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

DSI announces the appointment of Group Chief Executive Officer

29/03/2018

The Board of Directors of Drake & Scull International PJSC (“DSI” or the “Company”), a regional leader in engineering and construction services, announced the appointment of Dr. Fadi Feghali as the G

Press Release

DSI to issue convertible sukuk in second quarter

29/03/2018

Drake & Scull International (DSI), a regional engineering and construction service provider, said it is targeting to issue a sukuk convertible into equity in the second quarter of 2018.

The

Gulf News

Drake & Scull International swings to Q4 profit

15/02/2018

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

Ticker Price Volume
SABIC 114.77 5,915,941
DSI Sector Market
P/E
Price/BookValue
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 5.61 -0.03 (-0.54%)
EMAARMALLS 2.16 0.00 (0.00%)
EMAARDEV 5.33 0.03 (0.56%)
DAMAC 3.01 -0.01 (-0.34%)
UPP 0.88 -0.01 (-1.13%)
SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News