Bloomberg News

Drake & Scull Price Estimate Raised 9% at Goldman Sachs

February 22, 2012

Feb. 22 (Bloomberg) -- Drake & Scull International PJSC, a Dubai-based construction company, had its price estimate raised 9 percent to 1.68 dirhams at Goldman Sachs Group Inc., citing the company’s order backlog.

The stock was also included in the bank’s Central Eastern Europe Middle East & Africa Focus List with a “buy” rating.

The shares were trading 0.2 percent higher at 96.1 fils at 12:06 p.m. in Dubai today.

To contact the reporter on this story: Shaji Mathew in Dubai at

To contact the editor responsible for this story: Daliah Merzaban at

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