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Drake & Scull International has appointed Khalid Jarrar as Chief Financial Officer and Mohammed Ghanem as Chief Legal Officer and has appointed Mike Grant as Chief Executive Officer.
Khalid Jarrar was the chief financial officer of Drake & Scull International during the subscription period.
"The restructuring committee has been restructured and Khamis Buamim, Ahmed Kilani and Tawfiq Abu Al Saud will be headed by Obaid Bin Touq," said the company in a statement released today in the Dubai financial market.
Mr. Obaid Bin Touq, chairman of the board of directors, said that the board of directors was striving to replenish the management team to include experienced professionals in the field of business. 39, activity of the society.
He expects these appointments to reinforce the ongoing restructuring efforts of the company, while supporting his efforts to develop a transition strategy that will provide a stable platform for the future.
He added that the company was working with the relevant government authorities to obtain the required approvals, so that it could inform its shareholders of its restructuring plans at the next meeting of the General Assembly.
According to the data available "Numbers" At its meeting last October, the Board of Drake & Scull International approved the creation of the restructuring committee, which includes Ahmad Kilani, Obaid Al Marri and Yousif Al Mulla, under the chairmanship of Khamis. Buamim.
International restructuring consultants were appointed last November to develop an integrated operational and financial plan in cooperation with the restructured restructuring committee.
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