Dubai court orders ex-DSI CEO to pay $41M in damages, leading to a rise in the company’s stock.

Dubai's Court of Cassation has ordered former Drake & Scull International (DSI) CEO Khaldoun Rashid Tabari and another ex-official to pay Dh151.97 million ($41.16 million) in damages to the company. The ruling includes 5% annual interest until full payment and is final. DSI's shares rose following the ruling, and the firm is now focusing on new projects and shareholder value.

January 15, 2025
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