Depa Ltd. announced the appointment of Hasan Abdullah Ismaik as Chairman. Ismaik, who is the Managing Director and CEO of Arabtec Holding, was appointed to Depa's Board at its AGM last month. He will take over as Depa's Chairman from Abdullah Al Mazrui with immediate effect. Mr. Al Mazrui will continue on the Board as a Non-Executive Director.

The company reported earnings results for the first quarter of 2013. For the quarter, the company saw an 18% rise in revenues to AED 446 million from a diverse and solid backlog of projects. Net profit before non-controlling interests was AED 12 million, a significant improvement on the previous year.