Muin Al Saleh: Returns as CEO to Revitalize Drake & Scull

Portfolio - People | Nov 21, 2024 | Zawya

Muin Al Saleh: Returns as CEO to Revitalize Drake & Scull

Drake & Scull, a Dubai-based contractor, has announced the appointment of Muin Al Saleh as its new CEO with the aim of rejuvenating the company's operations and stimulating growth. Al Saleh, who previously served as CEO of Drake & Scull from 2017 to 2019, takes over following the firm's return to the Dubai Financial Market after a five-year pause due to a debt restructuring process. His leadership strategy will focus on enhancing operational efficiency, cost control, fulfilling project deliveries, and securing new contracts. Before returning to Drake & Scull, Al Saleh held the position of general manager at Al Majal Al Arabic Group in Riyadh.

Sectors

  • Construction and Engineering
  • Financial Markets

Geography

  • United Arab Emirates – Drake & Scull is a Dubai-based contractor, and the company's activities are primarily concentrated within the UAE.
  • Saudi Arabia – Muin Al Saleh was most recently a general manager at Al Majal Al Arabic Group based in Riyadh, making Saudi Arabia pertinent to his professional background.

Industry

  • Construction and Engineering – The industry is relevant to Drake & Scull as it operates within the field of construction and contracting services, focusing on infrastructure projects and building developments.
  • Financial Markets – Relevant due to Drake & Scull's return to the Dubai Financial Market after a period of debt restructuring, signifying its involvement in public trading activities.

Financials

    Participants

    NameRoleTypeDescription
    Drake & ScullTarget CompanyCompanyA Dubai-based contractor involved in construction and engineering projects, recently returned to financial trading after restructuring.
    Muin Al SalehCEOPersonRecently reappointed as CEO of Drake & Scull, with a focus on revitalizing company operations and growth.
    Dubai Financial MarketFinancial MarketCompanyThe stock exchange where Drake & Scull resumed trading after a five-year hiatus.
    Al Majal Al Arabic GroupFormer Employer of CEOCompanySaudi Arabian company where Muin Al Saleh served as a general manager before rejoining Drake & Scull.