Drake & Scull International finalises restructuring ...United Arab Emirates

Drake & Scull International (DSI) has announced the closing of the subscription for new capital, with proceeds exceeding US $122mn through the distribution of 2.8bn shares. The company said the subscription was open only to current shareholders from 25 April to 10 May, at a discounted rate of 25 fils per share. The process, which received an overwhelming response from shareholders, exceeded by 150% the minimum required to complete the restructuring process. Thanks to this solid response, DSI’s new capital will amount to $789.4mn, the firm said. The Dubai contractor’s shares will resume trading on the Dubai Financial Market on 20 May, after completing the procedures required by the regulator

Hence then, the article about drake scull international finalises restructuring was published today ( Wednesday 15/05/2024 - 09:05 AM ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Drake & Scull International finalises restructuring )

Also on site :

• 'Meghan Markle has a habit of falling out with Hollywood's power brokers': SNL's 'terrorist' takedown and her Met Gala absence is more proof duchess is burning bridges in US, experts say
• Lauren Sanchez mercilessly mocked after boasting about losing two pounds ahead of the Met Gala: 'That's just water weight'
• Raymah: Popular gatherings in Bilad Al-Ta’am District celebrate security achievements & affirm readiness