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DSI rules out selling stake in company
- United Arab Emirates: 5 hours, 27 minutes ago
Khaldoun Tabari, the chief executive of Dubai-based Drake and Scull has ruled out plans to sell his stake in the company, but said there will be more partnerships on projects with builder Arabtec, Reuters has reported. "I have heard the speculation," said Tabari on the sidelines of a conference in Abu Dhabi. "I am not interested in selling my stake. Our shares are out in the market and our company is doing well. We have always worked closely with Arabtec and will continue to do so. You are going to see more announcements of us working closely with Arabtec."
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