Drake and Skull International to pay 5 fils per share dividend for 2011

Dubai The MEP contracting giant Drake and Skull International will pay out a 5 fils per share dividend for 2011, subject to shareholder approval, the company announced this morning in a statement to the Dubai bourse.

DSI made the announcement after a board meeting Wednesday, at which it approved financial results from 2011 that showed contract revenue of over Dh 3 billion.

The contractor, which has been aggressively expanding in overseas markets including Saudi Arabia, earlier this year reported profit of over Dh 200 million in 2011, up from Dh 160 million in 2010.