Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Drake & Scull International PJSC’s Acquires Second Company in 2009

2009-12-27
 

[Dubai, 26 December 2009]  Drake & Scull International PJSC’s (DSI) Board of Directors approved on Thursday 24th December 2009, the acquisition of “Drake & Scull International for Electrical Contracting”, a prominent player in Mechanical Electrical and Plumbing (MEP) contracting in Kuwait owned by Drake & Scull Group and Kuwait Holding Company. With this acquisition DSI PJSC will own 75% of Drake & Scull International for Electrical Contracting. This second acquisition since listing on the Dubai Financial Market in March this year follows a stringent technical, financial and legal due diligence process that was carried out by PricewaterhouseCoopers, Shuaa Capital and Al Tamimi & Company.  It is also in step with DSI PJSC’s declaration since its IPO that the company would actively pursue acquisition negotiations in Kuwait, Qatar and Saudi Arabia. Last month, DSI PJSC acquired 82% of Passavant-Roediger – a global specialist in wastewater and sludge treatment with operations across 13 countries.  Majid Al Ghurair, Chairman of DSI PJSC, said this acquisition is seen as logical and integral steps in the company’s development and the execution of its long-term strategy to expand geographically into the Middle East and North African region. “This acquisition is in line with the growth strategy we shared with shareholders in our prospectus and which we have been actively pursuing since our listing on the DFM in March this year,” said Al Ghurair.  “We see great potential in the Kuwait market, which hasn’t been critically affected by the global financial crisis.” Khaldoun Tabari, DSI PJSC Vice Chairman and Chief Executive Officer said: “Our interest lies in acquiring companies that already have prominence in their own markets and an in-depth understanding of how their markets operate.”


 

2017-04-26
UCI reports net income of $0.18 million in Q1 2017

2017-04-25
PSE realizes net loss of $0.27 million in Q1 2017

2017-04-25
JREI realizes net loss of $0.07 million in Q1 2017

2017-04-25
AIB reports net income of $1.55 million in Q1 2017

2017-04-25
BJP posts net income of JD0.89 million in Q1 2017

2017-04-25
WATANIYA realizes net loss of $1.12 million in Q1 2017

2017-04-25
NAPCO records net income of JD0.13 million in Q1 2017

2017-04-25
APIC approves distributing 6.06% stock dividends and 6% cash dividends for 2016

2017-04-25
APIC records net income of $3.57 million in Q1 2017

2017-04-23
PEC records net income of $3.60 million in Q1 2017

2017-04-23
TNB approves distributing 5% cash dividends for the year 2016

2017-04-23
Bravo realizes net loss of JD0.13 million in Q1 2017

2017-04-20
Medium liquidity in the quarterly disclosures and dividends distribution seasons

2017-04-20
PEC approves distributing 10% cash dividends for the year 2016

2017-04-19
TNB records net income of $2.77 million in Q1 2017

2017-04-18
BPC approves distributing 20% cash dividends for the year 2016

2017-04-18
VOIC records net income of JD1.07 million for Q1 2017

2017-04-13
Al-Quds Index declines amid anticipation elements’ overlapping

2017-04-13
TRUST approves distributing 15% cash dividends for the year 2016

2017-04-12
JPH proposes 10% cash dividends for the year 2016

2017-04-11
APC records net income of JD0.33 million in Q1 2017

2017-04-11
PIBC proposes 2.35% stocks dividends for the year 2016

2017-04-11
NSC recommends 10% cash dividends for the year 2016

2017-04-11
GUI approves distributing 10% cash dividends for the year 2016

2017-04-10
3G services in 6 months in the West Bank

2017-04-10
BOP approves distributing 2.56% stocks dividends and 10.44% cash dividends for the year 2016

2017-04-10
QUDS proposes distributing 12% stocks dividends for the year 2016

2017-04-06
Dividends approval momentum and a final agreement to run 3G frequencies in the Palestinian markets

2017-04-06
PALTEL approves distributing 40% cash dividends for the year 2016

2017-04-04
PADICO proposes distributing 5% cash dividends for the year 2016

2017-04-03
AIB approves raising its capital to $75 million and distributing 12% cash dividends for the year 2016

2017-04-02
NIC approves 20% cash dividends for the year 2016.

2017-04-02
ISBK approves raising its capital to $69 million and distributing 8.50% cash dividends for the year 2016.

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013