LONDON / UNITED ARAB EMIRATES / SINGAPORE, April 27, 2008 - Deutsche Bank today announced its appointment as Depositary Bank for the Regulation S and Rule 144A Global Depositary Receipt (GDR) program of Depa Limited (Depa).
Depa is a leading provider of interior contracting services in the Middle East, North Africa and Asia. They operate principally in the luxury fit-out sector with a focus primarily on the hospitality, commercial and residential property developments as well as airport, retail, yacht, theming and specialist fit-out sectors. In addition, Depa provides manufactured products and procurement services which are used in its in-house operations as well as provided to third parties. It has a network of subsidiaries, joint ventures and affiliates in 15 countries through which Depa has successfully executed projects in over 20 countries.*
Akbar Poonawala, Head of Global Equity Services (GES) at Deutsche Bank said, “Winning the depositary mandate for Depa’s GDR program represents significant recognition of Deutsche Bank’s superior customized client servicing capabilities from this prestigious company. We look forward to demonstrating our commitment to the region by working with Depa to enhance its GDR program within the international investor community.”