Depa Ltd. announced the appointment of Mr. Mohamed Ali Al Fahim as Chairman of the company. This follows the resignation of Mr. Hasan Ismaik on the 25 June 2014. The appointment was approved unanimously by the board of directors meeting on the 8 September 2014.

Mr. Al Fahim has previously chaired Depa's Audit & Compliance Committee and acted as a Non-executive Director since May 2013. He is currently an Executive Board member and acting CEO of Arabtec Holding PJSC, and the Head of Finance at the Finance & Accounts department of International Petroleum Investment Company (IPIC). The Board further approved the appointment of Mr. Roderick Maciver, who is currently an Independent Non-executive Director of the Board, as Vice Chairman and also confirmed Mr. Sayed Zakaria's position as an Independent Non-executive Director, following his initial appointment on an interim basis on 25 August 2014.

Furthermore, the board approved the following changes to its committees: Mr. Al Fahim has ceased to be the Chairman of the Audit and Compliance Committee and the Nomination and Remuneration Committee; Mr. Edward Quinlan has been appointed as Chairman of the Audit and Compliance Committee; Mr. Sayed Zakaria has been appointed to chair the Nomination and Remuneration Committee; Mr. Roderick Maciver has been appointed to the Nomination and Remuneration Committee; Mr. Tareq Abu Shreehah has ceased to be a member of the Nomination and Remuneration Committee.