Burj Khalifa fit-out firm cancels listing on London Stock Exchange

Depa Limited, the Dubai-based interior design company that fitted out the Burj Khalifa, on Monday announced its listing on the London Stock Exchange has been cancelled.

“Depa Limited delisted its GDRs because the volume of global depositary receipts traded on the LSE was negligible and did not, in Depa’s view, justify the related expenses of the listing,” the company said in a statement.

 Earlier this month, Depa announced that it will be changing its listing currency on Nasdaq Dubai from US dollars to UAE dirhams from March 11.
The company said its last day of trading in US dollars would be on March 6.

Depa also said earlier this month that it has appointed a unit of top UAE financial services company Shuaa Capital as its liquidity provider.

The firm has previously secured contracts for Dubai Opera and Nikki Beach Resort in Dubai. In 2015, the firm had announced that its group chief executive Nadim Akhras resigned for personal reasons.


This entry was posted in Thoughts and tagged , , , . Bookmark the permalink.

Add a comment

Your email address will not be published. Required fields are marked *