UDC announces QR57m net profit for first quarter
22 Apr 2021 - 9:28
The Peninsula
United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl-Qatar and Gewan Island, announced yesterday net profit of QR57m on revenues of QR351m.
The net profit attributable to the equity shareholders stood at QR46m with basic earnings per share of QR0.013. UDC Chairman, Turki bin Mohammed Al Khater said: “UDC is moving steadily in 2021 to achieve good revenues and profits although of the challenging real-estate market”.
Al Khater added: “We will endeavor to continue delivering across all our projects while remaining committed to our overall development plans which will ensure UDC’s sustainable growth and the creation of new opportunities and revenue sources over the long term.
UDC wins International Property Award for Corinthia Gewan Island Qatar Hotel
09 Mar 2021 - 13:21
QNA
Doha: United Development Company (UDC), a leading Qatari public shareholding company and master developer of The Pearl-Qatar and Gewan Island, has won the 2020 International Property Award for Corinthia Gewan Island Qatar hotel in the category of Best New Hotel Construction & Design.
Commenting on this international recognition, UDC President and Chief Executive Officer and Member of The Board Ibrahim Jassim Al-Othman, said: this award is a massive vote of confidence in the iconic Corinthia Gewan Island Qatar Hotel which will be a flagship to modern hospitality not only within Qatar but also in the region.
UDC General Assembly approves QR177m dividend distribution
04 Mar 2021 - 8:37
Turki bin Mohammed Al Khater, Ibrahim Jassim Al Othman, and other officials of UDC during the Ordinary General Assembly meeting.
The Peninsula
Doha: United Development Company (UDC) held its Ordinary General Assembly, which was chaired by UDC Chairman, Turki bin Mohammed Al Khater. The meeting approved the distribution of cash dividends of QR177m, equivalent to 5 percent of share par value.
Turki bin Mohammed Al Khater said: “The Company has achieved a net profit of QR265m and total revenues of QR1.176bn. The net profit attributable to equity shareholders stood at QR226m with basic earnings per share of QR0.064. There is no doubt that UDC operations were particularly affected by the outbreak of the coronavirus, and so were the profits achieved during the year 2020, which witnessed a significant decrease from the year 2019”.
UDC General Assembly approves QR177m dividend distribution thepeninsulaqatar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepeninsulaqatar.com Daily Mail and Mail on Sunday newspapers.
Ibrahim Jassim Al Othman, United Development Company (UDC) President, CEO and Member of the Board, has said that the reason behind high price in The Pearl-Qatar is due to the high cost of construction and services being provided there.