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 confirms Tabarak remains ‘strategic investor’

17/07/2018

Drake and Scull International (DSI) said on Monday that Tabarak Investment’s stake in it is at 13.26 per cent, and that Tabarak “will continue to be a strategic investor.”

DSI said in a sta

Gulf News

Drake & Scull confirms financial violations by previous management

12/07/2018

Dubai contractor Drake & Scull International said its former management was involved in “material” financial violations that are currently under investigation by the designated UAE authorities.
<

The National

Drake & Scull’s ex-CEO said to owe up to $272m

10/07/2018

An internal probe by Drake & Scull International PJSC into alleged violations by the previous management has concluded that former chief executive officer Khaldoun Al Tabari and his daughter owe the

Gulf News

Ticker Price Volume
QNBK 159.00 144,076
SABIC 129.60 5,192,197
EEC 19.96 1,817,656
APPC 56.30 191,440
SRMG 106.00 898,130
SARCO 44.20 333,418
KAYAN 16.94 8,892,500
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 5.14 -0.06 (-1.16%)
EMAARMALLS 2.11 -0.01 (-0.48%)
EMAARDEV 5.13 -0.01 (-0.20%)
DAMAC 2.15 -0.03 (-1.38%)
UPP 0.73 0.00 (0.27%)
UAE telecoms firm Du Q2 net profit up 1.3%

19/07/2018

Du, the UAE's second-biggest telecoms operator, reported a 1.3 per cent increase in second-quarter net profit on Thursday, as total revenues rose The Dubai-based operator made a net profit after roy

The National

UDC posts QR279mn net profit in H1 2018

19/07/2018

United Development Company (UDC), the master developer of The Pearl-Qatar, has posted a QR279mn net profit on revenues of QR889mn for the first half of the year.

The net profit attributabl

Gulf Times

Dubai Islamic Bank second quarter profit rises 14.6%

19/07/2018

Dubai Islamic Bank (DIB), the United Arab Emirates' largest sharia-compliant lender, posted a 14.6 per cent increase in second-quarter net profit on Wednesday as income from Islamic financing and inv

Times of Oman

Saudi Electricity Co in talks for international bond issue

19/07/2018

Saudi Electricity Co has recently discussed with a group of international banks its plan to issue a US dollar-denominated bond, sources familiar with the matter said.

The state-controlled u

Gulf News

Mashreq’s first half 2018 net profits up 5.2%

19/07/2018

Mashreq has posted first-half 2018 net profit of Dh1.2 billion up 5.2 per cent compared to Dh1.1 billion in the same period in 2017. For the second quarter of this year the bank reported a net profit

Gulf News