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Dubai builder Arabtec buys key stake in DepaArabtec 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 More… |
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UAE firm keen to buy major share in DepaDubai-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 More… |
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Depa slips into $30m loss in H1Dubai-based Depa, a global leader in interior contracting, posted a loss of Dh110 million ($29.9 million) for the first half of the year as against a profit of Dh48 million during the same period in 2011. Half-year profitability was imp More… |
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Depa JV’s $245m Doha airport deal terminatedLindner Depa, an interior fitting joint venture between Dubai-based Depa and Germany's Lindner AG, has had a Dh900-million ($245.03 million) contract to fit out the new Doha International Airport terminated, Depa said on Sunday. The co More… |
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Depa narrows first quarter net lossDubai-based interior contractor Depa said its net loss for the first quarter of 2012 has narrowed to Dh8.7 million ($2.36 million) from last year's loss of Dh19.3 million thanks to an impressive order backlog. Announcing the Q1 results More… |
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Depa swings to H1 net profitDepa, a leading interior contracting company, returned to a first half net profit of Dh48 million ($13 million) this year after posting a Dh103.7 million loss during the same period in 2010. Annoucing the results on Wednesday, Depa CEO Moh More… |
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Depa says Arab Spring to dampen 2011 resultsInterior contractor Depa Ltd said on Thursday that regional unrest would cool its full-year results as the uncertainty prompted a delay in signing several large projects. Depa's backlog was 2.3 billion dirhams at the end of June, More… |
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Depa wins $3.2m UK hotel contractDepa, one of the world’s leading interior contracting companies, has secured a GBP2 million ($3.23 million) furniture, fixtures & equipment (FF&E) contract to fit out an entire luxury hotel project in the UK. Depa was appointed by More… |
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Depa posts 2010 loss in 'recession year'Interior contractors Depa reported a 2010 net loss of Dh198.2 million ($53.98 million), as the Dubai-based firm was hurt by claims over the world's largest tower and goodwill impairment charges. Depa said in a statement to Nasdaq Dubai More… |
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Depa wins Syria hotel projectDepa Limited, a leading interior contracting firm, said it has signed a Dh72 million ($19.8 million) contract for the complete fit-out and loose furnishings works on the five-star Yasmeen Rotana Hotel in Damascus, Syria. Depa was appointed More… |
