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المشهد العربي
Source: المشهد العربي
9 Hrsالمشهد العربي
Source: المشهد العربي
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Drake & Scull International announced that its accumulated losses had reached AED 1.66 billion at the end of September 2026, equivalent to about 57% of its paid-up capital. The company attributed the losses—most of which were incurred between 2015 and 2019—to cost overruns on legacy projects, receivables, the write-off of goodwill and brand value, the cashing of bank guarantees, and banking restrictions and court rulings that constrained liquidity.
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