Friday 19 December 2014
 
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Drake and Scull

Drake and Scull mulls share buyback

The board of Dubai contractor Drake and Scull will consider buying back up to 10 per cent of the company's shares at a meeting on December 22, the company said on Thursday. Drake and Scull, whose shares have plunged 42 per cen

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Drake & Scull profit, revenue drop in H1

Drake & Scull International (DSI), has reported total revenues of Dh2.353 billion ($640.62 million) and a  net profit of Dh71.7 million ($19.52 million) for the first half of 2014, representing a top line and bottom line decrease of 8.3

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Drake & Scull gets nod for investor plan

Dubai construction firm Drake & Scull said on Monday that its shareholders had approved issuing a convertible bond worth 55 million dirhams ($15 million) to allow a strategic investor to buy into the company. The identity of t

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DSI wins $600m Egypt petchem project deal

Drake & Scull International (DSI), a regional market leader in the integrated design, engineering and construction, has won a major deal worth Dh2.2 billion ($600 billion) related to Egypt's new Tahrir Petrochemical Corporation (TPC) Pro

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Drake & Scull wins $600m Egypt deal

Drake & Scull International (DSI), a regional market leader in the integrated design, engineering and construction, has won a major deal worth Dh2.2 billion ($600 billion) related to Egypt's new Tahrir Petrochemical Corporation (TPC) Pro

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Drake & Scull posts 27pc fall in Q1 profit

Dubai contractor Drake & Scull posted a 27.1 percent decline in first-quarter net profit on Monday, missing the average estimate of analysts. The firm made a net profit of 45.7 million dirhams ($12.4 million) in the first thre

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Drake and Scull wins $40m Algeria contract

Dubai construction firm Drake and Scull International has won a 147 million UAE dirham ($40 million) project to build a mixed-use development in the capital of Algeria, the company said on Wednesday. Drake and Scull will undertake

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Drake and Scull profit rises 61pc in 2013

Dubai-based Drake and Scull made a net profit of 185 million dirhams ($50.37 million) in 2013, up from 115 million dirhams in 2012, the building contractor said on Thursday. Fourth-quarter profit was 40 million dirhams, according

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Drake and Scull unit wins $102m Nakheel deal

A subsidiary of Dubai-based contractor Drake and Scull has won a 375 million dirham ($102.10 million) contract from local developer Nakheel , Drake and Scull said on Tuesday. The contract is related to a development at Nakheel'

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Drake and Scull wins $87.5m Saudi contract

Dubai's Drake and Scull said on Wednesday it had won a contract worth 328 million riyals ($87.46 million) to do mechanical, electrical and plumbing works at King Saud University in Riyadh. The company will design, install, tes

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