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Drake & Scull International (DSI) has announced that it will receive an interest-free ‘Qard Hasan’ loan of up to Dh100 million from Tabarak Investment as part of company’s capital restructuring programme.
The loan will help meet the immediate working capital requirements of DSI until it completes its capital restructuring programme, which includes a capital increase of Dh500 million to expedite Tabarak Investment’s entry as a strategic investor, the company said. The withdrawal and payment mechanisms of the loan will be mutually agreed upon by the two parties and could be implemented in tranches.
Tabarak Investment has injected Dh500 million in Drake & Scull International (DSI) as the Dubai-listed company reported on Tuesday the completion of its capital restructuring program. “Drake & Scull
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 s
Drake & Scull International (DSI), a regional market leader in engineering and construction services, has won regulatory approval to reduce its share capital by 75 per cent and also to list 500 milli
National oil firm Saudi Aramco plans to set up a construction company with local and international partners to build non-oil infrastructure in Saudi Arabia, industry sources familiar with the plan sa
Vodafone Qatar Company has announced that it has amended the company's financial year to start on January 1, instead of April 1, and end on December 31each year.
The company announced in a p
Abraj Al Tahwiliya’, Qatar Industrial Manufacturing Company’s (QIMC) mixed-use development, is set to be a vibrant new addition to Doha’s iconic Corniche skyline, which is expected to be completed by
Commercial start-up of new cement mills at Arabian Cement Co.’s Rabigh plant has been delayed to 3Q18. The mills had been expected to go into operation in 4Q17 but construction work is still ongoing.
National Bank of Kuwait (NBK) has been named the Best Bank in Kuwait 2017 by the international financial publication Global Finance. The award was presented to George Richani, General Manager – Inter