By: Amr Adel
Dubai - Mubasher: The CEO of Drake and Scull International said that his company is expecting to finish their capital restructure plan by the third quarter of 2017.
Wael Allan added in a press conference on Sunday that Drake and Scull is in final stages to obtain the approval for the capital reduction in Q1-17.
Tabark Investment has acquired the former CEO’s stake that amounts to 10.4%, becoming the main shareholder.
The company is in negotiations for three new projects, the CEP indicated, adding that Drake and Scull hopes it will be awarded the Makkah Metro project in Q4-17 or Q1-18.
