Drake and Scull International replaces its CFO

Posted on 19th July 2019

Drake and Scull International replaces its CFO
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According to *Arabian Business news report, embattled Dubai-based contractor Drake and Scull International (DSI) has replaced its chief financial officer, according to a statement filed to the Dubai Financial Market (DFM).

"We would like to inform you that the company appointed Mr. Saed Saabneh as new Group Chief Financial Office to replace the previous CFO," the statement said.

In June, DSI announced that Shafiq Abdelhamid was appointed chairman of its board, several weeks after Obaid Khadim Bin Touq Al Marri resigned from the role.

Additionally, the board also appointed a new member of the audit committee, Abdallah Al Matrooshi, to replace a resigned member.

In April, the Dubai-based contractor fired CEO Tawfiq Abu Soud just four months after he was appointed to the job. The April 24 board meeting also saw the departure of CFO Mohamad Ghanem.

*News source: https://www.arabianbusiness.com/construction/424011-drake-scull-appoints-new-cfo

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