Drake & Scull chairman resigns
Obaid Bin Touq resigned along with another board member, Khamis Buamim
The chairman of Drake & Scull International (DSI) has resigned.
According to a filing on Dubai Financial Market, the chairman, Obaid Bin Touq, resigned along with another board member, Khamis Buamim.
The departures come soon after DSI terminated its group CEO Tawfiq Abu Soud, a couple of weeks back, after he was just four months at the company, as the firm posted a record loss of $1.23bn.
The company stated in the bourse filing that the Board "will elect new members soon".