Depa announces appointment of new Independent Non- Executive Director

Depa announces appointment of new Independent Non- Executive Director

21st Jun 2024

Depa PLC (“Depa”), the leading global interior solutions group, announces the appointment, with immediate effect, of the following as an Independent Non-Executive Director:

Mr. Fouad Alrashed:

Mr. Alrashed brings over 24 years’ real estate, commercial and accounting experience to the Board. He is currently the CEO of Sulaiman Al Rajhi Real Estate Investments Co. in Saudi Arabia, and has held several posts during his career, including CEO of Rafal Real Estate Development Co. (2019-2020); CEO of Asala Holding (2019-2012); VP for Finance & Administration of Mohamad Alhabib Real Estate Co (2007-2012); Executive Finance Manager of MODON (2004-2007); Finance Manager of Riyadh Development Co. (2002-2004); and Chief Internal Auditor of the Riyadh Al-Kharj Military Hospital (2000-2002).

In addition to his professional accounting qualifications, Mr. Alrashed holds a Bachelor of Administration Sciences (Accounting) degree from King Saud University, and an advanced Diploma in Accounting from the Economics Institute, Boulder, Colorado, USA.

Full biographies for each appointed director is available on Depa's website.

Depa confirms that no further information is required to be disclosed pursuant to its listing obligations

For further information, please contact:

Depa PLC
Tel: + 971 4 821 6666

David Holiday, Group Chief Legal Officer and Company Secretary

For more information, please refer to the corporate website:

Notes to editors:

Depa is a strategic management company specializing in premium global interior solutions. Depa’s three key business units hold leading positions in their respective markets: Vedder, Depa Interiors, and Deco Group. Employing thousands of people worldwide, the Group’s operations are centered on two regional hubs: Europe and the Middle East.

Depa’s mission, shared by each of its key business units, is to deliver sustainability, profitability, and performance for its clients, shareholders, and employees. The Group’s five core values are integral to everything Depa does: transparency, integrity, accountability, professionalism, and exceptional service.

Depa PLC is listed on the Nasdaq Dubai (DEPA: DU and DEPACLA: DU) and is headquartered in the Kingdom of Saudi Arabia.

Cautionary statement:

This document may contain certain 'forward-looking statements' with respect to Depa's financial condition, results of operations and business, and certain of Depa's plans and objectives with respect to these items. By their very nature, forward-looking statements are inherently unpredictable, speculative, and involve risk and uncertainty because they relate to events, and depend on circumstances, which may occur in the future. There are several factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. All written or verbal forward-looking statements, whether made in this document or made subsequently, which are attributable to Depa or any other member of the Group or persons acting on their behalf are expressly qualified on this basis. Depa does not intend to update any such forward-looking statements.