Complex Made Simple

Depa Ltd. ends even despite backlog surge to a record high

The FTSE NASDAQ Dubai UAE 20 Index closed at 1405.29 today, down 0.31%, from the previous close. The index tracks 20 liquid stocks listed on DFM, the Abu Dhabi Securities Exchange and NASDAQ Dubai. It has been designed as a hedging and investment mechanism for GCC and international investors. Shares of global port operator DP World and Depa Limited, the interior design giant from Dubai, closed flat at $10.60 and $0.445, respectively. Earlier in the Day Depa said in a statement posted on the NASDAQ Dubai website that its backlog jumps to record high of Dhs3.9bn. Depa added it has won a Dhs929m contract – Depa's largest contract ever signed – for the complete fit-out of the 27 lounges at Doha's new international airport. Lindner Depa, the Company's joint-venture, which specialises in infrastructure projects, will undertake the one year contract with immediate effect.