25/09/2017 10:51 AST

Drake & Scull International (DSI), a leader in engineering and construction services, has announced a series of strategic appointments and changes as part of its efforts to restructuring the organisation and streamline business operations.

The ongoing appointments are key to reinforcing DSI’s leadership in the mechanical, electrical and plumbing (MEP) sector.

Through the continued support of Tabarak Investment and the guidance of a new set of visionary leaders, the company intends to capitalize on its unmatched industry experience and expertise to seize new growth opportunities across the region, said a statement from the company.

DSI has appointed Ziad Makhzoumi as an advisor to the board of directors. Ziad was the CEO of Fakih IVF prior to joining the company.

With over 30 years of proven leadership and executive experience, he will play a key role in DSI’s efforts to stabilize the business, streamline and revitalize operations, and improve the financial position of the group to maintain its industry leadership, said the top Dubai-based contractor.

Other key changes are the appointment of Muin El Saleh (former CEO of Makkah & Madinah Holdings) as the new managing director of the company’s UAE operations; Dr Fadi Feghali (former managing director of Al Husam Group)) as DSI’s new managing director for international operations; Musa Ibrahim (previously General Counsel of Tabarak Investment) as the group chief legal officer besides Ismail Mohammad as the the deputy general manager of GTCC in the UAE, and Saher Ghazi Kamal as acting managing director for Saudi Arabia.

On the strategic move, Mohammed Atatreh, the group managing director, said: "The success of our organizational vision depends on the dedication and capacity of our people and leadership. Right now, Drake and Scull is implementing a comprehensive plan that will determine the company’s future direction."

"Our latest executive management appointments and changes are geared towards ensuring that we have highly capable leaders in place who can help implement our reorganizational efforts in the fastest and best way possible. Our new set of appointees will play crucial roles in driving more productivity and growth for the company," he added.

DSI’s newly-elected board of directors aims to build a strong and visionary core leadership that can take the company to new heights.

"The appointees reflect the board’s commitment to steering DSI to stability; reenergizing operations with a sharp focus on efficiency, cost control and smooth project delivery; and balancing the service portfolio," he added.

Trade Arabia

Drake & Scull International swings to Q4 profit


Drake & Scull International, a regional leader in engineering and construction services, is back in the black with a net profit of Dh700,000 ($190,549) for the fourth quarter in 2017 compared to a n

Trade Arabia

Drake & Scull to set up new labour camp


Drake & Scull International (DSI), a regional leader in engineering and construction services, continues its strong start in 2018 with its recent announcement of a new labour camp in Dubai aimed at b

Trade Arabia

DSI steams ahead with operational improvements in the UAE


Drake & Scull International PJSC (“DSI” or the “Company”), a regional leader in engineering and construction services, continues its strong start in 2018 with its latest announcement of a new labour

Press Release

Ticker Price Volume
QNBK 136.89 585,656
SABIC 109.80 1,133,510
BURUJ 34.60 17,529
EEC 15.24 687,553
ARNB 28.60 25,061
PETRORABIGH 24.82 469,287
WALAA 33.75 84,068
DSI Sector Market
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
EMAAR 5.94 0.06 (1.02%)
EMAARMALLS 2.21 -0.01 (-0.46%)
EMAARDEV 5.35 -0.04 (-0.75%)
DAMAC 3.08 -0.03 (-0.97%)
UPP 0.87 -0.01 (-1.14%)
Aramco’s US$7bil investment in Rapid by end of the month


The negotiation on Saudi Arabia Aramco’s US$7bil investment in Petroliam Nasional Bhd’s (Petronas) Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang, Johor, has been conc

The Star

Oman Insurance Company to distribute 10% Dividend


Oman Insurance Company held its Annual General Assembly meeting yesterday which was presided over by H.E. Abdul Aziz Abdulla Al Ghurair, Chairman of the Board of Directors. The Board approved the pro

Press Release

Arkan Bank could tap investors for $100mln through Nasdaq listing


The new Islamic bank being set up by a group of investors led by Dubai Investments could raise up to $100 million within the first 12 months after its listing on Nasdaq Dubai, according to a senior o


Aldar and Emaar shares climb after Dh30bn strategic alliance


The shares of Aldar and Emaar Properties, two of the the UAE’s biggest developers, rose during early trade on Wednesday after unveiling a strategic alliance to develop local and international project

The National

Mobily is racing to a smarter future in partnership with Ericsson


ETIHAD Etisalat ‘Mobily’ in cooperation with Ericsson are preparing an IoT world program to be the first of its kind in the Kingdom that aims to create an interactive platform between university stud

Saudi Gazette