Drake and Scull International PJSC (Drake & Scull) News - Mubasher Info
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31 July 03:26 PM

Drake and Scull International PJSC (DSI)

Last update: 02:58 PM market time.
0.35
-0.00
-1.13%
Open 0.36
Previous Close 0.35
High 0.36
Low 0.35
Stock Statistics
Volume 28,776,965
Turnover 10,177,172.60
All data are 15 minutes late during market session

News

Photo Archive
13 May 06:07 PM DSI’s growth strategy drives more increasedrevenues in Q1-25
Dubai – Mubasher: Drake & Scull International (DSI) turned profitable at AED 2.45 million in the first quarter (Q1) of 2025, AED 39.99 million in Q1-24. Basic earnings per share (EPS) reached AED 0.001 in Q1-25, against a loss per share of AED …
Financial Results
Photo Archive
19 March 05:46 PM DSI’s unit awarded AED 169m project contact
Dubai – Mubasher: Passavant Energy & Environment Limited, a subsidiary of Drake & Scull International (DSI), has been awarded an AED 169 million contract by Maharashtra Industrial Township Limited (MITL). The project scope includes the complete …
Companies Investments
Photo Archive
24 February 08:43 PM DSI secures 2 contracts surpassing AED 1bn
Dubai – Mubasher: Drake & Scull International (DSI) has secured two major contracts for the highly anticipated Arabian Hills Project, with a combined value exceeding AED 1 billion. Spanning a 224 million square feet area, the Arabian Hills Project …
Companies Investments
Photo Archive
13 February 07:33 AM DSI logs AED 3.7bn profits attributable to shareholders in 2024
Dubai – Mubasher: Drake & Scull International (DSI) turned profitable attributable to the shareholders at AED 3.74 billion as of 31 December 2024, versus net losses valued at AED 368.11 million in 2023. The company posted higher revenues at AED …
Financial Results
Photo Archive
13 January 06:05 PM DSI, El Amar Group to expand business in Egypt, Saudi Arabia
Dubai – Mubasher: Drake & Scull International (DSI) has entered into a strategic memorandum of understanding (MoU) with El Amar Group to collaborate on key initiatives across Egypt and Saudi Arabia. This partnership aims to leverage the strengths …
Global Economy
Photo Archive
21 November 2024 01:45 PM Al Saleh lead DSI’s growth strategy as CEO
Dubai – Mubasher: Drake & Scull International (DSI) has appointed Muin Al Saleh as its new CEO, according to a press release. Al Saleh will focus on driving operational growth and efficiency to achieve the company’s objectives to strengthen its …
Corporate Actions
Photo Archive
13 November 2024 02:17 PM DSI records solid financial performance in 9M-24; revenues up 13% in Q3
Dubai – Mubasher: Drake & Scull International (DSI) shifted to net profits worth AED 3.79 billion in the first nine months (9M) of 2024, against net losses of AED 197.49 million in 9M-23. The group posted revenues amounting to AED 72.41 million in …
Financial Results
Photo Archive
29 July 2024 10:13 AM DSI turns into profitability in H1-24
Dubai – Mubasher: Drake & Scull International (DSI) swung to net profits amounting to AED 3.78 billion in the first half (H1) of 2024, against net losses worth AED 162.58 million in H1-23. Revenues increased to AED 50.94 million in H1-24 from AED …
Financial Results
Photo Gallery
9 May 2024 11:45 AM DSI’s net losses deepen to AED 46m in Q1-24
Dubai – Mubasher: Drake & Scull International (DSI) incurred net losses amounting to AED 46.20 million in the first quarter (Q1) of 2024, an annual plunge from AED 119.17 million. The Q1-24 loss was mainly driven by a net financing cost of AED 39 …
Financial Results
Photo Gallery
30 April 2024 08:50 AM DSI’s unit teams up with Saudi companies for SAR 789m project
Dubai – Mubasher: Passavant Energy and Environment Limited, a subsidiary of Drake & Scull International (DSI), won a new project to design and build an expanded wastewater treatment plant in Saudi Arabia. The unit was awarded the project in …
Companies Investments
Photo Archive
2 April 2024 00:57 PM DSI’s shareholders pass restructuring plan
Dubai – Mubasher: Drake & Scull International’s (DSI) general assembly has approved a restructuring plan. The restructuring plan will apply to 4 entities; Drake & Scull International PJSC, Drake & Scull International LLC, Drake & Scull Engineering …
Corporate Actions
Photo Archive
15 February 2024 00:41 PM DSI’s losses cross AED 352m in 2023
Dubai – Mubasher: The net losses attributable to the owners of Drake & Scull International (DSI) enlarged to AED 352.11 million in 2023 from AED 224.39 million a year earlier. The company posted revenues amounting to AED 93.84 million in 2023, …
Financial Results
Photo Archive
13 November 2023 00:04 PM DSI suffers higher losses in 9M-23; accumulated losses unveiled
Dubai – Mubasher: Drake & Scull International (DSI) incurred net losses attributable to the shareholders amounting to AED 197.56 million in the first nine months (9M) of 2023, versus AED 157.59 million in 9M-22. Revenues stood at AED 64.20 million …
Financial Results
Photo Archive
16 August 2023 09:26 AM DSI shows negative performance in H1-23; accumulated losses hit 491% of capital
Dubai – Mubasher: The net losses attributable to the owners of Drake & Scull International (DSI) stood at AED 162.58 million in the first half (H1) of 2023, an annual surge from AED 88.09 million. Revenues hit AED 45.26 million as of 30 June 2023, …
Financial Results
Photo Archive
15 November 2022 05:35 PM DSI shifts to losses to owners in 9M-22; accumulated losses reach AED 5bn
Dubai – Mubasher: Drake & Scull International (DSI) swung to net losses attributable to the shareholders worth AED 157.59 million in the first nine months (9M) of 2022, against net profits of AED 58.27 million in 9M-21. The revenues amounted to …
Financial Results
Photo Archive
16 August 2022 06:30 PM DSI turns to losses in H1-22; higher accumulated losses reported
Dubai – Mubasher: Drake & Scull International (DSI) turned to net losses attributable to the parent of AED 89.09 million in the first half (H1) of 2022, against net profits of AED 77.33 million in H1-21. In the first six months (6M) of 2022, the …
Financial Results
The earnings per share (EPS) settled at AED 0.07
18 August 2021 04:17 PM DSI records AED 77m profits in H1-21; lower accumulated losses
Dubai – Mubasher: Drake & Scull International (DSI) has reported net profits attributable to the equity holders of AED 77.336 million during the first half (H1) of 2021. The company generated revenues of AED 81.785 million in the first six months …
Financial Results
DSI’s accumulated losses have shrunk to AED 4.78 billion
13 June 2021 00:10 PM DSI turns to profit at AED 115m in Q1; accumulated losses reduced
Dubai – Mubasher: Drake & Scull International (DSI) has turned profitable at AED 115 million during the first quarter (Q1) of 2021, against a net loss of AED 30 million in the same period a year earlier. The company recorded a 17.9% increase in …
Financial Results
DSI is bidding for an AED 260 million project in Kuwait
27 April 2021 10:52 AM Drake & Scull wins AED 376m contracts in Tunisia, India, Palestine
Dubai – Mubasher: Drake & Scull International (DSI) has been awarded contracts of more than AED 376 million for new projects in Tunisia, India, and Palestine. Despite the coronavirus (COVID-19) pandemic, DSI is also bidding for an AED 260 million …
Companies Investments
Costs to hand over projects have exceeded budgets
5 April 2021 11:26 AM Drake & Scull logs AED 4.9bn accumulated losses
Dubai – Mubasher: Drake & Scull International (DSI) has incurred accumulated losses of AED 4.9 billion as of 31 December 2020, representing 458% of the company's capital. The accumulated losses are driven by projects in progress and contract …
Financial Results
The company's revenues decreased to AED 215.571m in 2020
9 February 2021 11:08 AM Drake & Scull turns to profitability; restructuring process reaches final stage
Dubai – Mubasher: Drake & Scull International (DSI) has recorded AED 109.3 million net profits attributable to the equity holders in 2020, against AED 87 million net losses in 2019, according to the company's preliminary results for 2020. The …
Financial Results
The creditors will be requested to attend the OGM
22 December 2020 00:28 PM Drake & Scull completes restructuring plan's first phase
Dubai – Mubasher: Drake & Scull International (DSI) has completed the first phase of its restructuring plan, in which the company has requested all creditors to register proof of their claims. After the Financial Reorganisation Committee approves …
Companies Investments
The accumulated losses are attributed to projects under implementation
16 November 2020 01:48 PM DSI logs AED 4.88bn accumulated losses
Dubai – Mubasher: Drake & Scull International (DSI) has incurred accumulated losses of AED 4.875 billion as of 30 September 2020, representing 455.6% of the capital. The accumulated losses are attributed to projects under implementation and …
Financial Results
The company also named Peter Lalor as a new CFO
7 September 2020 09:42 AM Drake & Scull appoints new CEO, CFO
Dubai – Mubasher: Drake & Scull International (DSI) has appointed Munir Mansour as a new CEO for the company, according to the company's disclosure to the Dubai Financial Market (DFM) on Monday. With a 40-year industrial and contracting experience …
Management Decisions
DSI expected AED 1.518 billion credit losses relating to certain subsidiaries
2 July 2020 11:44 AM DSI reveals AED 1.518bn credit loss provision reversal
Dubai – Mubasher: Drake & Scull International (DSI) announced that a reversal of provision for expected credit losses amounted to AED 1.518 billion, relating to certain subsidiaries that were disposed of during the year. Due to the disposed …
Financial Results