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Interior design and specialty contractor Depa PLC, in which the Saudi sovereign wealth fund has a controlling stake, said it has appointed Haitham Omar Tuqan as the new group chief executive officer.
The appointment follows the resignation of Kevin Lewis from the position, the Nasdaq Dubai-listed company said on Friday.
Tuqan has more than 36 years’ experience in the construction industry in the GCC, it said.
Public Investment Fund currently owns 55% of Depa following a deal earlier this year when it bought $40.84 million worth of new shares in the company.
(Writing by Brinda Darasha; editing by Seban Scaria)
