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

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

18 days 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

25 days 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

25 days 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

25 days 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

a month ago

Drake & Scull International PJSC issued a clarification regarding their recent disclosure about winning two major contracts in the "Arabian Hills" project, valued at over AED 1 billion. The project will be financed through the company's cash resources and available bank facilities. They anticipate a profit margin between 8% and 10%, with revenues recognized based on the completion percentage during the project's execution. The project is expected to be completed by the end of 2027. The company will continue to update shareholders on the project's progress in line with disclosure regulations.

Disclosure: Clarification from the company

2 months ago

Drake and Scull International PJSC (DSI) has secured two major contracts for the Arabian Hills Project in Dubai, valued at over AED 1 billion. The contracts involve infrastructure and power works for two areas, Sun Valley and Park Vista, including street lighting and a sewage treatment plant. This achievement underscores DSI's leadership in large-scale developments and highlights its expertise in project management and engineering solutions. The Arabian Hills Project aims to set new standards in modern living and sustainable construction across a 224 million square foot area.

Disclosure: Press release

2 months ago

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Dubai Financial Market News

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

Disclosure: Integrated report for the year 2023

The document contains the consolidated financial statements of Drake and Scull International PJSC and its subsidiaries as of 31 December 2023.

1. Attached Document 2. Attached Document 3. Attached Document

Dubai Financial Market News

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

Disclosure: Detailed analysis of the accumulated losses

1. Attached Document

Dubai Financial Market News

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

Disclosure: Financial statements for the year of 2023

The document contains the consolidated financial statements of Drake and Scull International PJSC and its subsidiaries as of December 31, 2023. These statements provide a comprehensive overview of the company's financial performance and position.

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

1. Attached Document

Dubai Financial Market News

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

Disclosure: Postponing General Assembly for the lack of quorum

1. Attached Document

Dubai Financial Market News

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

Disclosure: BOD meeting

1. Attached Document

Dubai Financial Market News

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

Disclosure: Invitation of General Assembly

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 February 26th, 2024, the Board of Directors of Drake & Scull International PJSC held its first meeting of the year. The Board approved the minutes of the previous meeting and decided to call a General Assembly meeting as soon as possible, subject to the approval of the Securities and Commodities Authority (SCA) and Dubai Financial Market (DFM). The Board plans to discuss and approve the resumption of trading of the Company’s shares, increase in the share capital of the Company according to the terms approved by SCA and DFM, and the Company being an obligor in respect of a mandatory convertible Sukuk issuance aligned with the settlement plan.

1. Attached Document