Drake & Scull to Elect New Board of Directors During Its Upcoming General Assembly

Press release

Published August 15th, 2017 - 04:33 GMT

Drake & Scull International PJSC

Drake & Scull International PJSC, a regional market leader in engineering and related services, has announced that it will elect a new set of Board of Directors during its upcoming General Assembly scheduled later this year as part of its capital restructuring program and transformation plan.

The company has decided to appoint four (4) new members to fill the positions vacated by the recent resignation of four members led by former Executive Vice Chairman Khaldoun Al Tabari.

The latest announcement was made at the Board of Directors meeting held on 13 August 2017 where Tabarak Investment LLC was announced as DSI’s largest shareholder.

Background Information

Drake & Scull International PJSC

DSI’s journey began in 1881 and has continued over 135 years, spreading from the western edge of Europe, to stretch across the eastern fringes of Asia today. DSI’s historic legacy can be divided into three significant milestones.