Dubai: DSI shares included in MSCI GCC Index

Dubai-based contractor, Drake & Scull International (DSI), has announced that its shares have been included in the
MSCI GCC Index.

The move demonstrates the growing regional and international confidence in DSI’s turnaround plan, which is expected to help bolster investor interest in the company.

DSI’s inclusion in the MSCI GCC Index comes just a month after the company’s successful completion of a comprehensive Recapitalisation Program, designed to improve the financial and operational performance of the group. It also follows a series of strategic appointments and changes within DSI geared towards further streamlining the business.

The new management views MSCI’s decision as a very positive and timely development amidst the company’s
ongoing efforts to reorient itself for recovery and growth.

Rabih Abou Diwan, investor relations director of DSI, said: “DSI’s inclusion in the MSCI GCC Index affirms the unwavering confidence from regional and international investors and our unique market positioning. It proves that our ongoing reorganisational efforts are on track and leading us to new and exciting opportunities and a more
sustainable future. The inclusion further emphasises our successful efforts to increase transparency, enhance corporate governance, and improve our investor outreach program.”