Drake and Scull International Shares Included in MSCI GCC Index

Drake & Scull International PJSC (DSI), a regional market leader in engineering and construction services, has introduced that its shares have been consisted of in the MSCI GCC Index. The relocation shows the expanding regional and global confidence in DSI's turn-around plan, which is expected to assist reinforce investor interest in the company.

DSI's inclusion in the MSCI GCC Index comes simply a month after the company's effective conclusion of a detailed Recapitalization Program developed to enhance the economic and operational performance of the Group. It likewise follows a series of calculated appointments and adjustments within DSI tailored towards better enhancing business. The brand-new management views MSCI's decision as a very favorable and prompt growth among the company's recurring initiatives to reorient itself for recovery and development.

Rabih Abou Diwan, Investor Relations Director of Drake & Scull International PJSC, said: "DSI's inclusion in the MSCI GCC Index affirms the unwavering self-confidence from regional and international financiers and our unique market positioning. It confirms that our continuous reorganizational initiatives get on track and leading us to brand-new and interesting opportunities and an extra lasting future. The incorporation even more emphasizes our effective initiatives to enhance transparency, improve corporate administration, and improve our investor outreach program."