Qatar - Gulf Drilling International to Become Wholly Owned Subsidiary of Gulf International Services


(MENAFN- Qatar News Agency) Gulf International Services ("GIS" or "the group"; QE: GISS, with interests in a broad cross-section of industries, ranging from insurance, re-insurance, fund management, onshore and offshore drilling, accommodation barge, helicopter transportation, and catering services ) issued Sunday a brief statement to Qatar Exchange confirming that the company has entered into discussions with the foreign partner in its joint venture, Gulf Drilling International, regarding the acquisition of its 30% stake in the capital of GDI in order for GDI to become a wholly owned subsidiary of Gulf International Services.


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