FTSE Russell raises Drake & Scull’s weight on index following positive December review
Upgrade sustains momentum of recent MSCI GCC Index inclusion, reflects success of recapitalization program
Drake & Scull International PJSC (DSI)
DSI in advanced stages of negotiation for AED 1 billion worth of contracts with Wahat Al Zaweya in Al Ain
- Company awarded a AED 250 million contract to develop Nasayem project in Al Ain
- Negotiations in process for additional new contracts at Wahat Al Zaweya valued at AED 750 million expected to be finalized in H1 2018
DSI completes UAE debt restructuring with announcement of continued support from Tabarak Investment
Company secures new credit lines for ongoing projects portfolio and new contract awards
Drake & Scull International PJSC (“DSI” or the “Company”), a regional leader in engineering and construction services announced today, that it has successfully completed the restructuring of its corporate general bank debt in the UAE and has secured new credit lines and working capital facilities for its ongoing and new projects portfolio.
Tabarak Investment Injects AED 500 Million in Drake & Scull International as part of the Capital Increase
Company announces successful completion of its Capital Restructuring Program
Drake & Scull International PJSC (DSI), a regional market leader in engineering and construction services, announced today that it has successfully completed its capital restructuring program which started at the beginning of the fiscal year as part of its efforts to improve the financial position of the company and enhance operational efficiency.
Drake & Scull secures AED 175 million deal in Dubai
Drake & Scull International PJSC, a regional market leader in engineering and related services, has confirmed that its general contracting subsidiary, Gulf Technical Construction Company (GTCC), has been awarded an AED 175 million contract by Orion Real Estate Development L.L.C. to build the latter’s latest project, the West Bay residential tower located at Dubai’s Business Bay.