Drake & Scull International P.J.S.C

Ticker/ISIN

DSI

AED001101016

Market/Country

Dubai Financial Market

United Arab Emirates

About Drake & Scull International P.J.S.C

Country of Origin: United Arab Emirates (U.A.E)

Drake and Scull International PJSC (“the Company” or “the Parent Company”) was incorporated on 16th November 2008 and was registered on 21st January 2009 as a Public Joint Stock Company in accordance with the UAE Federal Law No. 8 of 1984, (as amended). The Company is listed on Dubai Financial Market.

Drake & Scull International PJSC (DSI) is a regional market leader delivering world class quality projects via end to end solutions that provide integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail, Water and Wastewater Treatment, Waste to Energy and Oil and Gas.

Latest Pressrelease Summaries from Drake & Scull International P.J.S.C

On April 30, 2025, the General Assembly Meeting of Drake and Scull International PJSC was held at The H Hotel in Dubai at 5:00 pm. The meeting was chaired by the Vice Chairman, Mr. Abdulla Atatreh. Mr. Fadi Mohammad was appointed as the meeting rapporteur, and Mr. Yousef Qaren as the vote collector. The majority of shareholders ratified the Board of Directors’ report concerning the company's activities and financial position for the fiscal year ending December 31, 2024.

Disclosure: Resolutions of General Assembly

4 days ago

Passavant Energy & Environment Ltd., a subsidiary of Drake and Scull International PJSC, has secured a contract to design, construct, and operate the North Balqa Wastewater Treatment Plant in Jordan. The project, valued at JOD 41.5 million (approximately AED 215 million), is funded by the Agence Française de Développement and the European Union’s Neighborhood Investment Platform. It aims to improve wastewater infrastructure in the Balqa Governorate, with an initial treatment capacity of 36,000 cubic meters per day, eventually reaching 54,000 cubic meters daily. The facility will also convert waste into electrical energy, aligning with Jordan's sustainability goals. The project includes design, equipment supply, testing, commissioning, and a year of operation and maintenance. Key features include a wastewater treatment plant, pumping station, effluent treatment units, sludge treatment tanks, pipelines, and an odor control system, with treated water being transferred to the King Talal Dam for agricultural use.

Disclosure: Press release

6 days ago

Drake & Scull International (PJSC) is inviting its shareholders to the Annual General Assembly Meeting on April 25, 2025, at The H Dubai Hotel. The agenda includes authorizing meeting officials, reviewing and approving financial reports for 2024, discussing dividend proposals, board remuneration, and potential liability absolution for board members and auditors. Other items include appointing auditors for 2023, reclassifying legal reserves, granting a loan to a subsidiary, and amending the company's articles of association. Shareholders must register electronically to attend and vote, with options to participate in person or virtually. Proxies and corporate representation are allowed under specific conditions. The meeting requires a quorum of at least 50% shareholder representation, with a second meeting scheduled if necessary. Financial statements and governance reports are available on the company's website.

Disclosure: Invitation of General Assembly

a month ago

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, reported a significant financial turnaround for the year ending December 31, 2024. The company achieved a net profit of AED 3.76 billion, reversing a net loss of AED 367 million from the previous year. This improvement was attributed to a successful restructuring plan and capital injection. Key financial highlights include a 20% revenue increase to AED 103.7 million, gross profit growth to AED 5.3 million, and a rise in total assets to AED 647 million. Shareholder equity improved to AED 151.7 million, and earnings per share reached AED 1.685. Strategic achievements included a comprehensive restructuring plan approved by the Dubai Court of Appeal, a capital raise of AED 454 million, new project contracts worth AED 1 billion, and operational efficiencies that reduced finance costs.

Disclosure: Press release regarding Annual Audited financial results for 2024

a month ago

The text refers to the consolidated financial statements of Drake and Scull International (P.J.S.C.) and its subsidiaries for the year ending December 31, 2024.

Disclosure: Financial statements for the year of 2024

a month ago

On March 26, 2025, the Board of Directors of Drake & Scull International PJSC held its second meeting of the year. The board approved the previous meeting's minutes, the audited financial results for 2024, and the company's Board of Directors report for 2024. Additionally, they agreed to call the Annual General Assembly meeting, coordinating with the Securities and Commodities Authority to set its agenda.

Disclosure: Results of BOD Meeting

a month ago

The second Board of Directors meeting of Drake & Scull International PJSC for the year 2025, scheduled for March 25th at 3:00 PM, was not held due to a lack of quorum. Consequently, the meeting has been postponed to March 26th, 2025, at 3:00 PM at the company's offices.

Disclosure: Postponing BOD meeting date

a month ago

Passavant Energy & Environment Ltd., a subsidiary of Drake and Scull International PJSC, has been awarded a contract worth approximately AED 169 million by Maharashtra Industrial Township Limited (MITL) to design, build, and maintain a 70 million liters per day water treatment plant and a 900 mm diameter water pipeline in AURIC Bidkin Industrial Area, Maharashtra, India. The contract includes a 10-year operation and maintenance period and was awarded through a competitive tender process. The project is expected to be completed within 36 months from the issuance of the official Letter of Award. CEO Muin El Saleh expressed pride in securing the project, highlighting the company's expertise in water treatment solutions and infrastructure development.

Disclosure: Press release

2 months ago

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Dubai Financial Market News

News Update From Drake & Scull International P.J.S.C 10 months ago

Disclosure: BOD meeting

Date: June 20, 2024 Mr. Hamed Ahmed Ali CEO - Dubai Financial Market Dubai, United Arab Emirates Subject: Board of Directors Meeting Number 5 of 2024 of Drake & Scull International PJSC Dear Sirs, We would like to inform you that the Board of Directors of Drake & Scull International PJSC will hold its fifth meeting of 2024 on Monday, June 24, 2024, at 3:00 PM at the offices of the Company. The agenda includes: 1. Reviewing and approving previous minutes of the meeting. 2. Calling the General Assembly to convene and setting its agenda items. 3. Discussing routine and operational business of the Company. 4. Any other items. Sincerely, Shafiq Abdulhamid Chairman

1. Attached Document

Dubai Financial Market News

News Update From Drake & Scull International P.J.S.C a year ago

Disclosure: Notification from the company

On June 10, 2024, Drake & Scull International PJSC announced the completion of its restructuring plan, which included the write-off of 4,181,744,366 dirhams of financial and commercial debts. This was achieved through the issuance of mandatory convertible sukuk to the company's creditors, as per the court's decision and the restructuring plan. The company has fulfilled all obligations outlined in the restructuring plan, including increasing its capital by more than the minimum required 300 million dirhams. The restructuring plan was agreed upon with financial and commercial creditors and approved by the competent courts, and the company has received approval from the Securities and Commodities Authority.

1. Attached Document

Dubai Financial Market News

News Update From Drake & Scull International P.J.S.C a year ago

Disclosure: Notification from the company

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Dubai Financial Market News

News Update From Drake & Scull International P.J.S.C a year ago

Disclosure: Notification from the company regarding the Liquidity Provider

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Dubai Financial Market News

News Update From Drake & Scull International P.J.S.C a year ago

Disclosure: Disclosure regarding the trading price of the company's shares on the first day

1. Attached Document

Dubai Financial Market News

News Update From Drake & Scull International P.J.S.C a year ago

Disclosure: A disclosure statement issued by the Board of Directors

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JohnnyDebt

Commented on FinanceBroAEDs Transaction regarding Drake & Scull International P.J.S.C a year ago

Interesting choice picking up Drake & Scull at 0.37 AED! With your solid 1-month yield, I'm curious to see how this plays out in the Industrials sector. Keep sailing steady, mate!

CashwariyaRai

Commented on AkSharesKumars Transaction regarding Drake & Scull International P.J.S.C a year ago

"Interesting move with Drake & Scull! Industrials can be quite the rollercoaster. Your 1-month yield is impressive. Let's see how this plays out! 🌟"

Dubai Financial Market News

News Update From Drake & Scull International P.J.S.C a year ago

Disclosure: Press release

Drake & Scull International has successfully closed a new capital increase subscription, surpassing 150% of the required capital for its restructuring process. The new capital increase reached over AED 450 million, enabling the company to meet its capital requirements and aiding in the completion of its restructuring. The company is preparing to resume share trading on the Dubai Financial Market, pending regulatory approval.

1. Attached Document

Dubai Financial Market News

News Update From Drake & Scull International P.J.S.C a year ago

Disclosure: Results of BOD meeting

On May 16, 2024, the Board of Directors of Drake & Scull International PJSC held their fourth meeting of the year. The key outcomes of the meeting were the approval of the previous meeting's minutes and the election of new leadership. Mr. Shafiq Abdul Hamid was elected as the Chairman of the Board of Directors, and Mr. Ahmed Al-Kilani was chosen as the Vice-Chairman.

1. Attached Document

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