DSI confirms stake sale to Tabarak Investment

Dubai – Mubasher: Drake and Scull International (DSI) confirmed that its former CEO Khaldoun Tabari has sold a tranche of his shares in the company to Tabarak Investment, according to a bourse filing.

The company will unveil further updates upon the completion of the clearing and settlement procedures of the sale transaction.

With the sale, Tabarak's stake in DSI ranges between 18% and 20%, making it the largest shareholder in the company, sources earlier told Zawya.

Mubasher Contribution Time: 13-Jun-2017 06:47 (GMT)
Mubasher Last Update Time: 13-Jun-2017 06:54 (GMT)