Investor and Media Centre

Depa national and foreign ownership update

Mar 7 ,2010

Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s largest interior contractors, today confirms that its foreign and national shareholder makeup, as of close of business 3 March 2010, are as follows:

UAE nationals – 53.30%

Foreigners – 46.70%

 

For further inquiries, please contact:

Depa Limited

Noor Sweid

Managing Director, Strategy

noor.sweid@depa.com

Tel: +971 4 224 3800

 

Brunswick Gulf Ltd

Azadeh Varzi

avarzi@brunswickgroup.com

Tel: + 971 4 365 8260
 

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).

The range of business activities performed by Depa comprises:

 

·         Interior contracting : which focuses on luxury interior fit-out services, which include installation and finishing of floors, walls, ceilings, fixed joinery, panelling, wood-works, doors and frames;

·         Manufacturing : which comprises a network of factories and joineries which produce customized furniture, fixtures and equipment (FF&E);

·         Procurement : which involves the procurement of supplies and materials from third parties to support and complement Depa's interior contracting and manufacturing operations as well as third party procurement contracts for specific FF&E projects.

By integrating these services into a single package, Depa provides clients with comprehensive and customized interior contracting solutions.

With more than 8,000 employees worldwide, the company operates through an integrated network of subsidiaries, affiliates and representative offices located in the UAE, Saudi Arabia, Qatar, Egypt, Jordan, Syria, Libya, Morocco, India, Malaysia, Thailand, China, Singapore, UK, the Netherlands, and the United States. Through this network, Depa has successfully executed large and complex projects in over 16 countries including the Burj Al Arab Hotel (Dubai), Emirates Palace (Abu Dhabi), the Museum of Islamic Art (Doha), Four Seasons Hotels (Sharm El Sheikh & Mumbai) and Mazagan Resort (Casablanca).

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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