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 )

Last updated : 15 May 2024 clock 09:05 AM

Also on site :

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

Ghislaine Maxwell's niece is forced to step down as school governor after claiming Epstein abuser is 'no danger to the public'

Blake Lively SNAPS at Met Gala red carpet helpers in wild diva moment after settling legal battle with Justin Baldoni

H&H completes City Tower on Sheikh Zayed Road

Moment teacher who 'sexually assaulted and murdered baby he was adopting' tells hospital medics, 'I killed him'

Storage Wars star Darrell Sheets' cause of death revealed after he was found dead at age 67

David Haye confirms plans to sue ITV for 'more than £10million' over I'm A Celeb 'bullying' row as he claims bosses 'heavily manipulated' show and caused 'irreparable damage to his brand'

'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

Mrs. Delma Norene Byrd

March and Maneuver for Graduates of "Al-Aqsa Flood" Course

Meeting in Hajjah to Strengthen Mobilization and Development Efforts

Early morning pre-flight airport pints should be banned, Ryanair boss says

2026 Spring Squirrel Hunting Season to Open May 9

Inspecting summer courses in Al-Jumaimah Directorate

Madonna, 67, caught giving death look to one of her pretty 'nymphs' after ordering her to move on Met Gala steps

Stunning downfall of 'liberal wunderkind' who was once a rising political star... only to end up chanting 'Death to America' in Tehran