Saudi wealth fund PIF has acquired a majority stake in Depa, a leading interior design group, for AED150 million ($41 million). Following this, the Depa’s board will undergo restructuring which will then take the total number of directors from 5 to 11.
UAE-based Depa, a strategic management company specialising in global interior solutions, has announced that one of its units has secured a contract worth AED100 million ($27.2 million) for a hospitality package within a giga project in Saudi Arabia.
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