ID :
50954
Tue, 03/17/2009 - 13:17
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Shortlink :
https://oananews.org//node/50954
The shortlink copeid
Drake '&' Scull lists on DFM
Drake '&' Scull International PJSC (DSI) - the UAE service provider of mechanical, electrical and plumbing (MEP) contracting, infrastructure, water and power (IWP) and civil contracting - yesterday became the first specialised MEP company to list on the Dubai Financial Market (DFM) bourse.
In July 2008, the company offered 55% of its shares with a value of Dh 1.2 Billion. The initial public offering (IPO) was 101 times oversubscribed with around 45,600 subscribers investing roughly Dh 124 billion into the company.
"We are delighted at the prospect of today's listing. It signifies a huge reward since our humble beginning in 1966, and is the culmination of much hard work by all our staff who we still view as our most valuable asset," says Khaldoun Tabari, Vice Chairman and Chief Executive Officer of DSI.
The company's ticker on the DFM is "DSI".
In July 2008, the company offered 55% of its shares with a value of Dh 1.2 Billion. The initial public offering (IPO) was 101 times oversubscribed with around 45,600 subscribers investing roughly Dh 124 billion into the company.
"We are delighted at the prospect of today's listing. It signifies a huge reward since our humble beginning in 1966, and is the culmination of much hard work by all our staff who we still view as our most valuable asset," says Khaldoun Tabari, Vice Chairman and Chief Executive Officer of DSI.
The company's ticker on the DFM is "DSI".
