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Thursday, 8 December 2016

Dubai contractor Drake & Scull appoints strategic and financial advisor | Reuters

Dubai contractor Drake & Scull appoints strategic and financial advisor | Reuters:

"The board of Dubai-listed construction and engineering firm Drake & Scull (DSI) has appointed PricewaterhouseCoopers (PwC) as a strategic and financial advisor, DSI said on Thursday.

The consultancy firm will assist with "examining the company's capital structure and financial liabilities", according to a bourse filing.

DSI announced last month it was reviewing its business to address market challenges which could lead to a withdrawal from non-core markets, retrenching on civil works in Saudi Arabia and a more conservative stance on recovering certain receivables."



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