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Khaldoun Tabari
8

Khaldoun Tabari

Vice Chairman & CEO, Drake & Scull International
P Mohamed Ali
Kez Taylor

Khaldoun Tabari has led Drake & Scull since 1998, when he bought a stake in the firm but had joined the originally British company in 1982 installing radar stations and underground command centres in Saudi Arabia.

Drake & Scull showed a profit of AED63 million during the first three months of the year, well above forecasts and up 47% on the same period last year.

His company is one of the strongest performing in the UAE stock markets, up 10 % in May and during the same month his company secured Dh2.24 billion worth of awards in different operating markets.

The firm was wholly owned by a consortium of investors, including Tabari, before it listed 55 % of its shares on the Dubai Financial Market in 2009 and following the crash it embarked on an aggressive expansion and acquisition programme.

In the last three years the firm has increased revenues generated from outside the UAE from 22 to 75 percent and Tabari continues to look at growth opportunities in new markets like India and Iraq. In the last five years, it has made six acquisitions including the German wastewater specialist, Passavant Roediger.

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Latest Issue

Construction Week - Issue 751
Oct 13, 2019