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Mohamed Al Mehairi appointed chairman of Depa

Depa Limited has announced the appointment of Mohamed Al Mehairi as the non-executive chairman of its board of directors, replacing Ibrahim Belselah

Mohamed Al Mehairi has been appointed as the new chairman of Depa.
Mohamed Al Mehairi has been appointed as the new chairman of Depa.

Interior contracting group, Depa Limited, has announced the appointment of Mohamed Al Mehairi as the non-executive chairman of its board of directors.

Al Mehairi, who replaces Ibrahim Belselah, is the CEO of Aabar Investments PJS, where he has served as a board member since February 2009. He also serves as a board member of several Aabar portfolio companies, including UniCredit SPA. 

Mehairi has been the vice chairman of the board of directors of Arabtec Holding PJSC and the chairman of its nomination and remuneration committee since May 2015. He was also the director of the Investment Department at the International Petroleum Investment Company (IPIC), where he oversaw and led a platform of investments and development projects within the oil and gas sector, as well as a number of diversified investments. 

He holds a bachelor’s degree in business administration and finance from the University of Suffolk in Boston, USA.  

Commenting on his appointment, Al Mehairi, said: "I am delighted to be appointed as Depa’s chairman. The group has experienced a significant turnaround over the past 12 months and is well placed to continue its current growth trajectory. 

“I look forward to working with the board and leadership team to help the group achieve its primary objective of delivering long-term, sustainable returns for its shareholders.”

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Construction Week - Issue 730
Feb 21, 2019