Dubai – Mubasher: Drake and Scull International’s (DSI) shareholders will hold its general assembly on 4 September to review the board’s report regarding the proposed capital cut, according to a statement.
The issued capital worth AED 2.3 billion should decline by 75% through diminishing accumulated losses valued at AED 1.7 billion.
The shareholders will look into opening the door for nominations for the board elections, and inviting the members of the general assembly to cast their votes.
The shareholders will also approve the appointment of Khamis bu Amim and Mohammad Subhi Atatreh as new board members.
