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Drake & Scull International (DSI)

Dubai's DSI submits 'questionable' project files to UAE investigator
Emirates Securities and Commodities Authority provided 'some files related to questionable projects' between 2009-16
Dubai-listed builder DSI's board chairman Obaid Bin Touq resigns
Khamis Buamim has also resigned from the loss-hit firm's board, weeks after the contracting firm
Dubai contractor Drake & Scull fires CEO, CFO as losses continue
Tawfiq Abu Soud has been dismissed from his post as CEO four months after he
Dubai contractor DSI confirms resignation of board member
Mansoor Almheiri, CEO of HH Sheikh Hamdan Bin Mohammad Bin Zayed Bin Sultan Al Nahyan-led
Dubai-listed contractor DSI hires C-level specialists to spur turnaround
Struggling contractor has hired new chief financial, legal, and restructuring officers with extensive regional experience
Mohammad Atatreh resigns from board of loss-hit DSI
DSI shares are barred from trading on Dubai Financial Market amid ongoing restructuring efforts
Dubai's loss-hit DSI creates four-strong restructure committee
New group CEO Yousef Al Mulla will sit on the restructuring committee
DSI shareholders vote against dissolving loss-hit contractor
The company's board of directors chose to not dissolve the contracting firm

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Latest Issue

Construction Week - Issue 745
Jun 30, 2019