Depa, an interiors contracting company planning a $400 million (Dh1.46 billion) IPO next month, said it generated revenue of Dh1.4bn last year.
The company, which has 24 shareholders including Dubai-based Emaar Properties, plans to use the IPO proceeds to expand in North Africa and Southeast Asia, including in Singapore, Thailand and Vietnam, Noor Sweid, head of strategy at Depa, told Dubai Eye radio yesterday.

Growth includes planned acquisitions of suppliers of materials such as marble, fabrics and parquet-wood panels for floors, Sweid said.

Depa is looking to raise at least $400m in the IPO by selling mostly new shares.
Profit rose 72 per cent last year to Dh160.5m, and sales more than doubled in each of the last three years on a compound basis, the firm said on Wednesday.
Contract income, which it did not define, rose 35 per cent last year to Dh1.42bn, Depa statement said.

Other shareholders include Riad Kamal, chief executive officer of Arabtec Holding, the biggest construction company in the UAE by market value. (Reuters)