Drake and Scull International PJSC assembles a formidable executive team ahead of listing

Since the IPO in July 2008, four powerful industry leaders have been recruited to ensure DSI has an extremely experienced executive team available to lead the company into the future as a public company. This remarkable and highly experienced team consists of Charles Lever as General Manager & Director of MEP, Michael Salmon as Chief Commercial Officer, Zeina Tabari as Chief Corporate Affairs Officer and Kamil Daniel as Chief Investment Officer.

DSI's IPO, which was 101 times oversubscribed, attracted around 45,600 applicants who invested funds of approximately Dhs1.2bn into the company. These funds will be used for three purposes: organic growth, the development of existing business and pursuing strategic acquisitions. DSI will be the first specialist MEP contracting Company to list on the Dubai Financial Market.

DSI CEO and Vice Chairman Khaldoun Tabari says:

"DSI is one of the strongest MEP companies in the UAE. It is therefore vital that as a soon to be publicly listed company we have the best officers to lead it to help us achieve our growth strategy. I am confident that with their breadth of experience and depth of knowledge we are superbly placed to take full advantage of the many opportunities the listing offers."

Fellow of the Chartered Institute of Building Service Engineers, Charles Lever has been appointed General Manager and Director of MEP. His role encompasses the development and implementation of effective business strategies to ensure the successful delivery of DSI's MEP services across the MENA region.

Michael Salmon has over forty years experience in the engineering and construction industry. As DSI's Chief Commercial Officer his chief objective will be to introduce and implement the systems and controls to take effect as a result of DSI's IPO. Prior to DSI, Salmon was with Drake & Scull UK for 15 years working on major projects such as the London Underground's Jubilee line extension.

Previously DSI Corporate Service Director, Zeina Tabari, has been promoted to Chief Corporate Affairs Officer with the task of managing communication at all levels between DSI, the financial community, and other stakeholders. She will also oversee the entire corporate communications programme to ensure a seamless link is maintained in the presentation of all external and internal communications.

Kamil Daniel joins DSI as Chief Investment Officer where he draws on his experience at Standard & Poor and as an adviser to the Economic Planning Unit of the Malaysian Prime Minister's Department to direct the overall investment program and provide oversight of externally managed investments. Daniel will also undertake the research and implementation of the merger and acquisitions programme.