Depa secures a new win in Saudi Arabia circa SAR 140 million

Depa secures a new win in Saudi Arabia circa SAR 140 million

23rd Jul 2024

Depa PLC (“Depa”), the leading global interior solutions group, announces that its key business unit – Depa Interiors Group – has recently won the fit-out works for a luxury boutique hotel at the Triple Bay in Amaala, Kingdom of Saudi Arabia.

Haitham Tuqan, Depa’s Group Chief Executive Officer, commented:

 “This project is a testament to our expertise and proficiency in the luxury hospitality sector, as well as our long-standing relationship with our valued clients in the Kingdom of Saudi Arabia. We are proud to be part of this iconic development, which reflects our strategic focus on enhancing our fit-out portfolio in the region and our unwavering dedication to quality and innovation.”

For further information, please contact:

Depa PLC

Tel: +966 11 515 0666  |  +971 4 821 6666

Haitham Tuqan, Group Chief Executive Officer

Nader Mardini, Group Chief Financial Officer

For more information, please refer to the corporate website: www.depa.com

Notes to editors:

Depa is a strategic management company specializing in global interior solutions. Depa’s key business units hold leading positions in their respective markets: Vedder Group, Depa Interiors Group, 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 (Ordinary shares: DEPA:DU) and (Ordinary Class A Shares: DEPACLA:DU) and is headquartered in Riyadh, 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 a number of 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.

 

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