Drake & Scull Appoints New CFO and General Counsel
Drake & Scull International PJSC has announced key leadership changes with the appointment of a new CFO and General Counsel.
Summary
Drake & Scull International PJSC has appointed Khalid Sukhon as Group CFO and Ahmed El-Bayouk as Group General Counsel to drive strategic growth.
Drake & Scull International PJSC (DSI), a prominent player in the contracting services sector in the UAE, has made significant strides in its strategic growth plan by announcing the appointment of new leadership. The company has appointed Khalid Sukhon as the Group Chief Financial Officer and Ahmed El-Bayouk as the Group General Counsel, effective immediately.
These appointments come at a critical time for DSI as it seeks to strengthen its financial and legal frameworks to support its long-term growth strategy. Khalid Sukhon, a seasoned finance executive with over 25 years of experience, brings a wealth of expertise in finance, investment, and enterprise transformation. His previous roles at National Bonds Corporation, Al Hilal Bank, and other prominent organizations have equipped him with the skills necessary to lead DSI's financial operations.
Ahmed El-Bayouk, joining from Dentons & Co., brings top-tier legal expertise to DSI, having served in their Construction, Engineering, and Disputes practice. His experience will be invaluable in navigating the complex legal landscape of the contracting services industry.
These leadership changes signal a renewed focus on driving strategic growth and enhancing operational efficiencies at DSI. With Khalid's financial acumen and Ahmed's legal prowess, DSI is well-positioned to capitalize on new opportunities in the MEP, oil and gas, water and wastewater treatment sectors.
From an investor's perspective, these appointments are a promising development. The expertise and experience that Khalid and Ahmed bring to the table are expected to enhance DSI's operational capabilities and financial performance. As the company continues to execute its growth strategy, investors may find potential value in holding onto DSI shares.
In conclusion, the strategic appointments of Khalid Sukhon and Ahmed El-Bayouk reflect DSI's commitment to strengthening its leadership team to drive future growth. Investors should consider the potential benefits of these changes and the company's strong market position in the contracting services sector.
Source
Summary
Drake and Scull International PJSC (DSI), a company specializing in mechanical, electrical, and plumbing contracting services, as well as oil and gas and water treatment projects, has appointed Khalid Sukhon as Group Chief Financial Officer and Ahmed El-Bayouk as Group General Counsel and Head of Legal. These appointments are part of DSI's strategy to enhance its financial and legal frameworks for long-term growth. Khalid Sukhon, with over 25 years of experience, previously worked at National Bonds Corporation and has held senior positions at various organizations. He holds degrees from the University of Exeter and the University of Jordan. Ahmed El-Bayouk comes from Dentons & Co., where he was involved in construction, engineering, and disputes.
