Depa Limited, the Dubai-based interior design company that fitted out the Burj Khalifa, on Monday announced its listing on the London Stock Exchange has been cancelled.
“Depa Limited delisted its GDRs because the volume of global depositary receipts traded on the LSE was negligible and did not, in Depa’s view, justify the related expenses of the listing,” the company said in a statement.
Depa also said earlier this month that it has appointed a unit of top UAE financial services company Shuaa Capital as its liquidity provider.
The firm has previously secured contracts for Dubai Opera and Nikki Beach Resort in Dubai. In 2015, the firm had announced that its group chief executive Nadim Akhras resigned for personal reasons.