Drake & Scull International says its negative equity position had improved to Dh4bn by the end of last year, compared to Dh4.7bn a year earlier. Rich-Joseph Facun / The National
Drake & Scull International says its negative equity position had improved to Dh4bn by the end of last year, compared to Dh4.7bn a year earlier. Rich-Joseph Facun / The National

Property

Dubai's Drake & Scull making significant progress in restructuring plan, says chairman

Company debt ranged between Dh7.5bn to Dh8bn and talks with four biggest creditors has yielded "advanced results"

The National

February 24, 2020