Drake and Scull International PJSC (DSI)

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News

14 August 2025 02:00 AM DSI’s revenues leap 57% in H1-25 due to restructuring plan

Dubai – Mubasher: Drake & Scull International (DSI) generated net profits amounting to AED 6.50 million in the first half (H1) of 2025, according to the financial results.Revenue increased by 57% to AED 77.90 million in H1-25 from AED 49.70 million i

Sector Reports

13 May 2025 02:00 AM DSI’s growth strategy drives more increased revenues in Q1-25

Dubai – Mubasher: Drake & Scull International (DSI) turned profitable at AED 2.45 million in the first quarter (Q1) of 2025, against loss of AED 39.99 million in Q1-24.Basic earnings per share (EPS) reached AED 0.001 in Q1-25, against a loss per shar

Sector Reports

19 March 2025 04:46 PM DSI’s unit awarded AED 169m project contact

Dubai – Mubasher: Passavant Energy & Environment Limited, a subsidiary of Drake & Scull International (DSI), has been awarded an AED 169 million contract by Maharashtra Industrial Township Limited (MITL). The project scope includes the complete …

Companies Investments

24 February 2025 07:43 PM DSI secures 2 contracts surpassing AED 1bn

Dubai – Mubasher: Drake & Scull International (DSI) has secured two major contracts for the highly anticipated Arabian Hills Project, with a combined value exceeding AED 1 billion. Spanning a 224 million square feet area, the Arabian Hills Project …

Companies Investments

13 February 2025 06:33 AM DSI logs AED 3.7bn profits attributable to shareholders in 2024

Dubai – Mubasher: Drake & Scull International (DSI) turned profitable attributable to the shareholders at AED 3.74 billion as of 31 December 2024, versus net losses valued at AED 368.11 million in 2023. The company posted higher revenues at AED …

Financial Results

13 January 2025 05:05 PM DSI, El Amar Group to expand business in Egypt, Saudi Arabia

Dubai – Mubasher: Drake & Scull International (DSI) has entered into a strategic memorandum of understanding (MoU) with El Amar Group to collaborate on key initiatives across Egypt and Saudi Arabia. This partnership aims to leverage the strengths …

Companies Investments

21 November 2024 00:45 PM Al Saleh lead DSI’s growth strategy as CEO

Dubai – Mubasher: Drake & Scull International (DSI) has appointed Muin Al Saleh as its new CEO, according to a press release. Al Saleh will focus on driving operational growth and efficiency to achieve the company’s objectives to strengthen its …

Management Decisions

13 November 2024 01:17 PM DSI records solid financial performance in 9M-24; revenues up 13% in Q3

Dubai – Mubasher: Drake & Scull International (DSI) shifted to net profits worth AED 3.79 billion in the first nine months (9M) of 2024, against net losses of AED 197.49 million in 9M-23. The group posted revenues amounting to AED 72.41 million in …

Financial Results

29 July 2024 09:13 AM DSI turns into profitability in H1-24

Dubai – Mubasher: Drake & Scull International (DSI) swung to net profits amounting to AED 3.78 billion in the first half (H1) of 2024, against net losses worth AED 162.58 million in H1-23. Revenues increased to AED 50.94 million in H1-24 from AED …

Financial Results

9 May 2024 10:45 AM DSI’s net losses deepen to AED 46m in Q1-24

Dubai – Mubasher: Drake & Scull International (DSI) incurred net losses amounting to AED 46.20 million in the first quarter (Q1) of 2024, an annual plunge from AED 119.17 million. The Q1-24 loss was mainly driven by a net financing cost of AED 39 …

Financial Results

30 April 2024 07:50 AM DSI’s unit teams up with Saudi companies for SAR 789m project

Dubai – Mubasher: Passavant Energy and Environment Limited, a subsidiary of Drake & Scull International (DSI), won a new project to design and build an expanded wastewater treatment plant in Saudi Arabia. The unit was awarded the project in …

Companies Investments

2 April 2024 11:57 AM DSI’s shareholders pass restructuring plan

Dubai – Mubasher: Drake & Scull International’s (DSI) general assembly has approved a restructuring plan. The restructuring plan will apply to 4 entities; Drake & Scull International PJSC, Drake & Scull International LLC, Drake & Scull Engineering …

General Assembly

15 February 2024 11:41 AM DSI’s losses cross AED 352m in 2023

Dubai – Mubasher: The net losses attributable to the owners of Drake & Scull International (DSI) enlarged to AED 352.11 million in 2023 from AED 224.39 million a year earlier. The company posted revenues amounting to AED 93.84 million in 2023, …

Financial Results

13 November 2023 11:04 AM DSI suffers higher losses in 9M-23; accumulated losses unveiled

Dubai – Mubasher: Drake & Scull International (DSI) incurred net losses attributable to the shareholders amounting to AED 197.56 million in the first nine months (9M) of 2023, versus AED 157.59 million in 9M-22. Revenues stood at AED 64.20 million …

Financial Results

16 August 2023 08:26 AM DSI shows negative performance in H1-23; accumulated losses hit 491% of capital

Dubai – Mubasher: The net losses attributable to the owners of Drake & Scull International (DSI) stood at AED 162.58 million in the first half (H1) of 2023, an annual surge from AED 88.09 million. Revenues hit AED 45.26 million as of 30 June 2023, …

Financial Results

15 November 2022 04:35 PM DSI shifts to losses to owners in 9M-22; accumulated losses reach AED 5bn

Dubai – Mubasher: Drake & Scull International (DSI) swung to net losses attributable to the shareholders worth AED 157.59 million in the first nine months (9M) of 2022, against net profits of AED 58.27 million in 9M-21. The revenues amounted to …

Financial Results

16 August 2022 05:30 PM DSI turns to losses in H1-22; higher accumulated losses reported

Dubai – Mubasher: Drake & Scull International (DSI) turned to net losses attributable to the parent of AED 89.09 million in the first half (H1) of 2022, against net profits of AED 77.33 million in H1-21. In the first six months (6M) of 2022, the …

Financial Results

18 August 2021 03:17 PM DSI records AED 77m profits in H1-21; lower accumulated losses

Dubai – Mubasher: Drake & Scull International (DSI) has reported net profits attributable to the equity holders of AED 77.336 million during the first half (H1) of 2021. The company generated revenues of AED 81.785 million in the first six months …

Financial Results

13 June 2021 11:10 AM DSI turns to profit at AED 115m in Q1; accumulated losses reduced

Dubai – Mubasher: Drake & Scull International (DSI) has turned profitable at AED 115 million during the first quarter (Q1) of 2021, against a net loss of AED 30 million in the same period a year earlier. The company recorded a 17.9% increase in …

Financial Results

27 April 2021 09:52 AM Drake & Scull wins AED 376m contracts in Tunisia, India, Palestine

Dubai – Mubasher: Drake & Scull International (DSI) has been awarded contracts of more than AED 376 million for new projects in Tunisia, India, and Palestine. Despite the coronavirus (COVID-19) pandemic, DSI is also bidding for an AED 260 million …

Companies Investments

5 April 2021 10:26 AM Drake & Scull logs AED 4.9bn accumulated losses

Dubai – Mubasher: Drake & Scull International (DSI) has incurred accumulated losses of AED 4.9 billion as of 31 December 2020, representing 458% of the company's capital. The accumulated losses are driven by projects in progress and contract …

Financial Results

9 February 2021 10:08 AM Drake & Scull turns to profitability; restructuring process reaches final stage

Dubai – Mubasher: Drake & Scull International (DSI) has recorded AED 109.3 million net profits attributable to the equity holders in 2020, against AED 87 million net losses in 2019, according to the company's preliminary results for 2020. The …

Management Decisions

22 December 2020 11:28 AM Drake & Scull completes restructuring plan's first phase

Dubai – Mubasher: Drake & Scull International (DSI) has completed the first phase of its restructuring plan, in which the company has requested all creditors to register proof of their claims. After the Financial Reorganisation Committee approves …

Companies Investments