Drake & Scull (DSI) has sent a release to the DFM commenting on an article published in Okaz news KSA regarding a lawsuit raised by Lamar Investment & Real Estate (Lamar) against DSI to retrieve SAR200mn, being the balance between the amounts it claims was received by DSI (SAR360mn) and the value of the completed works (SAR160mn), quoting Ahmed Halawai, Chairman of Lamar. DSI has neither confirmed nor denied the news, but mentioned that it is actively engaged with Lamar to arrive at an amicable resolution to the challenges faced by the company, hindering the progress of the project. DSI added that it had already taken cognizance of the financial impact for the project by eliminating it from order backlog and making necessary provisioning for it. It also reaffirmed its commitment to Saudi Arabian market. (Company disclosure, Saudi Gazette)   Drake & Scull International (DU): AED0.49 as of 3 October 2016, Rating: Sell, FV: AED0.34 per share, MCap: USD303mn, DSI UH / DSI.DU