Dubai – Mubasher: Former CEO of Dubai's Drake and Scull International (DSI) Khaldoun Tabari has sold his stake in the company to Tabarak Investment, Zawya on Sunday reported, citing a source with knowledge of the matter.
With the sale, Tabarak's stake in DSI ranges between 18% and 20%, making it the largest shareholder in the company, the source told Zawya.
DSI's current CEO Wael Allan told Zawya that the sale process had taken place, but did not elaborate on further details.
Tabari had decreased his stake in DSI to 8.30% from 12.8%, according to a previous statement.
