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Drake & Scull International presented the Plan in tandem with Aaronite Partners, which was appointed as the expert by the Financial Re-organisation Committee made of past lenders to the company. It’s not known what the immediate options would be for Drake & Scull if trade creditors do not approve the Plan. Would it mean that the independent expert will have to come up with a reworked plan of action or something much broader? Drake & Scull’s problems came to light in 2019 after the company said it was suffering from accumulated losses of well over Dh4 billion. ....
Drake & Scull Int'l completes first phase of its restructuring plan constructionweekonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from constructionweekonline.com Daily Mail and Mail on Sunday newspapers.