Drake and Scull International P.J.S.C. Reports Earnings Results for the First Quarter Ended March 31, 2023

Drake & Scull International PJSC (DSI) is a United Arab Emirates-based public joint stock company operates in the construction sector. The Company is primarily engaged in contracting work relating to the construction industry in the Middle East, Europe, Asia and North Africa region. The Company is organized into three business segments: the Mechanical, Electrical and Plumbing (MEP) segment provides mechanical, electrical, plumbing and sanitation works related to the construction industry; the Infrastructure, Water and Power (IWP) segment offers infrastructure, water treatment plants, district cooling plants and power plants services, and the Civil and others segment provides property construction, sanitation work and real estate activities. During the third quarter of the year ended December 31, 2011, the Company acquired the remaining 20% of the shares of Gulf Technical Construction Company LLC.