Dubai – Mubasher: Traders on the Dubai Financial Market (DFM) on Tuesday acquired 190 million of Drake and Scull International’s (DSI) shares.
The purchases followed the company’s announcement that Tabarak Investment Company acquired part of the shares of former DSI CEO Khaldoun Tabari.
The shares purchased represent 8% of DSI’s total issued shares, and were sold during the first few minutes of Tuesday’s trading session at 43 fils per share.
Following the sale, Tabarak's stake in DSI increased to range between 18% and 20%, making it the largest shareholder in the company, according to recent data.
DSI stock ended Tuesday down 0.46% to reach AED 0.430 with turnover of AED 118.84 million, through exchanging 275.8 million shares.
