Dubai – Mubasher: Drake & Scull International (DSI), a leading global construction engineering company, has appointed the Dubai-based Shuaa Capital as an adviser on its debt restructuring, Reuters reported, citing two sources as saying.
Both DSI and Shuaa Capital declined to comment on the matter.
Last February, DSI announced it had formed a Restructuring Committee to help in rebuilding the company’s leadership management team with industry professionals.
In November 2018, DSI hired Trussbridge Advisors (DIFC) as financial advisors for the company's restructuring and chose Deloitte to advise on a new business plan.
