Investor and Media Centre

Depa Limited strengthens the Board with appointment of two new Independent Non-Executive Directors

Dec 9 ,2013

Dubai, UAE; 9th December 2013: Depa Limited, one of the world’s leading interior contracting companies, announces today that Mr. Roderick Maciver and Mr. Fahad Al Nabet have been appointed to the Company’s Board as Independent Non-Executive Directors. These two appointments replace Mr. Mohannad Sweid and Mr. Fawaz Al Hokair, both of whom have resigned from the Board.

 

Mr. Maciver has had a long and distinguished career in the construction industry.  He is currently an advisor to the Consolidated Contractors Company, one of the Middle East’s largest construction company.  Prior to this, Mr. Maciver spent around ten years with Carillion International becoming a Director of the firm in 2007 having been managing director of Operations, MENA.  Mr. Maciver started his career at George Wimpey & Co Limited, after which he spent three years with Tarmac International in the late 1990s.

 

Mr. Al Nabet is a senior counselor in his own legal practice located in Riyadh.  He has over 12 years of experience in litigation, corporate law, corporate governance and business transactions. He studied law at King Saud University.

 

Hasan Abdullah Ismaik, Chairman of Depa Limited, said: “These two new hires complete a very strong Board of Directors, all of whom are business leaders in their own right.  Together we will take the business forward into the next phase of its growth strategy.”

 

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For further inquiries, please contact:

 

Brunswick Gulf Ltd

Rupert Young / Jade Mamarbachi

Tel: 971 4 446 6270

depa@brunswickgroup.com

 

 ABOUT DEPA LIMITED

Depa Limited is a leading interior contracting company in the Middle East, North Africa and Southeast Asia regions. Operating principally in the luxury fit-out industry, its main areas of business cover luxury hotels, infrastructure and public sector amenities such as hospitals and airports, high-end residential properties, retail outlets, as well as yachts. Depa is listed on the NASDAQ Dubai (ticker DEPA) and has Global Depositary Receipts on the regulated market for listed securities of the London Stock Exchange plc (ticker DEPA and DEPS).

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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