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Depa Limited appoints Ibrahim Belselah as director

Depa LimitedDepa Limited, a contrator for luxury projects, announced the appointment of Ibrahim Belselah as a non-executive independent director and the retirement by rotation of Mohamed Ali Al Fahim as a board member.
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READ MORE Depa appoints Ibrahim Belselah as non-executive chairman

Mr. Belselah has over thirty years of experience working in senior leadership positions across public and private organisations.

He previously served as the Executive Chairman of the Board of Damas International Limited and provided expert counsel to investment banking firm Rothschild Group and Trafigura Beheer on their strategy in the Middle East.

Among Mr. Belselah's career highlights was his service as Lead Counsel to the UAE Government when the World Bank and International Monetary Fund held their 2003 Annual Meetings in Dubai.

Additionally, he led on the issuance of the UAE's first Government bond and served as a key team member of the Dubai e-Government Initiative. Mr. Belselah was Chairman of Arabtec Holding P.J.S.C. from 2011 to 2012, and CEO of Abu Dhabi-based Reem Investments between 2005 and 2006.

He holds a Masters in Industrial Engineering and MBA from the University of New Haven in the United States.

Mr. Al Fahim retires after serving on Depa's Board for three years, most recently as Chairman.

Mr. Al Fahim joined the Board of Depa in 2013, and was appointed as Depa's Chairman in September 2014. Since 2008, he has been head of finance at the finance and accounts department of International Petroleum Investment Company.

Mr. Al Fahim represents IPIC as a board member on a number of boards of investee companies, including: EDP General and Supervisory Board, Aabar, Arabtec Holding, Al Izz Islamic Bank and RHB Group. He commenced his professional career at Abu Dhabi National Oil Company [ADNOC], where he worked until 2008.

During that time, Mr. Al Fahim also served as a corporate finance consultant for KPMG Dubai and for HSBC at the project and export finance division - London.

Mr. Al Fahim has a degree in finance from the University of Suffolk, Boston, USA.

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