Drake & Scull International Announces New Board Nominees
Drake & Scull International PJSC, a leading company in the UAE's construction and engineering sector, has announced its new board nominees. This strategic move is expected to steer the company towards future growth and stability.
Summary
Drake & Scull International PJSC has announced the list of nominees for its Board of Directors. With prominent figures from various fields, the company aims to strengthen its leadership and continue its trajectory of growth and excellence in the construction and engineering sectors.
In a recent press release dated 12 July 2024, Drake & Scull International PJSC (DSI) has unveiled the list of nominees for its Board of Directors. This announcement comes as a significant development for the company, which has been a cornerstone in the UAE's construction, engineering, and infrastructure sectors since its incorporation in 2008.
The nomination process, which closed on 11 July 2024, has resulted in a diverse and highly qualified list of candidates. The nominees include:
- H.H. Shaikh Theyab Bin Tahnoon Bin Mohammad Al-Nahyan
- Dr. Abdul Rahman Mahmoud Al Afifi
- Mr. Shafiq Abdelhamid
- Mr. Abdulla Atatreh
- Mr. Ahmad Kilani
- Mr. Mustafa Kheriba
- Mr. Abdulrahman Alali
- Mrs. Mia Zecevic
- Mr. Mohamed Aldhaheri
- Mr. Mohamed Al-Ali
- Mrs. Khulood Qayed
Each nominee brings a wealth of experience and expertise to the table, promising to enhance DSI's strategic direction and operational efficiency. The inclusion of high-profile individuals such as H.H. Shaikh Theyab Bin Tahnoon Bin Mohammad Al-Nahyan and Dr. Abdul Rahman Mahmoud Al Afifi is particularly noteworthy, given their extensive backgrounds in leadership and governance.
DSI has a market cap of AED 396,265,466 and is listed on the Dubai Financial Market. The company's portfolio spans a wide range of sectors, including General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail, Water and Wastewater Treatment, Waste to Energy, and Oil and Gas. This diversified expertise positions DSI as a regional leader in delivering integrated design, engineering, and construction solutions.
The new board is expected to play a crucial role in navigating the company through the challenges and opportunities in the construction and engineering sectors. With the UAE's ongoing infrastructure development and the increasing demand for sustainable and innovative engineering solutions, DSI is well-positioned to capitalize on these trends.
Investors and stakeholders should view this development as a positive indicator of the company's commitment to strong governance and strategic growth. The diverse expertise of the new board members is likely to drive DSI's performance and enhance shareholder value.
Given the current market conditions and the strategic initiatives undertaken by DSI, it is advisable for investors to hold their positions in the company. The new board's leadership and the company's robust market presence suggest a stable and potentially lucrative future.
Source
Summary
Date: 12 July 2024 Mr. Hamed Ahmed Ali, Chief Executive Officer, Dubai Financial Market, Dubai - United Arab Emirates H.E. Dr. Maryam Buti Al Suwaidi, Chief Executive Officer - Securities and Commodities Authority, Abu Dhabi - United Arab Emirates Subject: Nominees list for the membership of the Board of Directors of Drake and Scull International PJSC (the "Company") The nomination period for the Board of Directors’ membership of Drake and Scull International PJSC closed on Thursday, 11 July 2024. The following individuals have met the nomination requirements for the Board of Directors: 1. H.H. Shaikh Theyab Bin Tahnoon Bin Mohammad Al-Nahyan 2. Dr. Abdul Rahman Mahmoud Al Afifi 3. Mr. Shafiq Abdelhamid 4. Mr. Abdulla Atatreh 5. Mr. Ahmad Kilani 6. Mr. Mustafa Kheriba 7. Mr. Abdulrahman Alali 8. Mrs. Mia Zecevic 9. Mr. Mohamed Aldhaheri 10. Mr. Mohamed Al-Ali 11. Mrs. Khulood Qayed Sincerely, Dana Abualghanam Board Secretary
