DSI looking to acquire two Saudi companies
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DSI looking to acquire two Saudi companies

DSI looking to acquire two Saudi companies

Zeina Tabari, chief corporate affairs officer at Drake and Scull International (DSI) has said the firm is in the due diligence stage for two new acquisitions in Saudi Arabia worth around Dhs700m and that it is eyeing India next, Gulf News has reported. Tabari did not name the two firms but said one of them is a mechanical, electrical and plumbing (MEP) company and the other a civil construction company, both of which were established in the kingdom over 20 years ago. "Fifty per cent will be funded from the company's IPO cash and the remaining 50 per cent will be leveraged through banks," she said.

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