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29/03/2018 05:58 AST
Drake & Scull International (DSI), a regional engineering and construction service provider, said it is targeting to issue a sukuk convertible into equity in the second quarter of 2018.
The DSI board approved plans for the issuance of convertible sukuk with an indicative value of minimum Dh450 million or the equivalent in other currencies, as private placement or public issuance to be converted to shares over a maximum period of 5 years, at a price of Dh3 per share or at a discount of 25 per cent of the market price of the share, to be determined at the time of conversion, the company said in an emailed statement.
The sukuk issuance is subject to regulatory and shareholders' approval at the company's upcoming General Assembly meeting, which is scheduled to convene in April 2018.
Gulf News
27/03/2025
The Dubai construction services firm Drake & Scull managed to cut accumulated losses from a crippling Dh5 billion to just over Dh2 billion as of end 2024.
The company said it continues to 'p
Gulfnews
29/03/2018
The Board of Directors of Drake & Scull International PJSC ("DSI" or the "Company"), a regional leader in engineering and construction services, announced the appointment of Dr. Fadi Feghali as the G
Press Release
15/02/2018
Drake & Scull International, a regional leader in engineering and construction services, is back in the black with a net profit of Dh700,000 ($190,549) for the fourth quarter in 2017 compared to a n
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| PAPER | 175.00 | -7.00 (-3.85 |
| ALPHADHABI | 11.18 | 0.28 (2.56 |
| ADNOCLS | 4.69 | -0.04 (-0.85 |
| SALIK | 5.73 | 0.25 (4.56 |
| NMDC | 25.00 | 0.02 (0.08 |
16/05/2025
Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.
The
Muscat Daily
16/05/2025
Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region.
This stat
Gulf Times
16/05/2025
Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi
Gulfnews
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In line with its leading and responsible role in the banking industry, National Bank of Kuwait continues to advance confidently towards building a sustainable future by implementing its environmental
Kuwait Times
16/05/2025
KIPCO - Kuwait Projects Company (Holding) - announced a net profit of KD 5.1 million ($ 16.5million) for the first three months of 2025. Earnings per share for the first quarter of 2025 were 0.7fils
Kuwait Times
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