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Dubai's Drake & Scull wins $87 mln contracts in Saudi, UAE

Published: 13 Nov 2012 - 08:55 am | Last Updated: 06 Feb 2022 - 04:22 pm

DUBAI:  Dubai-listed Drake & Scull has won three contracts in Saudi Arabia and Abu Dhabi worth a total of around 318.5 million dirhams ($86.7 million), the firm said in a statement on Tuesday.
 
The mechanical, electrical and plumbing contracts cover a commercial development in the west of Saudi Arabia worth 83 million riyals ($22.1 million), as well as a government administration facility and a hospitality venue in Abu Dhabi worth 115 million dirhams and 118.5 million dirhams respectively, the statement said.
 
Drake & Scull is due to report its third-quarter earnings on Wednesday.
 
The average forecast of six analysts is for a 29 percent drop in profit compared to the same period last year. (Reuters)