In a statement, Depa Limited, one of the world’s leading interior contracting companies, said that the suspension of trading on its shares by the Dubai Financial Services Authority (DFSA) was due to technical issues technicalities concerning the composition of the Board and its committees which are not aligned with the Corporate Governance Principles set out in the DFSA’s Markets Rules.

Depa’s Board is discussing these issues at present as well as the constitution of the board, the appointment of a permanent Chairman and membership of the Board committees, Depa said, adding that it will keep the market informed of its progress.