Drake & Scull chairman resigns

The board will elect a new chairman in the upcoming meeting after Majid Saif Al Ghurair resigned for personal reasons

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Dubai

Drake & Scull International (DSI) said on Sunday Majid Saif Al Ghurair has resigned from the chairmanship of the board of directors for personal reasons. The board will elect a new chairman in the upcoming meeting, the company said in a statement posted on Duabi Financial Market’s website.

The board will meet on September 12, the company said in a separate statement. In this meeting, the board will elect a chairman and a vice-chairman along with the appointment of investment committee members. DSI closed 1 per cent higher at Dh0.385.

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