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
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
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.
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
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
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
Dubai-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
Lindner 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.
Dubai-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
Depa, 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