Press releases, Reports & Disclosures for Drake & Scull International P.J.S.C

On November 24, 2025, the Board of Directors of Drake & Scull International PJSC passed resolutions by circulation. They appointed Mr. Khaled Owaidat as a Board Member to replace Mr. Ahmad Al-Kilani for the remainder of his term, subject to ratification by the General Assembly at the next meeting. Additionally, the Board reconstituted the Audit Committee with members Mr. Khaled Oweidat, Mrs. Mia ZEČEVIĆ, and Mr. Mustafa Saifuddin.

Drake & Scull International PJSC (DSI) reported a net profit of AED 11 million for the third quarter of 2025, marking a significant turnaround from a net operating loss of AED 46.1 million in the same period last year. Revenue increased by 92% year-on-year to AED 134.9 million, supported by progress on key projects like the Arabian Hills project and the Bidkin project in India. The company also saw a 124.5% increase in gross profit compared to the previous year. Total assets decreased by 1.9% to AED 629.5 million, while total equity rose by 3.2% to AED 156.6 million. Cash and bank balances stood at AED 266.5 million, providing operational flexibility. DSI launched DSI Real Estate Development to drive new ventures, starting with the Majan plot project in Dubai, as part of its strategy to diversify and expand into real estate development.