Investors and Media

Market Announcements

Depa Announces Resignation Of Two Board Members

7/13/2015

Dubai, UAE; 13 July 2015: The Board of Depa Limited [Nasdaq Dubai: Depa; “the Company”/“the Group”], one of the world’s leading interior contracting solutions providers, confirms receipt of Mr Iyad AbdulRahim’s and Mr Wassel Al Fakhoury’s resignations from their positions as Non-Executive, Non-Independent Board Members of the Company on 13 July, 2015.

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Depa Announces Resignation of Two Independent Board Members

6/17/2015

Dubai, UAE; 17 June 2015: The Board of Depa Limited [Nasdaq Dubai: Depa; “the Company” / “the Group”], one of the world’s leading interior contracting solutions providers, confirms receipt of Mr El Sayed Zakaria’s and Mr Mohamed Idriss’ resignations from their positions as Independent Board Members of the Company on 16 June, 2015. Regrettably their other professional commitments became too great for them to fulfill the requirements of their respective positions.

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Q1-2015 Results

5/19/2015

Dubai, UAE; 19 May 2015: Depa Limited [Nasdaq Dubai: Depa; “the Company” / “the Group”], one of the world’s leading interior contracting solutions providers, today published its first quarter trading update for the three-month period ended 31 March 2015, increasing its net profit after non-controlling interest [“NCI”] by 7% year-on-year to AED 15 million, despite a slight fall in revenue by 5% down to AED 440 million.

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Depa appoints Nadim Akhras as Group CEO (1)

4/2/2015

Dubai, UAE; 2 April 2015: The Board of Directors of Depa Limited (Nasdaq Dubai: DEPA), one of the world’s leading interior contracting companies, confirmed on 1 April 2015 that it has appointed Nadim Akhras as Group Chief Executive Officer, effective immediately.

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Notification of Transaction of Shares - 25 March 2015

3/25/2015

Dubai, UAE; 25 March 2015: On 22 December 2014, Mr Khaldoun Tabari, a Non-Executive Non-Independent Board Director at Depa Limited, transferred 37,567,493 ordinary shares in the Company (his entire holding, previously held under Al Mal Capital PJSC) into a family trust under Clarity Fund Spc Ltd.

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APPOINTMENT OF INDEPENDENT BOARD MEMBER TO THE AUDIT AND COMPLIANCE COMMITTEE

11/27/2014

Dubai, UAE; 27 November 2014: Depa Limited (Nasdaq Dubai: DEPA), one of the world’s leading interior contracting companies, announces the appointment of Mr Mohamed Idriss as an independent member to the Audit and Compliance Committee with immediate effect. The appointment was approved during the Board of Directors meeting held on 20th November 2014.

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Appointment Of Independent Board Of Director

10/14/2014

Dubai, UAE; 14 October 2014: Depa Limited (NasdaqDubai: DEPA DU), one of the world’s leading interior contracting companies, announces the appointment of Mr Mohamed Idriss as an Independent Non-executive Board Director, replacing Mr Fahad Al Nabet, with immediate effect. The appointment, along with Mr Al Nabet’s resignation, was approved during the Board of Directors meeting held 12 October 2014; The Board appointed Mr Idriss in line with the Company’s Articles of Association, his re-appointment will be subject to shareholder resolution at the Company’s next general assembly.

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Depa Announces Resignation Of CIO

9/30/2014

Dubai, UAE; 30th September 2014: Depa Ltd (“Depa” or the “Company”), one of the world’s leading interior contracting companies, announces the resignation of Khalid Al Sawalhi, Chief Investment Officer, who has resigned to pursue other opportunities.

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Depa Secures Two Hotel Fit-Out Contracts In Dubai

9/22/2014

Dubai, UAE; 22 September 2014: Depa Ltd (“Depa” or the “Company”), one of the world’s leading interior contracting companies, has signed two new interior fit-out contracts in Dubai totalling AED 144 million with the Emerald Palace Kempinski Hotel, Palm Jumeirah, and the Novotel World Trade Centre.

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Depa Board Names Mohamed Al Fahim As Chairman

9/15/2014

Dubai, UAE; 15 September 2014: Depa Limited (Nasdaq Dubai: Depa), one of the world’s leading interior contracting companies, announces the appointment of Mr. Mohamed Ali Al Fahim as Chairman of the Company. This follows the resignation of Mr. Hasan Ismaik on the 25 June 2014. The appointment was approved unanimously by the Board of Directors Meeting on the 8 September 2014.

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Depa Announces Interim 2014 Financial Results

9/1/2014

Dubai, UAE; 01 September 2014: Depa Limited (“the Company”) [Nasdaq Dubai: “Depa”], one of the world’s leading interior contracting companies, announced its financial and operational results for the six month period ended 30th June 2014.

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Depa Limited- Appointment of Interim Board Director

8/26/2014

Dubai, UAE; 26 August 2014: Depa Limited (Nasdaq Dubai: Depa), one of the world’s leading interior contracting companies, announces that on 25th August 2014 the Board approved the appointment of Eng. El Sayed Zakaria Mohamed Ibrahim as an interim Board member. A permanent arrangement will be discussed and determined during the Board’s next formal meeting.

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Correction - APPOINTMENT OF INTERIM BOARD DIRECTOR

8/26/2014

Dubai, UAE; 26 August 2014: Depa Limited (Nasdaq Dubai: Depa), one of the world’s leading interior contracting companies, announces that on 25th August 2014 the Board approved the appointment of Eng. El Sayed Zakaria Mohamed Ibrahim as an Non-independent Non-executive interim Board Director. A permanent arrangement will be discussed and determined during the Board’s next formal meeting.

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Clarification on Share Trading Suspension

8/25/2014

Dubai, UAE; 25 August 2014: Depa Limited (Nasdaq Dubai: Depa), one of the world’s leading interior contracting companies, would like to clarify that today’s statement from the Dubai Financial Services Authority suspending trading in Depa Ltd shares is due to technicalities concerning the composition of the Board and its committees which are not aligned with the Corporate Governance Principles set out in the DFSA’s Markets Rules. The Board is discussing these issues including the constitution of the board, the appointment of a permanent Chairman and membership of the Board committees, and will keep the market informed of its progress.

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CONTACT US

Depa Group, Vision Tower,
35th Floor, P.O. Box 56338,
Dubai, U.A.E.
T: +9714-446-2100
F: +9714-446-2102
info@depa.com

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