floundering financial position and accumulated losses
Drake & Scull International
UAE regulator forms audit committee to investigate Drake and Scull
Dubai-based company last year accused former CEO Khaldoun Al Tabari and his daughter of owing the firm as much as $272.3 million
Drake & Scull International
Dubai’s Drake & Scull fires CEO, CFO amid widening losses
Tawfiq Abu Soud took over the position from his predecessor in late January
Drake & Scull International
Drake & Scull appoints new execs to oversee ongoing restructuring
The loss-making engineering and construction services contractor continues its rebuilding process to return DSI to profitability
Contractors in Dubai
Dubai’s Drake & Scull rehires former exec as new CEO
Tawfiq Abu Soud was DSI’s managing director of MEP and water and power between 1997 and 2014
CEO
Drake & Scull chairman, CEO step down
A new independent board member, Abdullah Al Matrooshi, has been appointed
abu dhabi retail
Dubai’s Drake wins $163m contract for Abu Dhabi’s Reem Mall
Drake & Scull International is appointed as the MEP contractor for the Reem Mall project in Abu Dhabi
Drake & Scull International
Drake & Scull reports $135m loss in Q3 over restructuring
Drake and Scull International has appointed advisers to help its with a financial and operational restructuring plan
Drake & Scull International
Tabarak Investment increases share in Dubai’s Drake and Scull
Drake and Scull is planning a shareholder meeting for later this month
Drake & Scull International
Dubai’s Drake & Scull plays down ‘dissolution’ talk
Drake & Scull refutes reports suggesting shareholders will meet later this month to decide whether to dissolve the company
