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IBRAHIM BELSELAH APPOINTED DEPA CHAIRMAN 19 June 2016; Dubai, UAE: Depa Limited [Nasdaq Dubai: DEPA; ""the Company""/""the Group""], one of the world's leading interior contracting companies, today announces the appointment of Ibrahim Belselah as its independent and non-executive Chairman. Mr. Belselah joined the Board on 30 May of this year. Commenting on his appointment, Ibrahim Belselah said: ""Depa is a company with a proud history and a promising future, and I am delighted to be appointed as its Chairman. I look forward to working with the Board and leadership team to help the Group's many world class brands reach their full potential. By embodying the values of transparency, integrity, accountability, professionalism and exceptional service, we will work together to put Depa on the path towards sustainable long-term growth and profitability."" Ibrahim Belselah has over thirty years of experience working in senior leadership positions across public and private organisations. He previously served as the Executive Chairman of the Board of Damas International Limited and provided expert counsel to investment banking firm Rothschild Group and Trafigura Beheer B.V., one of the world's largest commodities trading companies, on their strategy in the Middle East. Among Ibrahim Belselah's career highlights was his service as Lead Counsel to the UAE Government when the World Bank and International Monetary Fund held their 2003 Annual Meetings in Dubai. Additionally, he led on the issuance of the UAE's first Government bond and served as a key team member of the Dubai e-Government Initiative. Mr. Belselah was Chairman of Arabtec Holding P.J.S.C. from 2011 to 2012, and CEO of Abu Dhabi-based Reem Investments between 2005 and 2006. He holds a Masters in Industrial Engineering and MBA from the University of New Haven in the United States. Depa Limited is a strategic management company specialising in global interior solutions. Headquartered in the UAE, its operating subsidiaries include Design Studio, Vedder, Depa Interiors, Eldiar, Carrara, Deco and The Parker Company. - End - For further inquiries, please contact:
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