June 11, 2017 / 12:47 PM / a year ago

Former CEO of Dubai's DSI sells stake to Tabarak Investment -Zawya

DUBAI, June 11 (Reuters) - A former chief executive of Dubai’s Drake & Scull International, Khaldoun Tabari, has sold his stake in the Dubai builder to strategic investor Tabarak Investment, Zawya reported on Sunday, citing a source.

Tabarak’s stake stands at about 18 to 20 percent after the sale, making it the largest shareholder in the company, the source told Zawya, a Thomson Reuters service. The sale is believed to have taken place on Thursday.

DSI’s chief executive Wael Allan confirmed to Zawya that a sale transaction had taken place but did not elaborate. A DSI spokesman could not immediately be reached for comment. (Reporting by Hadeel Al Sayegh; Editing by Andrew Torchia)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below