Press Releases

Year

Quarter

13-02-2019 Board of Directors Meeting Announcement

11-02-2019 BOD Meeting Results

05-02-2019 Board of Directors Meeting Announcement

30-01-2019 DSI appoints Tawfiq Abu Soud as Group CEO

[Dubai, UAE – 29 January 2019] – Drake & Scull International PJSC (“DSI” or the “Company”), a regional leader in engineering and construction services, today announced that its Board of Directors has appointed Mr. Tawfiq Abu Soud as the Group CEO for the company, effective 23 January 2019. Mr. Abu Soud will assume the responsibility of leading DSI’s operations from his predecessor Mr. Yousef Al Mulla.

Mr. Abu Soud has a stellar record of accomplishment of inspirational leadership and has more than 35 years’ experience in delivering consistent results, leading global business expansion, and securing robust business pipelines. He has previously served CEO for ADC Energy Systems, CEO for Arabtec Subsidiaries, Managing Director for DSI’s MEP and Water and Power subsidiaries, and as the Operations Director for Manco LLC. He holds an MBA from the University of Hull, and is a certified Mechanical Engineer (Southern Illinois University). He also holds certifications in Quality Assurance from the British AQMC Council and Martin & Martin, as well as Project Management for Engineers from ASCME, and Management Institute in California.

The Company is also concurrently coordinating with the external advisors and the Securities and Commodities Authority to call for a General Assembly Meeting in February 2019 to approve its organizational restructuring program.