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Depa Limited Depa announces the appointment of Abdullah Salem Al Turifi as non-executive independent director

Aug 2 ,2018

Depa Limited ("Depa"), the leading global interior solutions group, has announced today the appointment of Mr. Abdullah Salem Al Turifi as a non-executive independent director.

Mr. Al Turifi is a non-executive member of the Board of Directors of the Commercial Bank of Dubai. He is the Chairman of the Sharjah Social Security Fund and Chairman of the Board of Trustees of the Sharjah Award for Doctoral Dissertations in Management Science. He is also a member of the Board of Directors of the Business Company of the American University of Sharjah.

Mr. Al Turifi was the Chief Executive Officer of the Securities and Commodities Authority (“SCA”) from 2003 to 2015 and the Chairman of Trustee of the SCA Training Centre. From 2007 to 2010, he held the position of Secretary General of the Union of Arab Securities Commissions. He was also a Board member of the Emirates Industrial Bank from 2010 to 2011 and the founder and first director of the Hamriyah Industrial Free Zone.

Mr. Al Turifi holds a Bachelor of Business Administration and Political Science from the United Arab Emirates University and the Honorary Fellowship of the Institute of Securities and Investment (CISI) in London.

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

For further information, please contact:

Depa Limited

David Holiday, Group Chief Legal Officer and Company Secretary

Tel: + 971 4 446 2100


For more information, please refer to the corporate website:

Notes to editors:

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

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

Depa Limited is listed on the Nasdaq Dubai (DEPA:DU) and is headquartered in Dubai, United Arab Emirates.

Cautionary statement:

This document contains 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 that 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, 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 these forward looking statements.



Depa Group,
Dubai Investment Park 1,
Plot No. 598-655,P.O. Box 213537,
Dubai, U.A.E.
Phone: +971 (4) 821 6666
Fax: +971 (4) 887 8625