Friday 11 July 2014
 
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Depa

Hasan Ismaik quits Depa chairmanship

Hasan Ismaik, the former chief executive of embattled contractor Arabtec Holding, has resigned as chairman of Dubai interiors firm Depa. Ismaik told Reuters on Tuesday that he had left Depa, which has fitted out a number of Dubai&

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Depa Q1 net profit surges 27pc

Depa, a leading Dubai-based interior contracting company, has registered a 27 per cent jump in its net profit for the first quarter which rose to Dh14 million ($3.8 million) compared to Dh11 million last year. Depa reported a thre

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Arabtec rules out more Depa stake buys

Dubai builder Arabtec Holding said on Monday that it had no plans to increase its stake in interior contracting firm Depa. Recent media speculation about increasing its stake in Depa was baseless and "there are no plans at th

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No plans to buy more Depa stake: Arabtec

Dubai builder Arabtec Holding said on Monday that it had no plans to increase its stake in interior contracting firm Depa. Recent media speculation about increasing its stake in Depa was baseless and "there are no plans at th

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Depa names new board directors

Depa Limited, one of the world’s leading interior contracting companies, has appointed Roderick Maciver and Fahad Al Nabet as the independent non-executive directors to the company’s board. The development comes follow

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Depa wins major Abu Dhabi fitout project

Dubai-based Depa, a global leader in interior contracting, said it has secured a Dh574 million ($156 million) fit-out contract for a major government project in Abu Dhabi. The full scope of work includes the installation of struct

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Depa H1 revenue surges 22pc

Dubai-based Depa, a global leader in interior contracting, said it has registered a 22 per cent growth in its revenue for the first half which soared to Dh1.01 billion ($274.9 million) compared to Dh825 million last year. Announci

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Depa buys luxury fit-out business of German firm

Depa, a leading interior contracting company, has acquired the assets of German-based Loher Raumexklusiv’s luxury interiors business, through its wholly-owned German subsidiary, Vedder, for an undisclosed sum. Founded in 193

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Dubai builder Arabtec buys key stake in Depa

Arabtec Holding, Dubai's largest listed builder, said on Thursday it will acquire a stake in Depa, a day after the interior contractor's shares jumped 47 per cent on a rumoured buy. Arabtec said its board had approved the

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UAE firm keen to buy major share in Depa

Dubai-based interiors contractor Depa said on Tuesday that an unknown UAE-based entity plans to buy a significant stake in the firm, leading to a sharp rally in its shares. Depa, listed on the Nasdaq Dubai bourse, said it had no d

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