Dubai – Mubasher: Drake and Scull International (DSI) has stated that Tabarak Investment, a subsidiary of Tabarak Commercial Investment One Person Company, transferred 45 million of its shares in DSI.
Tabarak transferred the UAE-based developer’s shares from Emirates Investment Bank (EIBank) to another Financial Institution “as a collateral against financial facilities, whereby Tabarak Investment retains its actual ownership rights as the beneficiary owner of the shares”, according to a bourse statement released on Tuesday.
In May, DSI posted a net profit of AED 7 million for the first quarter of 2018.
