Dubai – Mubasher: Drake and Scull International (DSI) on Sunday announced that Tabarak Investment, a subsidiary of Tabarak Commercial Investment, has transferred 57.098 million of its shares in DSI to Emirates Investment Bank (EIBank).
The share transfer to EIBank took place as a collateral against financial facilities, DSI said in a statement to the Dubai Financial Market (DFM).
Following the deal, Tabarak Investment retains its actual ownership rights as the beneficiary owner of the shares in DSI, the statement showed.
